Compliance Assurance

5 days ago


Mumbai Metropolitan Region, IN Kotak Mahindra Bank Full time

Role:

To lead and execute a robust compliance assurance program across business units, ensuring adherence to regulatory requirements and internal policies / processes. The role involves testing of regulatory obligations, reporting and tracking, to strengthen the compliance framework and mitigate regulatory risks.

Key Responsibilities

  • Execute and ensure timely delivery of Compliance Reviews, including Branch Reviews as per the review plan approved by ACB aligned with RBI and other regulatory guidelines.
  • Conduct RBS Tranche III Testing as per RBI’s Risk-Based Supervision guidelines.
  • Create new system rules for automating testing of regulatory obligations on a continuous basis and analyse the exceptions.
  • Integrate data analytics and automation tools for enhanced testing efficiency.
  • Carry out detailed reviews of processes, products, and systems to identify gaps and recommend corrective actions.
  • Perform sample checks, walkthroughs of processes, products and systems and control validations.
  • Prepare Compliance Review Reports highlighting observations, root causes, and remediation plans.
  • Present findings to Senior management and Audit Committee.
  • Maintain centralized repository of testing results for regulatory and internal audits.

Regulatory Alignment

  • Stay updated on regulatory changes and incorporate them into testing programs.
  • Liaise with regulators during inspections and audits, ensuring timely and accurate responses.

Stakeholder Management

  • Collaborate with business, operations, risk, internal audit and technology teams
  • Provide advisory support on compliance matters and emerging risks.

Additional Strategic Responsibilities

  • Drive continuous improvement through automation, AI-driven analytics.
  • Contribute to compliance risk assessment and annual compliance plan.
  • Support training and awareness programs for business units on compliance observations.

Qualifications & Experience

  • Chartered Accountant / MBA / LLB or equivalent professional qualification.
  • 6 – 8 years of experience in compliance, internal audit, or risk management within banking or financial services.
  • Strong knowledge of RBI guidelines and other regulations.


Skills & Competencies

  • Strong analytical and problem-solving skills.
  • Excellent communication and stakeholder management.
  • Ability to work under pressure and manage multiple priorities.
  • Proficiency in MS Office, compliance tools, and data analytics platforms.
  • Familiarity with RegTech solutions and automation tools for compliance testing.


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