Team Member Compliance & AML-INTERNATIONAL DIVISION-Compliance Head at Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd · Mumbai, India · Onsite
- Professional
- Office in Mumbai
As a Team Member in the Compliance & AML department, you will play a crucial role in maintaining the bank's compliance with regulatory requirements and internal policies. Your focus will be on the International Division, ensuring that the bank's global operations adhere to Anti-Money Laundering (AML) regulations and best practices. This role is an excellent opportunity to gain exposure to various aspects of compliance and contribute to the bank's overall risk management framework.
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Responsibilities
- Monitor and assess compliance with international AML regulations and internal policies.
- Conduct regular reviews and audits of the International Division's operations to identify potential compliance risks and ensure effective controls are in place.
- Stay updated on regulatory changes and industry trends, providing guidance and training to the team on new developments.
- Collaborate with other departments, such as Legal and Risk Management, to ensure a holistic approach to compliance and risk mitigation.
- Prepare and submit regulatory reports and filings for the International Division, ensuring accuracy and timeliness.
- Investigate and resolve compliance-related issues and complaints, working closely with relevant stakeholders to find effective solutions.
- Develop and implement compliance training programs for the International Division's staff, promoting a culture of compliance.
- Maintain strong relationships with external regulators and authorities, representing the bank in discussions and meetings.
- Provide support and guidance to the International Division's business units on compliance-related matters, ensuring a smooth and efficient operation.
- Assist in the development and implementation of new compliance initiatives and strategies to enhance the bank's overall compliance framework.
Qualifications
- A bachelor's degree in Law, Finance, or a related field is preferred.
- Prior experience in a compliance role, preferably in the banking or financial services industry, is essential.
- In-depth knowledge of international AML regulations and compliance frameworks is a must.
- Strong analytical and problem-solving skills, with the ability to identify and assess compliance risks.
- Excellent communication and interpersonal skills, with the ability to build relationships and collaborate effectively.
- Proficiency in Microsoft Office suite, particularly Excel and PowerPoint, for data analysis and presentation.
- Ability to work independently and manage multiple tasks in a fast-paced environment.
- Willingness to stay updated on regulatory changes and industry developments through continuous learning.
- Strong attention to detail and a commitment to maintaining the highest standards of integrity and confidentiality.
- Flexibility to adapt to changing priorities and a dynamic work environment.
