Compliance Advisor- Fraud Risk/FATCA/CRS/NPCI

Kotak Mahindra Bank; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Kotak Mahindra Bank in Mumbai seeks an experienced Compliance Advisory professional to provide regulatory guidance across liabilities, payments, and government agency business. The role focuses on aligning products and processes with RBI, NPCI, FATCA/CRS, and internal policies.

You will draft policies, assess risk, interact with senior stakeholders, and respond to audits, regulatory inspections, and disclosures, while ensuring timely regulatory returns via PCOMP portal.

Qualifications

• Require CA/MBA/LLB or equivalent professional qualification.
• 4–10 years of experience in compliance; banking sector preferred.
• Minimum 5 years in second line of defence compliance within a bank.

Responsibilities

• Provide regulatory advisory across Liabilities and Payments businesses including NPCI compliance.
• Advise on RBI guidelines, KYC requirements (FATCA/CRS) and digital banking frameworks.
• Draft/update compliance policies, SOPs, and internal guidelines; support risk assessments.

Skills

Stakeholder engagement

Regulatory knowledge

KYC & fraud risk

NPCI regulations

RBI guidelines

Education

Chartered Accountant

MBA

LLB

Tools

PCOMP portal

Job description

To provide compliance advisory support across key business segments, ensuring adherence to regulatory requirements and internal policies. The role involves proactive engagement with stakeholders to mitigate compliance risks and enable business growth within the regulatory framework.

Key Responsibilities:

Regulatory Advisory

• Provide compliance advisory support to the following:
• Liabilities Business – including Branch Banking and related products.
• Payments Business – covering UPI, PPI, AePS, Payment Aggregators (PA), Payment Gateways (PG), acquiring solutions, and other payment channels, NPCI Compliance.

Digital Banking – advisory on digital platforms, products, and services

Government Agency business

• Interpret circulars, notifications, and regulatory updates and assess their impact on existing products, processes, and policies.
• Provide compliance advisory on KYC including FATCA/CRS, and fraud risk management requirements, ensuring alignment with applicable regulatory guidelines and internal policies
• Advice on payment systems and digital payment regulations, including RBI and NPCI guidelines, and oversee compliance with NPCI requirements, including timely tracking and submission of regulatory returns and certifications through the PCOMP portal.
• Reviewing Digital Banking Related Products, Policies, Processes and journeys. It involves giving feedback and advice to ensure the bank processes are comprehensive and compliant with regulatory guidelines
• Act as a point of contact for compliance-related queries from internal stakeholders.

Policy & Framework Management

• Assist in drafting, reviewing, and updating compliance policies, SOPs, and internal guidelines in line with regulatory changes.
• Support implementation of compliance frameworks, monitoring mechanisms, and control assessments.
• Ensure Compliance policies/SOPs are communicated effectively across departments.
• Conduct compliance risk assessments and identify gaps in adherence.
• Advice on mitigation strategies for regulatory and compliance risks.
• Support responses to regulatory inspections, audits, and supervisory observations.
• Assist in preparation and submission of regulatory reports and disclosures.
• Coordinate with internal audit, risk, and legal teams as required.

Qualifications & Experience

• Chartered Accountant / MBA / LLB or equivalent professional qualification.
• 4 –10 years of experience in c.
• At least, 5 years of work experience in second line of defence Compliance function of a Bank
• Strong understanding of banking regulations, payment systems (including NPCI regulations)KYC (including FATCA Compliance) and digital banking frameworks.
• Strong knowledge of RBI guidelines and other regulations.
• Ability to engage with senior stakeholders and provide practical compliance solutions.