Regulatory Compliance Manager

Kotak Mahindra Bank; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Kotak Mahindra Bank is seeking a Compliance professional in Mumbai to monitor, interpret, and guide business teams on new financial regulations. You will disseminate regulatory changes, analyze impacts, and drive required actions across functions.

The role involves testing regulatory implementations, supporting regulator engagements, and assisting MIS reporting. Strong MS Office skills and a background in banking regulatory compliance are essential.

Qualifications

• 4-5+ years of experience in banking/financial services in compliance.
• Knowledge of RBI, NPCI, depositories/exchanges, PFRDA/IRDAI requirements.
• Hands-on experience implementing or monitoring regulations; audit/assurance background preferred.
• Understanding of bank functions and capital markets.
• Strong communication, interpersonal and problem-solving skills; quick learner.
• Proficiency in MS Office.

Responsibilities

• Monitor new regulations as they arise and disseminate to internal stakeholders.
• Analyze impacts, assign actions to business owners and guide implementation.
• Test actual implementation to ensure processes meet regulatory expectations.
• Assist senior stakeholders in preparing notes for regulator engagements.
• Prepare MIS/ governance notes for internal reporting.

Skills

Regulatory compliance

Banking

Auditing/Assurance

MS Office

Education

Graduate degree

Tools

MS Office

Job description

The expectation and primary accountability of the position in the Compliance Department is to monitor, understand, interpret and guide business teams regarding new regulations emanating from financial services and capital market regulators (such as RBI, NPCI, Depositories / Exchanges/ Clearing Houses, PFRDA / IRDAI etc.).

• To monitor new regulations as and when they arise, and to promptly disseminate these to relevant internal stakeholders.
• Proactively analyze the impacts, allocate actions to business owners, and provide guidance on implementation.
• Perform testing of actual implementation of circulars to ensure that the revised process and controls are sufficient to meet regulatory expectations from both, a design & operating effectiveness perspective.
• Assist senior stakeholders in preparing notes for engagement with regulators as and when required, to obtain clarity on the regulations.
• Assist/prepare MIS / notes for internal governance meeting reporting.

Job Requirements:

The candidate should possess the following attributes:

• Graduate with 4-5+ years of work experience in banking / financial services / securities in the Compliance team or in an assurance/testing role with particular focus on regulatory compliance.
• Knowledge about key regulatory requirements relating to financial services and capital market regulators (such as RBI, NPCI, Depositories / Exchanges/ Clearing Houses, PFRDA / IRDAI etc.).
• Hands‑on experience of implementing or monitoring implementation of regulations. Prior audit or assurance background will be preferred.
• Functional knowledge about bank functioning – different business segments and functions with particular focus on financial services / capital markets.
• 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.