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Kotak

Team Member-Support Services Processes-Government Business-TASC-Government Business-Product Manager

Kotak New Delhi, Delhi, India

Banking · 10,001+ employees

8 h ago
product-manager Mid (2-5 yrs) Full-time India
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About the role

The role involves conducting detailed scrutiny of account opening, maintenance, and closure documentation for government entities to ensure regulatory compliance. You will also coordinate with internal stakeholders and business teams to resolve discrepancies and provide MIS reporting.

What they look for

RBI Regulations KYC Guidelines Document Scrutiny Account Lifecycle Management Risk Assessment Compliance Management Stakeholder Coordination MIS Reporting Analytical Skills Problem-solving Banking Operations Government Account Procedures

Requirements

Candidates must possess strong knowledge of RBI regulations, KYC guidelines, and banking operational policies. Proficiency in document scrutiny, risk assessment, and effective communication is essential for this position.

Full description

Job Purpose

  • To ensure accurate, compliant, and timely scrutiny of account opening, maintenance, and closure requests for Government Departments and Government entities in accordance with RBI regulations and internal bank policies.
  • To mitigate operational and compliance risks through effective document scrutiny, stakeholder coordination, process improvements, MIS reporting, and capability building of business teams.

Key responsibilities

  • Conduct detailed scrutiny of account opening documentation for Government Departments and other Government entities in accordance with regulatory and bank internal process guidelines.
  • Verify KYC documents, constitutional documents, authorisation letters, government orders, and related records as per the prescribed KYC framework and guidelines.
  • Ensure full compliance with RBI regulations, internal policies, and procedural requirements during account onboarding and maintenance.
  • Review and process account maintenance requests, including addition or deletion of authorised signatories, signature updates, dormant account reactivation, and other account modifications.
  • Scrutinise account closure requests, validate supporting documentation, and ensure all necessary approvals are obtained prior to closure.
  • Liaise with Branches, Government Business Relationship Teams, and RPC Operations Teams to resolve discrepancies and ensure timely processing of requests.
  • Issue welcome letters to the recently onboarded clients
  • Flash MIS to Business team on account opening

Skills / Knowledge Required

  • Strong knowledge of RBI regulations, KYC guidelines, Government account opening procedures, and banking operational policies related to account lifecycle management.
  • Proficiency in document scrutiny, risk and compliance assessment, stakeholder coordination, MIS reporting, and handling account maintenance and closure scrutiny with high accuracy.
  • Excellent analytical, communication, and problem-solving skills, with the ability to identify process gaps, drive improvements, and deliver training to business teams and stakeholders

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