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)

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. 

Prerequisites

• MBA / CA / CS / LLB or equivalent qualification from a reputed institution.
• 5-10 years of experience in Compliance, Risk Management, Audit, Legal, or Regulatory Affairs within Banking or Financial Services.
• Strong understanding of RBI regulations, Banking Regulation Act, KYC/AML guidelines, Fair Practice Codes, and related regulatory frameworks.
• Experience in compliance monitoring, regulatory advisory, and governance activities.