Team Member-SUPPORT SERVICES-Compliance
Kotak Mahindra Bank
5 - 7 years
Mumbai
Posted: 02/05/2025
Job Description
Team Member- Compliance
Job ID | |
Department | Compliance, Kotak Mahindra Prime Limited |
Location | Mumbai |
Number of Positions | 1 |
Reporting Relationships | Chief Compliance Officer |
Position Grade | Manager (M3) / Senior Manager (M4) |
The role involves key activities like:
- Ensure filing of various returns with RBI and other statutory/regulatory bodies within the due date. Includes Fraud returns, Risk Based Assessment of KYC/AML, DNBS returns, etc.
- Perform independent compliance testing of various products of the Company, KYC evaluation, etc on a sample basis.
- Assist in preparing data pack for various meetings such as High Level Monitoring Committee, Senior Management Committee, Compliance meeting, etc and draft minutes of aforementioned meetings.
- Track regulatory changes and update internal stakeholders
- Monitor implementation of regulatory requirements by collaborating with internal teams
- Prepare review notes for Board/Audit Committee
- Develop and maintain policies and processes with respect to Compliance such as KYC/AML policy, fraud policy, Compliance policy, Fair Practice code, beneficial owner, etc.
- Assist in RBI inspection of the Company and internal audit of Compliance function.
- File Suspicious Transaction Report (STR) and other reports with FIU
- Develop and conduct compliance training sessions to help drive Compliance culture in the company
- Advise the Branch/Operations teams w.r.t queries on KYC, Beneficial owner, etc
- Miscellaneous activities such as Branch return, Compliance newsletter, branch visit, NCIF backtracking, approval of creatives, cash transaction monitoring, etc.
- Compliance professional with a graduate/post graduate degree in Law/Commerce/Management/qualified Company Secretary with at least 5-7 years of experience is preferred.
- Staff with experience in Compliance or Audit departments in Bank/NBFC would be an added advantage.
- Should have good verbal and written communication skills with an eye for detail.
- Should be conversant with Word, Excel and powerpoint.
If you wish to apply for this job position, please fill your details in the Kotak Fast Track Application Form and mail to __________
Please mention the following in the subject line as ‘”Position Name” –“Your Name” – “Your Current Business group”
About Company
Kotak Mahindra Bank is one of India's leading private sector banks, offering a wide range of financial services including personal banking, corporate banking, investment banking, insurance, and asset management. Established in 1985 and headquartered in Mumbai, it is known for its innovative banking solutions, customer-centric approach, and strong focus on digital transformation. The bank caters to diverse customer segments, from individuals to large corporations, emphasizing trust, transparency, and growth.
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