Group Compliance Officer - Kotak Mahindra Bank, Mumbai
- Kotak Mahindra Bank
- 12 - 22 years
- Mumbai
- 2 months ago
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Job Description
Job Purpose
The Group Compliance Officer ensures that all Group entities of the Bank comply with applicable regulations. This role lead the development, implementation, and oversight of a harmonized compliance framework across the Group entities.
Reporting to: Group Chief Compliance Officer of the Bank
Key Responsibilities:
Strategic Oversight:
- Lead compliance oversight for group entities ensuring adherence to local and international regulatory frameworks.
- Develop, maintain, and drive the Group-wide compliance program, reflecting banking regulations (including RBI and SEBI) and internal control standards.
- Monitor and assess relevant regulatory and market developments, ensuring proactive updates and timely communications across all entities and ensuring implementation of the regulation in group entities.
- Prepare and present consolidated compliance reports, dashboards and MIS summaries to executive leadership and the Board.
- Lead the creation and continuous enhancement of Group compliance policies, procedures, and manuals.
- Responsibility for planning, organizing, and conducting Group Chief Compliance Officer (CCO) meetings, ensuring participation from all entity-level Compliance Officers, timely agenda circulation, accurate minutes, and follow-up on action items.
- reviews across group entities.
- Preparation of Board Notes and Audit Committee Notes for Group Compliance.
Compliance Monitoring:
- Oversee and evaluate the effectiveness of compliance testing programs conducted by each subsidiary, ensuring consistency, quality, and timely reporting of findings and corrective actions.
- Preparation of Audit committee notes & presentations related to critical issues found during compliance testing
Regulatory Affairs:
- Oversee and coordinate Regulatory Inspections and statutory audits
- Ensuring appropriate and timely submission to regulator queries
- Tracking closure of actions emanating from inspection observation and review of controls implemented including reporting status to Board and Audit Committee.
Experience
- 12 + years of regulatory compliance, or risk management experience in banking, with a minimum of 35 years at a group or multi-entity level.
- Proven expertise in designing and embedding compliance frameworks across diverse legal and operational environments.
- In-depth understanding of banking regulationsespecially RBI and SEBI related regulations pertaining to Banks, NBFC, AIFs etc.
Job Classification
Industry: BankingFunctional Area / Department: Risk Management & ComplianceRole Category: Risk Management & Compliance - OtherRole: Risk Management & Compliance - OtherEmployement Type: Full timeContact Details:
Company: Kotak Mahindra BankLocation(s): Mumbai
Keyskills: Compliance Compliance Testing Inspection Management Regulatory Compliance
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