Job Description

Position:	Team Member – Compliance
Company:	Kotak Mahindra Prime Limited
Department:	Compliance
Location:	Infinity IT Park, Goregaon, Mumbai

About the Company

Kotak Mahindra Prime Limited (KMPL), a subsidiary of Kotak Mahindra Bank, is one of India's leading vehicle finance companies, offering financing solutions for new cars, used cars, two-wheelers, and loan against property. The Compliance function plays a critical role in ensuring adherence to RBI regulations, statutory requirements, and internal governance frameworks.

Key Responsibilities

• Ensure timely filing of statutory and regulatory returns with RBI and other regulatory authorities, including KYC/AML Risk Based Assessment (RBA), DNBS returns, fraud returns, ad hoc returns, etc.
• Perform independent compliance testing across various company products and processes to identify compliance gaps and recommend corrective actions.
• Prepare data packs and presentations for High-Level Monitoring Committee, Senior Management Committee, and Compliance Committee, Board and Audit Committee meetings, including drafting minutes.
• Track regulatory changes and ensure timely dissemination of updates to relevant business and support functions.
• Coordinate with internal stakeholders to implement new regulatory requirements and monitor compliance.
• Develop, review and update compliance policies including:
• KYC/AML Policy
• Fair Practices Code
• Fraud Risk Management Policy
• Compliance Policy
• Beneficial Ownership Guidelines
• Assist during RBI inspections, regulatory audits and internal audits of the Compliance function.
• File Suspicious Transaction Reports (STRs) and other regulatory reports with the Financial Intelligence Unit (FIU).
• Conduct compliance awareness and training programs to strengthen the organization's compliance culture.
• Provide guidance to branch and operations teams on KYC, AML, Beneficial Ownership and regulatory compliance matters.
• Handle compliance-related operational activities including:
• Branch returns
• Compliance newsletters
• Branch compliance visits
• NCIF tracking
• Approval of marketing creatives
• Cash transaction monitoring
• Transaction monitoring
• Compliance tracking and reporting
• Review and supervise closure of AML alerts and ensure timely resolution of compliance observations.

Candidate Requirements

• Graduate/Postgraduate in Law, Commerce or Management.
• Qualified Company Secretary (CS) or Chartered Accountant (CA) preferred.
• LLB/LLM qualification will be an added advantage.
• Minimum 10 years of experience in Compliance, Internal Audit or Regulatory functions within NBFCs, Banks or Financial Institutions.
• Strong understanding of:
• RBI regulations
• KYC/AML Guidelines
• Prevention of Money Laundering Act (PMLA)
• FIU reporting
• Fair Practices Code
• Compliance Monitoring Framework
• Regulatory Governance
• Experience in handling RBI inspections and regulatory audits.
• Excellent analytical, documentation and stakeholder management skills.
• Strong written and verbal communication abilities.
• Proficiency in MS Excel, Word and PowerPoint.

Preferred Skills

• Regulatory Compliance
• RBI Compliance
• KYC & AML Compliance
• Compliance Monitoring
• Risk Based Assessment (RBA)
• STR & FIU Reporting
• Regulatory Reporting
• Internal Controls
• Audit Coordination
• Policy Drafting
• Governance & Risk Management
• MIS Reporting
• Stakeholder Management
• Documentation Review
• Process Compliance
• Financial Services Compliance