Team Member - Compliance-SUPPORT SERVICES-Compliance

Team Member - Compliance-SUPPORT SERVICES-Compliance

Job Description: Compliance Manager - Kotak Mahindra Bank

Job Title

Manager / Senior Manager - Compliance

Location

Mumbai

Key Responsibilities

Regulatory Compliance & Advisory

• Provide compliance guidance to business and support functions on applicable RBI regulations, banking laws, and internal policies.
• Review new products, processes, initiatives, and business propositions from a regulatory compliance perspective.
• Interpret regulatory circulars and assess their impact on banking operations.

Monitoring & Testing

• Conduct periodic compliance monitoring and testing to identify potential compliance gaps.
• Track closure of compliance observations and remediation plans.
• Prepare compliance reports, dashboards, and management updates.

Regulatory Change Management

• Monitor regulatory developments issued by RBI, SEBI, IRDAI, NPCI, FIU-IND, and other regulatory bodies.
• Facilitate implementation of regulatory changes across relevant stakeholders.
• Maintain compliance trackers and regulatory inventory.

Audit & Inspection Support

• Coordinate with Internal Audit, Statutory Auditors, and Regulatory Inspectors for compliance-related matters.
• Support submission of information and responses during regulatory inspections and audits.
• Ensure timely closure of audit and inspection observations.

Policy Governance

• Assist in drafting, reviewing, and updating compliance policies, procedures, and frameworks.
• Drive awareness and training programmes on compliance requirements across the organisation.
• Promote a strong compliance culture and ethical conduct.

Behavioural Skills

• Strong analytical and problem-solving abilities.
• Excellent stakeholder management and interpersonal skills.
• Effective written and verbal communication.
• High attention to detail and regulatory mindset.
• Ability to manage multiple priorities in a dynamic environment.

Preferred Industry Experience

• Banks (Private, Foreign or Public Sector)
• NBFCs
• Financial Services Organisations
• Consulting firms with Banking Compliance practice

Grade: M4/M5 (based on experience and internal benchmarking)