Role Overview :

We are looking for a Compliance Manager for one of our clients, a venture capital organization.

This role will be responsible for ensuring full regulatory and statutory compliance for the fund management business under IFSCA (GIFT City) and SEBI regulations. The role involves overseeing all aspects of AIF Category II compliance, governance, audit coordination, filings, and liaison with regulators.

The ideal candidate will have hands-on experience managing compliance frameworks for AIFs, Fund Management Entities (FMEs), Portfolio Managers, or Investment Advisers, and a deep understanding of applicable financial, legal, and operational standards.

Key Responsibilities

Regulatory Compliance & Governance

- Ensure compliance with all relevant laws and guidelines under IFSCA (Fund Management) Regulations, SEBI (AIF) Regulations, and Companies Act.

- Monitor regulatory changes, circulars, and guidelines from IFSCA, SEBI, and MCA, and implement necessary policy updates.

- Prepare, review, and file periodic reports, disclosures, and returns to IFSCA, SEBI, RBI, and other statutory authorities.

- Develop and maintain a compliance calendar, ensuring timely submission of all filings and reports.

- Draft, review, and maintain fund documentation, compliance manuals, internal policies, and SOPs.

AIF / Fund Management Oversight

- Oversee day-to-day compliance for Category II AIF activities, including fund setup, investor onboarding, drawdowns, and capital calls.

- Ensure due diligence and KYC/AML checks are conducted in accordance with applicable regulations.

- Liaise with custodians, fund administrators, trustees, and auditors for ongoing fund operations and reporting.

- Support the Principal Officer and senior management in ensuring fund-level governance and documentation integrity.

Audit & Risk Management

- Coordinate statutory, internal, and compliance audits and ensure timely closure of audit observations.

- Identify, assess, and mitigate potential compliance risks across fund operations.

- Maintain internal controls and ensure adherence to compliance and anti-money laundering (AML/CFT) frameworks.

Regulatory Liaison & Reporting

- Interface with IFSCA, SEBI, and other regulatory authorities for compliance filings, renewals, clarifications, and inspections.

- Prepare board presentations, compliance status reports, and periodic MIS for senior management.

Requirements

Education:

- CS/CA/LLB.

Experience:

- 6-12 years in Compliance / Legal / Regulatory Affairs within an AIF, AMC, PMS, or Financial Institution.

- Direct experience with IFSCA / SEBI / RBI regulations is essential.

Knowledge:

- Deep understanding of AIF Regulations, Fund Management Entity (FME) framework, and GIFT City operational guidelines.

- Familiarity with FEMA, KYC/AML, FATCA, and cross-border compliance norms.

Skills:

- Strong legal interpretation and drafting ability.

- Excellent communication, stakeholder management, and reporting skills.

- High attention to detail, confidentiality, and integrity