Team Member–Compliance (RBI Inspections))
•Assisting in regulatory inquiries and inspections including but not limited to coordination with regulators and internal / external stakeholders
•Overseeing efficient conduct of onsite Inspection conducted by RBI including timely submission of data / information to RBI including but not limited to activities pertaining to DAKSH portal requirements, Preliminary Risk Assessment Report (PRAR), Risk Assessment Report (RAR), Proposed Risk Mitigation Plan (PRMP), and Risk Mitigation Plan, Areas of Non-Compliance (AONC).
•Review submission pertaining to RBS Tranche 1 series data and annual submission of RBS Tranche II, Bank Profile to RBI.
•Conduct analysis/preliminary data validation of Tranche 1 series exception points and obtain the explanations for such exceptions from respective stakeholders.
•Liaises regularly and effectively with RBI officials for resolution of queries raised by the stakeholders in the Bank with respect to various RBI submissions.
•Responsible to ensure proper dissemination, coordination & monitoring for timely submission to RBI of adhoc information requests received from RBI SSM team, various other departments of RBI, and those published on Daksh Portal of RBI.
•Circulate Daksh communication to Regulatory Change Management team for information and necessary action.
•Disseminate, coordinate & monitor to ensure timely of routine regulatory reporting on CIMS/Data collector portal and any other activity / task as communicated by compliance senior management.
•MIS management relating to RBI Inspection.
CA/CS/MBA with prior relevant experience of 5 to 10 years
• Should be well versed with recent developments as regards RBI regulations.
• Should have good verbal and written communication skills with an eye for detail.
• Ability to perform under pressure within the given timelines. 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 tool
About Kotak Mahindra Group:
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.
The consolidated balance sheet of Kotak Mahindra Group is over 1 lakh crore and the consolidated net worth of the Group stands at 13,943 crore (approx US$ 2.6 billion) as on September 30, 2012.
The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore. For more information, please visit the company’s website at https://www.kotak.bank.in/en/home.html
