About the role

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