Deputy Manager - Compliance - BFSI

Essential: CA /CS/MBA/ICWA degree

Role Requirements: Knowledge of financial and capital markets

- Knowledge of statutory requirements applicable to the financial markets

Exp: Essential - 4-5 years of experience

Desired - Relevant experience in activities relating to compliance in financial services

Purpose of the role:

- To ensure continuous adherence to regulatory norms for new and continuing membership compliance processes

- To initiate and ensure smooth and timely conduct of various internal and SEBI mandated committee meetings.

- To support handle member queries within TAT defined, track delays, analyse trends/ patterns in member queries/ non-compliance areas. Escalate the exceptions and recommend operational solutions.

- To maintain operational level relationship with regulators and internal interfaces including

Regional Offices

Key Responsibilities

Portfolio I: New membership and Additional Segment Registration (NSEIL & NSCCL)

Facilitate conducting of Membership Recommendation Committee (MRC) and Membership Selection Committee (MSC) meeting.

- Prepare offer letters and demand advice to be sent to the MSC approved members.

- Send the application to SEBI for registration of the member after detailed due diligence and compliance checks as per the internal policies.

- Approvals for membership in additional segment for the existing members of NSEIL and NSCCL

Portfolio II: Subbroker related activities

Process application pertaining to registration, cancellation, change in affiliation, change in address, change in status and change in constitution of sub-brokers.

- Reconcile the records with SEBI for sub-broker renewal fees.

- Uploading the details on SEBI portal and updation of membership database w.r.t. sub-broker details.

- Facilitate conducting of Sub-broker Recommendation Committee (SRC) meeting.

Portfolio III: Surrender of membership /Voluntary Disablement /Reenablement related activities

Process applications pertaining to total surrender /Segmental Surrender/ Voluntary Disablement and re-enablement of Membership.

- Send the application to SEBI for surrender of membership after due diligence and compliance checks as per the internal policies.

- Issue of Public Notification and refund/blocking deposits of the member and release of the deposits after the lock-in period.

- Updation of membership database for change in status, details of surrender of membership and FDR details.

Portfolio IV: Continuing membership related activities

Monitor and Implement Orders passed against the members by SEBI / SAT etc.

- Scrutinize the Advertisements to be issued by the members to ensure compliance with all regulatory norms.

- Monitor Networth of the Members and initiate action in case of non compliance

- Daily and Monthly Sign-off for Margin Trading and Client Funding activity respectively

- Issue Status Report and Membership Certificate based on Member request

- Process Members request for trade through other members