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About Kotak Mahindra Bank

The Kotak Mahindra Group, established in 1985, is a prominent financial services conglomerate in India. With a wide array of offerings, the Group covers all aspects of finance, addressing both personal and corporate requirements. Services include commercial banking, stock broking, mutual funds, life insurance, and investment banking.

Your Role

The Group Internal Audit department conducts risk-based internal audit of the Bank and its subsidiaries, including international subsidiaries. The role would involve

• Executing credit audits of various businesses under Commercial Bank/Wholesale Bank. 
• Understanding & evaluating credit proposals independently and highlighting gaps, if any.
• Testing the operating effectiveness of controls, identifying weaknesses therein, and making recommendations to improve the control environment
• Preparing audit reports/presentations; etc. 
• Gaining & sharing knowledge. 

Training & development

Through valuable on-the-job experience, formal and informal coaching, mentoring, and shadowing the bank grooms leaders to take on new roles. Apart from the managerial and leadership programs, you can make the most of the 350+ unique functional and development programs on a range of topics.

Benefits

The average salary of a Team Member at Kotak Mahindra Bank can be 1.5L to 3.5L per annum. Some of the benefits offered to employees at Kotak Mahindra Bank include:

• Competitive Salary
• Performance-Based Variable Pay
• Insurance Coverage
• Retirement Benefits:
• Employee Stock Purchase Plan
• Leave Policies
• Employee Assistance Program
• Training and Development
• Employee Engagement Activities

Career progression

Kotak Mahindra Bank promotes a wide range of talent development and recognition initiatives, all designed to give you the opportunity to learn, grow, and maximize your potential. These include 360-degree assessments, progress discussions, individual development plans, talent review discussions, leadership development programs, and 350+ unique functional and developmental programs. 

Work-life balance

Kotak Mahindra Bank offers a good work-life balance to its employees through flexible working hours, employee-friendly policies, remote working benefits, wellness programs, stress management sessions, and recreational activities to help maintain a work-life balance.

Culture & vibe

The right environment makes all the difference. At Kotak Bank, they take pride in having built a dynamic culture that brings out the best in you. Their culture is one of their biggest strengths. It's what sets them apart and attracts the best and the brightest in the industry. The bank’s core values are at the heart of its steady success and evolution as a company. It’s not just their success that drives them. It’s the success of people as well on both the professional and personal fronts.

About you

The requirements for the role are:

• A good understanding of banking business processes (lending) and exposure to credit underwriting/credit audits will be preferred. 
• Knowledge about key regulatory requirements affecting banks’ lending businesses. 
• Willingness to invest & qualify for the internal audit practice. 
• Willingness to travel on the job. 
• Strong analytical skills. 
• Good oral & written communication skills. 
• Good interpersonal skills to engage with audit clients and the audit team. 
• Proficiency in MS Office, internal core banking & other Satellite systems. 

​​​​How to apply

To apply for this role, just click on the Apply button, which navigates to the career section. You can then select the state and the city you are looking for, and start applying for the position.

Sources

The following sources were used in researching this page:

• Kotak.com/en/about-us/careers/building-capability.html
• Youtube.com
• Ambitionbox.com/benefits/kotak-mahindra-bank-benefits
• Ambitionbox.com/salaries/kotak-mahindra-bank-salaries/team-member.