Compliance Officer - CS/LLB

Compliance Officer

About Stable-Alpha:

Stable-Alpha aims to build India's most trusted wealth tech platform, focusing on fixed-income investments. We're here to offer tailored solutions to retail investors that maximize and generate predictable returns, coupled with a sacrosanct focus on risk reduction.

The household financial assets in India are overwhelmingly dominated by fixed income instruments and are typically low yielding, tax inefficient products. Alternate fixed income products are nuanced and often complex, which presents an opportunity for a platform like ours to simplify fixed income investing for the end user through discoverability, demystification and analytics driven custom fixed-income portfolios.

The tailwinds of a rising interest rate environment and a choppy stock market makes this a great time for a platform like ours to be launched into the market.

Our offerings for retail investors would range from fixed deposits, debt mutual funds to NCDs and structured products.

Our Investors:

We are an early-stage startup which has just closed its seed round of USD 5 mn, with two marquee VCs, Matrix Partners and Lightspeed Venture Partners leading the round. We are also backed by several notable angel investors who have built large businesses in India.

Founders:

- Saurabh Jain is a graduate from IIT Bombay who has previously worked as the CEO of Navi Mutual Fund and previously as the chief of staff to the CEO at Swiggy was leading its expansion into 500+ cities.

- Harish Reddy, is a graduate from IIT Bombay and has deep expertise in building wealth product strategy. He was leading product strategy and the tech implementation at Estee Advisors.

- Both founders have extensive experience in wealth-tech businesses and complement each other to help build a scalable and value accretive business.

Why work with Stable-Alpha?

- The culture at Stable-Alpha would be very entrepreneurial with a flat hierarchy and we promise to promote a welcome, open and inquisitive culture where issues and ideas are discussed freely and frankly without a fear of disapproval.

- You will be presented with unique opportunities to innovate and challenged to work and learn new things every day. Stable-Alpha presents a great opportunity to be a part of the founding team and participate in the 0 to 1 journey of an exciting fintech business.

Compliance Officer:

As the Compliance Officer, you will be responsible for ensuring that the company complies with all applicable Companies Act, SEBI & AMFI's laws and regulations, and industry standards related to stock broking operations, Mutual Fund Operations. You will also be responsible for developing and implementing compliance policies and procedures to minimize risk and ensure the smooth operation of the business.

Responsibilities:

- Develop and implement compliance policies and procedures that align with industry standards and regulatory requirements.

- Liasioning with VC Partners and Angel Investors for monthly reports, MIS and updates.

- Submission of various monthly/quarterly reports to Exchange & SEBI.

- Compliances under AML, PIT & KYC regulations specified by SEBI & RBI.

- Liasioning with Exchange and regulators for various matters.

- Vetting of Marketing Material as per MF/Stock broking regulations.

- Submission of ad hoc reports to SEBI, AMFI & RBI

- Vetting of Partnership Agreements

- Monitor regulatory developments and assess the impact on the company's operations.

- Conduct regular audits and reviews of the company's compliance programs to ensure that they are effective and up-to-date.

- Collaborate with the external stakeholders to provide guidance on regulatory requirements and develop strategies for Business.

- Provide training and education to employees on compliance matters and ensure that they understand the company's compliance policies and procedures.

- Investigate and resolve compliance-related issues and concerns raised by employees, customers, or regulators.

- Maintain accurate and up-to-date records of compliance-related activities, including audits, investigations, and training.

- Coordinate and communicate with external auditors and regulatory agencies as necessary.

Requirements:

- Qualified Company Secretary with a degree of Law.

- At least 3-5 years of experience in compliance, preferably in the Capital Market Intermediaries (Mutual Fund, Merchant Banker, Stock broking, PMS, AIF, RIA, RTA, Stock Exchange etc.)

- Excellent analytical and problem-solving skills.

- Strong written and verbal communication skills.

- Ability to work independently and as part of a team.

- Attention to detail and a commitment to accuracy.

- Ability to manage multiple priorities and deadlines.

- Strong interpersonal skills and the ability to work effectively with employees at all levels of the organization.