Compliance Officer - Stock Broking Business - LLB

Overview:

To ensure the firm's compliance with all IFSCA, SEBI, RBI (FINRA and SEC exposure will be an added advantage) rules and regulations by providing necessary advice, training and risk assessment pertaining to all of the firm's broker/dealer, ATS and exchange activities. The position is responsible for implementing all required policies and procedures regarding all business activities done at a firm level with respect to global investing from the IFSCA region.

Compliance officer plays a very crucial role in ensuring all functional units are duly guided during the development life cycle of the new product along with regular maintenance of the product on the platform. The unit also plays a very important role in managing the compliance requirements as per new regulatory guidelines from RBI, SEBI, IFSCA, etc. and ensuring implementation of the same in various different products offered on the product services. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm & compliance control environment.

Should have experience with:

- Private Markets, helpful if experienced in various fund Regulation

- Equities

- Fixed Income

- Alternative Trading Systems/Exchanges

- Knowledge of securities rules and regulations covering operating procedures and customer protection.

- Working knowledge of securities registration and membership requirements for IFSCA member firms.

Responsibilities:

- The candidate will be required to lead the Compliance team of the company covering Stock Broking business. Maintain oversight of the developments in the Stock Broking regulatory environment to proactively manage the potential regulatory risk/aml risk/kyc risk/ops risk / exposure of affected divisions/departments.

- Develop and maintain all relevant Policies and Procedures based upon regulatory requirements, industry practices and established internal controls, including client onboarding, KYC, AML, CIP, BCP, insider and personal account handling, disclosures.

- Perform all daily, weekly, monthly and quarterly compliance reviews (including transaction reviews).

- Develop and implement necessary risk assessment reviews including internal audits and automated surveillance/monitoring programs to review the firm's activities to remain in compliance with all aspects of industry standards (i.e. from sales practices to trading activity).

- Implement and maintain the mandated Anti-Money Laundering program covering the Broker/Dealer activities.

- Provide Compliance approval of all new accounts regarding "Know Your Customer" and the firm's Customer Identification Procedures.

- Provide advice and training to the firm's management and employees regarding applicable securities rules, regulations and firm policies.

- Demonstrate excellent communication skills, both oral and written. Should have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents. Must be able to correspond with all regulators and auditors.

- Work as liaison to the firm's management and legal counsel to ensure appropriate support if needed for any and all litigation, arbitration, reparation proceedings and all other regulatory, criminal and civil matters revolving around the firm's Broker/Dealer activities.

- Demonstrate ability to effectively analyze situations, absorb large amounts of information and apply past experience and judgment to resolve issues in a timely manner

- Develop implement and monitor supervisory policies and procedures relating to sales, trading, operations, custody and placement of applicable securities

- Oversee trade related compliance activities, including the reporting for fixed-income and equity securities, attend best execution committee meetings, and raise compliance concerns to the Management Committee

- Supervision of Back Office Operations (including client onboarding, trading, placement)

- Advise business/support units on IFSCA/ Exchange regulations, rules and standards, including keeping them informed of the developments in this area

Requirements:

- Bachelor's degree in Law (LLB) from a recognized Indian university.

- Minimum of 8-12 years' experience in securities compliance and/or legal experience in securities compliance, emphasis on sales and sales trading, institutional, retail, fixed-income, options and hedge fund activities

- Fluent with all current IFSCA/SEBI issues and concerns

- Working knowledge of IFSCA, SEBI and Exchange rules and regulations

- Strong knowledge of Indian laws and regulatory framework

- Ability to work independently and handle multiple tasks simultaneously in a fast-paced environment.

- Strong teamwork and collaboration skills.

Besides skills we are looking:

- Startup and Entrepreneurial mindset.

- Execution oriented.

- Ability to think big.

- Collaborative mindset.

What does the company bring to the table:

- Opportunity to do what your current firm may be hesitant to do.

- An informal and self-managed work culture.

- Freedom to experiment with new ideas and technologies.

- A highly motivating work environment where you learn exponentially and grow with the organization.

- An opportunity to create an impact at scale.