Compliance Inspection

Kotak Mahindra Bank; Mumbai; On-site; INR 1,400,000 - 2,100,000; Full time

Job summary

Kotak Mahindra Bank is seeking a seasoned regulatory compliance professional to coordinate RBI inspections and regulatory submissions from Mumbai. The role involves data validation, cross-functional coordination, and timely reporting through Daksh and RBI portals.

The candidate should have CA/CS/MBA with relevant RBI experience, strong communication skills, and the ability to drive regulatory outcomes under pressure. This is a senior position requiring meticulous attention to detail.

Qualifications

• CA/CS/MBA with prior relevant experience (AVP 6–8 years; DVP 8–10 years).
• Strong knowledge of RBI regulations and updates.
• Excellent written and verbal communication; detail-oriented.
• Proficient in MS Office and data handling.

Responsibilities

• Assist in regulatory inquiries and RBI inspections, coordinating with regulators and stakeholders.
• Oversee RBI onsite inspections, ensure timely data submissions and Daksh/PRAR/RAR/PRMP activities.
• Review and submit RBI data such as RBS Tranche data and Bank Profile.
• Analyze tranche data, obtain explanations for exceptions from stakeholders.
• Liaise with RBI officials to resolve RBI submission queries.
• Ensure timely dissemination and monitoring of RBI information requests, including Daksh portal.
• Circulate Daksh communications to Regulatory Change Management.
• Disseminate and monitor routine regulatory reporting on CIMS/Data Collector portal.
• MIS management relating to RBI Inspection.
• Timely onsite/offsite data submissions and RBI inspection responses.
• Assist with regulatory inquiries and examinations and stay updated on RBI rules.
• Support L1 escalations and inform Inspection Lead and Vertical Lead.
• Additional duties as assigned.

Skills

Verbal communication

Written communication

Attention to detail

MS Office

Team coordination

Education

CA/CS/MBA

Tools

MS Office Suite

Job description

• Assisting in regulatory inquiries and inspections including but not limited to coordination with regulators and internal / external stakeholders
• Overseeing efficient conduct of onsite Inspection conducted by RBI including timely submission of data / information to RBI including but not limited to activities pertaining to DAKSH portal requirements, Preliminary Risk Assessment Report (PRAR), Risk Assessment Report (RAR), Proposed Risk Mitigation Plan (PRMP), and Risk Mitigation Plan, Areas of Non-Compliance (AONC).
• Review submission pertaining to RBS Tranche 1 series data and annual submission of RBS Tranche II, Bank Profile to RBI.
• Conduct analysis/preliminary data validation of Tranche 1 series exception points and obtain the explanations for such exceptions from respective stakeholders.
• Liaises regularly and effectively with RBI officials for resolution of queries raised by the stakeholders in the Bank with respect to various RBI submissions.
• Responsible to ensure proper dissemination, coordination & monitoring for timely submission to RBI of adhoc information requests received from RBI SSM team, various other departments of RBI, and those published on Daksh Portal of RBI.
• Circulate Daksh communication to Regulatory Change Management team for information and necessary action.
• Disseminate, coordinate & monitor to ensure timely of routine regulatory reporting on CIMS/Data collector portal and any other activity / task as communicated by compliance senior management.
• MIS management relating to RBI Inspection.

Strategic Responsibilities:

• Timely submission of the onsite / offsite / adhoc data & information sought by Reserve Bank of India (RBI) and ensuring responses to the RBI Inspection report are collated in a timely manner.
• Timely submission of RBS Tranche 1 series (Quarterly), Tranche 2 (Annual) data to RBI within the stipulated timelines.
• Ensure timely submission of adhoc returns published on Daksh portal by RBI.
• Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
• Stay abreast of relevant changes to rules / regulations and other industry news including regulatory findings
• Assist the team members in addressing any L1 escalations and keep the Inspection Lead and Vertical Lead informed of the same.
• Additional duties as assigned.

Prerequisite:

• CA/CS/MBA with prior relevant experience of (i) AVP – 6 to 8 years; and (ii) DVP – 8 to 10 years.
• Should be well versed with recent developments as regards RBI regulations.
• Should have good verbal and written communication skills with an eye for detail.
• Ability to perform under pressure within the given time lines. Should possess good communication / interpersonal / problem solving skills and has to be a quick learner.
• Diligent, hard-working & a team player, with ability to drive outcomes when working with other stakeholders. Proficient in working on MS Office tools.