Compliance Officer - Merchant Banking

JOB DESCRIPTION

Compliance Officer

JOB PURPOSE

(Briefly describe the general purpose of the position or its significance from the organisation's point of view and how it contributes to the overall mission/objective of the organization).

Compliance Officers has to promote ethical conduct and compliance with rules, regulations and standard processes that govern how the DCM team should conduct business. This applies to how financial transactions and trades are handled, how client accounts are maintained and processed and how the team operates as a business. The role requires actively staying on top of the latest laws, regulations and business trends and being able to translate these into requirements for the operation of the organization.

The candidate should have a deep understanding of the rules, regulations and processes relevant to the subscription, sales and trading of fixed income securities along with aspects of merchant banking compliances. The candidate should possess strong communication skills and the ability to manage multiple tasks.

PRINCIPAL ACCOUNTABILITIES

(List the responsibilities/duties associated with the job)

Accountabilities

Major Activities

Business Monitoring

a)To monitor the business to ensure it is operating according to applicable -:

regulatory requirements, (SEBI Regulations, DIP Guidelines, Companies Act etc.)

Internal policies and Standard Operating Processes

Providing regulatory advice and guidance regarding regulations and internal polices

Works closely with DCM team to provide analysis and a resolution on compliance matters

Tracks/documents compliance projects, registration requirements and compliance affirmations

Reporting

Preparing and maintaining a robust reporting and monitoring framework in line with external (SEBI, RBI etc.) and internal requirements

Reporting non-compliance issues to management & risk committees

Directing / Escalating compliance issues to appropriate resources for investigation

Liaisoning & Networking

Networking with other compliance officers in the industry in order to stay current with regulatory issues and leading practices.

Build a strong rapport with SEBI and other governing bodies including active engagement for requisite clarifications and approvals from time to time

Coordinating for enquiries and examinations

Conducts on-going surveillance, reviews and testing and maintains proper documentation of all reviews

Conducts/Coordinates internal and external (SEBI) audits, including follow-up actions

Assists with the coordination of inspections with various government and regulatory organizations

Researches and responds to regulatory inquiries, as necessary

Formulating/Updation of Internal policies

Identify possible areas of compliance risk and develop action plans for resolution

Drafting and implementing new policies and procedures and update existing policies and procedures

Providing advice on new business and product proposals (CTR) to identify and address compliance and regulatory risk

Training & Development

To develop and deliver training programs to increase understanding of regulatory requirements, compliance policies and ethical conduct within business lines

Ensuring active involvement of DCM in the development and maintenance of comprehensive written supervisory procedures by providing guidance

SKILLS AND KNOWLEDGE

(State the minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent).

Educational Qualifications and Experience

- MBA / CA/CS/LLB

- Minimum of 5+ years experience in fixed income compliance & operations

Functional Skills

- Networking skills with industry counterparts and also existing relations with regulators (SEBI, RBI)

- A good exposure to the product areas (including Corporate DCM, Financial Institutions DCM, Bond Syndication, Debt Advisory, Loan Markets, Secondary Loan Syndicate)

Other Skills- Communication/ Managerial

- Adherence to timelines and proactive attention to detail

- Strong communication and presentation skills including ability to make effective pitches in internal decision groups.

- Proactively managing all issues and bottlenecks to meet all timelines.

- Multi tasking across mandates and various stages of deal

- Ability to work both independently and in a team envi