Description:

- Compliance Manager (SEBI & IRDA)

Experience: 5 TO 10 Years

Location: Mumbai

Work Level: Individual Contributor

Industry Type: Banking / Financial Services

Education: PG / Masters Degree (Law, Finance, or CS preferred)

Role Summary:

We are seeking a highly meticulous Compliance Manager with a dual specialization in SEBI and IRDAI regulations.

Based in Mumbai, this role is critical for ensuring that our banking and investment operations adhere to the complex legal frameworks governing capital markets and insurance sectors.

You will act as the primary regulatory sentinel, interpreting evolving circulars and implementing robust internal controls to mitigate legal risks.

The ideal candidate is an adaptable professional who can navigate the fast-paced regulatory landscape of the BFSI sector, providing expert advisory to business teams while maintaining a culture of integrity and transparency.

Technical Responsibilities:

- Regulatory Framework Implementation: Ensure end-to-end compliance with SEBI (Securities and Exchange Board of India) and IRDAI (Insurance Regulatory and Development Authority of India) regulations, circulars, and codes of conduct.

- Horizon Scanning: Monitor and interpret new regulatory developments and amendments, conducting impact assessments to proactively adjust organizational policies.

- Policy Architecture: Draft, review, and implement comprehensive compliance policies, Standard Operating Procedures (SOPs), and internal control systems aligned with the latest statutory requirements.

- Regulatory Liaison: Manage all formal correspondence and act as the point of contact for inspection queries or audits initiated by SEBI or IRDAI.

- Internal Compliance Audits: Design and execute periodic compliance reviews and internal audits to identify potential gaps in adherence to investment and insurance guidelines.

- Advisory Support: Provide technical compliance guidance to business units regarding the regulatory implications of new product launches, digital marketing materials, and customer-facing communications.

- Risk & Governance Integration: Collaborate with senior management to implement and strengthen Risk Management frameworks, ensuring compliance is woven into the organizational governance structure.

- Dispute & Legal Risk Management: Assess legal risks associated with non-compliance and provide strategic recommendations to minimize exposure to penalties or reputational damage.

- Training and Awareness: Conduct workshops for internal stakeholders on key compliance themes such as Insider Trading regulations, AML/KYC norms, and insurance solicitation ethics.

- Filing and Documentation: Ensure timely and accurate submission of all periodic returns and compliance reports required by the regulators.

Required Technical Skills:

- Regulatory Mastery: Deep understanding of SEBI (Investment Advisers, Mutual Funds, Stock Brokers) and IRDAI (Protection of Policyholders' Interests, Corporate Agency) regulations.

- Legal Drafting: Proficiency in drafting legal compliance manuals, board notes, and responses to show-cause notices.

- Audit & Inspection: Experience in managing large-scale regulatory audits and responding to technical observation letters.

- Analytical Thinking: Ability to synthesize complex legal language into actionable business logic.

- Compliance Tooling: Familiarity with compliance management software and regulatory filing portals.

Key Competencies:

- Adaptable: Capable of pivoting strategies in response to sudden regulatory shifts or market volatility.

- Empathy: Ability to lead with understanding when collaborating with cross-functional teams to resolve compliance bottlenecks.

- Integrity: Maintaining an uncompromising stance on ethical standards and regulatory transparency.

- Detail-Oriented: A rigorous approach to reviewing fine-print documentation to prevent inadvertent compliance breaches.

Preferred Qualifications:

- Education: A Masters degree in Finance or Law (LLM) is highly preferred.

- Membership in the Institute of Company Secretaries of India (ICSI) is a significant advantage.

- Industry Experience: Proven track record in the compliance department of a Scheduled Commercial Bank, Tier-1 AMC, or Insurance company.

- Certifications: Specialized certifications in Financial Compliance or Risk Management