Team Member-SUPPORT SERVICES-Compliance
- Mumbai, Maharashtra
- Permanent
- Full-time
Department Compliance, Kotak Mahindra Prime Limited
Location Mumbai
Number of Positions 1
Reporting Relationships Chief Compliance OfficerThe role involves key activities like: * Ensure filing of various returns with RBI and other statutory/regulatory bodies within the due date. Includes Fraud returns, Risk Based Assessment of KYC/AML, DNBS returns, etc.
- Perform independent compliance testing of various products of the Company, KYC evaluation, etc on a sample basis.
- Assist in preparing data pack for various meetings such as High Level Monitoring Committee, Senior Management Committee, Compliance meeting, etc and draft minutes of aforementioned meetings.
- Track regulatory changes and update internal stakeholders
- Monitor implementation of regulatory requirements by collaborating with internal teams
- Prepare review notes for Board/Audit Committee
- Develop and maintain policies and processes with respect to Compliance such as KYC/AML policy, fraud policy, Compliance policy, Fair Practice code, beneficial owner, etc.
- Assist in RBI inspection of the Company and internal audit of Compliance function.
- File Suspicious Transaction Report (STR) and other reports with FIU
- Develop and conduct compliance training sessions to help drive Compliance culture in the company
- Advise the Branch/Operations teams w.r.t queries on KYC, Beneficial owner, etc
- Miscellaneous activities such as Branch return, Compliance newsletter, branch visit, NCIF backtracking, approval of creatives, cash transaction monitoring, etc.
- Staff with experience in Compliance or Audit departments in Bank/NBFC would be an added advantage.
- Should have good verbal and written communication skills with an eye for detail.
- Should be conversant with Word, Excel and PowerPoint.