Assistant Manager - Inspection - CA/ICWA - Stock Exchange

Function Inspections :HO

Role Title : Assistant Manager - Inspection

Qualification: qualified ICWA, CA, MBA (Finance- full time 2 year regular course). No CA inter or ICWA inter. They have to be fully qualified.

Job : to audit and inspect the listed members of the exchange as audit to check if they are compliant as per SEBI regulatory norms and other regulations laid down by the exchange.

Location : Chennai-People from, of and for Chennai. Anyone from any other location need not apply.

Travel is a must within Chennai .

Experience : 1- 4 years post qualification

Purpose of the role :

To ensure that trading members/ stock brokers adhere to the regulatory norms by conducting onsite inspection, verification of member submission of required documents and audit reports and follows up with members for the same. To initiate action by facilitating the Relevant Authority of the Exchange for deciding disciplinary actions

Key Responsibilities :

Quarterly selection of members for inspection visits :

1. Collate exchange data to assess risk and categorize members into different buckets.

2. Prioritize members, and prepare quarterly inspection calendar/schedule as per selection criteria approved by Exchange/SEBI.

3. Draft approval note and share inspection dates with respective regional inspection teams.

4. Co-ordinate for visit date to member office and prepare the intimation letter to member

Inspection :

1. Review and update methodology for conduct of inspection

2. Quarterly updation of inspection checklist

3. Monitoring of Inspection service standards for the Regional Offices

4. Handling queries from regional Offices regarding inspection methodology and process.

5. Handling Member queries w.r.t. compliance requirements.

Risk Based Supervision (RBS) :

1. Issuance of half yearly circular for RBS submission

2. Coordination with IT department for maintenance/development of RBS system

3. Coordination with various departments for RBS submission

4. Review and checking of RBS data and the assessment

5. Sharing of RBS assessment details with SEBI

6. Handling queries from regional Offices/Members regarding RBS

Data collation and analysis for daily reports and adhoc requests :

1. Collate data to cater to the request raised by external regulators like SEBI and various internal departments within NSE.

2. Collate and analyse data from other exchanges and internal Organisation departments for Monthly Development report, Monthly Activity report, SEBI annual/ half yearly report to be sent to SEBI.

3. Collation of data to be displayed on website as regards action initiated against member

Internal Audit :

1. Handling activities relating to internal Audit.

2. Issuance of half yearly circulars and reminders for submitting the Report.

3. Analysis of Internal Audit Report.

4. Sending IOMs to the accounts department for debiting the penalty from the members.

5. Handling member queries w.r.t Internal Audit.

Limited Purpose Inspections (LPI) :

1. Deciding the scope for conducting Limited Purpose Inspections.

2. Reviewing the Inspection Reports received from the Regional Offices.

3. Sharing of LPI details with SEBI wherever required.

4. Monitoring and follow-ups for the conduct of LPIs.

Proactive Compliance monitoring :

1.Review of UCC database and taking up with Members for its updation and correction.

2. Reviewing the trading terminal details and communicating the terminal details to the trading members where no trades have been executed on the terminals for a longer period and also asking them to review the same and take necessary action within the given due date.

3. Offsite supervision of Members

4. Handholding of Members with consistent weak compliance levelsResilience Process

Other Activities :

1. Coordination with other departments for compliance matters

2. Taking part in various departmental initiatives

3. Actively taking part in the various projects undertaken by the department

Educational Qualifications :

Essential - CA degree

Role Requirements :

- Knowledge of financial and capital markets

- Knowledge of statutory requirements applicable to the financial markets

- Excellent team work capabilities

- Good knowledge of MS office

Experience Essential : 1-3 years of experience

Desired : Relevant experience in financial services