Compliance - FATCA/CRS/NPCI

Kotak Mahindra Bank; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Kotak Mahindra Bank is seeking a Team Member- Compliance Advisory (Retail Business) in Mumbai to provide compliance advisory support across Liabilities, Payments, Digital Banking, and Government Agency business. The role involves interpreting regulatory updates, ensuring alignment with policies, and acting as a contact for internal stakeholders.

The candidate should have CA/MBA/LLB or equivalent qualification with 4–10 years of experience, including substantial exposure to banking regulations

Qualifications

• CA/MBA/LLB or equivalent professional qualification.
• 4–10 years of experience in relevant roles.
• At least 5 years of work experience in second line of defence Compliance function of a Bank.
• Strong knowledge of banking regulations, payment systems (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.

Responsibilities

• Provide compliance advisory support across Liabilities, Payments, Digital Banking, and Government Agency business.
• Draft, review, and update compliance policies, SOPs, and internal guidelines.
• Conduct compliance risk assessments and identify gaps in adherence; advise on mitigation strategies.
• Support responses to regulatory inspections, audits, and supervisory observations; assist in regulatory reporting and disclosures; coordinate with internal risk, audit, and legal teams.

Skills

Stakeholder engagement

Regulatory compliance

Risk assessment

Education

Chartered Accountant / MBA / LLB or equivalent professional qualification

Job description

Team Member- Compliance Advisory (Retail Business)

DepartmentComplianceLocationMumbaiNumber of Positions1Reporting RelationshipsReporting to Executive Vice President

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.

Risk Assessment & Monitoring

• Conduct compliance risk assessments and identify gaps in adherence.
• Advice on mitigation strategies for regulatory and compliance risks.

Regulatory Liaison & Reporting

• 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.

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