Kotak Mahindra Bank Mumbai Operational Risk Manager Salaries by 5 Employees (Updated 2025)

1 - 10 years exp.

₹2.2 Lakhs - ₹10.8 Lakhs

Salary of majority employees

60% less than the average Operational Risk Manager Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations Operational Risk Manager Salary 2 - 10 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹7.2 L/yr
BFSI, Investments & Trading Operational Risk Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.4 L/yr
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Finance & Accounting Operational Risk Manager Salary 2 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.9 L/yr

Last Updated: 15 Mar 2023

Companies similar to Kotak Mahindra Bank for Operational Risk Manager in Mumbai

Kotak Mahindra Bank Operational Risk Manager Salary

1 - 10 years exp. (5 salaries)

₹2.2 L/yr - ₹10.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Operational Risk Manager Salary 2 - 4 years exp. (4 salaries)	₹12 L/yr - ₹18 L/yr 133% more
Axis Bank Operational Risk Manager Salary 2 - 9 years exp. (4 salaries)	₹10 L/yr - ₹14 L/yr 72% more
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IDFC FIRST Bank Operational Risk Manager Salary 11 - 13 years exp. (3 salaries)	₹16.2 L/yr - ₹20.7 L/yr 166% more
UBS Operational Risk Manager Salary 2 - 6 years exp. (4 salaries)	₹13 L/yr - ₹17.5 L/yr 106% more
Tata AIA Life Insurance Operational Risk Manager Salary 14 - 19 years exp. (3 salaries)	₹21.7 L/yr - ₹27 L/yr 279% more

Operational Risk Manager salary at Kotak Mahindra Bank ranges between ₹2.2 Lakhs to ₹10.8 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Operational Risk Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹12 L/yr
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹13.1 L/yr
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3 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.5 L/yr
5 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7.2 L/yr

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Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 employees for salary & benefits

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Operational Risk Manager Salary FAQs

What is the salary of Operational Risk Manager at Kotak Mahindra Bank Mumbai?

Operational Risk Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.2 Lakhs to ₹10.8 Lakhs for experience between 1 years to 10 years. According to our estimates it is 60% less than the average Operational Risk Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Operational Risk Manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Operational Risk Manager at Kotak Mahindra Bank is 60% less than the average salary of a Operational Risk Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Operational Risk Manager in Mumbai?

Tata AIA Life Insurance Operational Risk Manager Salary - ₹21.7 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank Operational Risk Manager Salary - ₹16.2 Lakhs to ₹20.7 Lakhs per year
HDFC Bank Operational Risk Manager Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
UBS Operational Risk Manager Salary - ₹13.0 Lakhs to ₹17.5 Lakhs per year
Axis Bank Operational Risk Manager Salary - ₹10.0 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Operational Risk Manager at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Operational Risk Manager at Kotak Mahindra Bank ranges between ₹50,913 per month to ₹52,114 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Operational Risk Manager salary in India which ranges between ₹2.2 Lakhs to ₹10.8 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Operational Risk Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Operational Risk Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Operational Risk Manager Salaries in Mumbai

Kotak Mahindra Bank Operational Risk Manager salary in Mumbai ranges between ₹2.2 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.