Opening in one of the leading Private wealth firm in Bangalore

Position - Lead Compliance - Private wealth management (National Head role)

Role Overview:

This pivotal role as Lead Compliance in Private Wealth Management will be instrumental in safeguarding the firm's adherence to regulatory standards and ethical practices within a dynamic financial landscape. The individual will be responsible for developing, implementing, and overseeing robust compliance frameworks specific to private wealth management activities. This involves providing expert guidance to business units, engaging with senior management on regulatory matters, and ensuring all operations align with the latest legal and industry requirements. The impact of this role is critical in mitigating regulatory risks, preserving the firm's reputation, and fostering a culture of integrity and transparency for clients and stakeholders.

Key Responsibilities:

- Develop and implement comprehensive compliance policies and procedures tailored for private wealth management, ensuring alignment with regulatory mandates.

- Provide expert advisory on SEBI regulations, PMLA, FATCA, CRS, and other relevant financial laws to wealth managers and business heads, enabling informed decision-making.

- Conduct thorough compliance reviews, risk assessments, and internal audits to proactively identify and address potential regulatory gaps and vulnerabilities.

- Oversee the meticulous onboarding and ongoing monitoring processes for high-net-worth clients, ensuring stringent AML/KYC compliance and due diligence.

- Act as the primary liaison for regulatory inquiries, inspections, and reporting requirements, ensuring timely and accurate submissions to authorities.

- Lead and deliver impactful compliance training programs for wealth management teams and other relevant staff, fostering a strong culture of regulatory awareness.

- Monitor the evolving regulatory landscape and industry best practices, proactively adapting internal controls and frameworks to maintain continuous compliance.

- Guide and mentor a team of compliance professionals, fostering their development and expertise in navigating complex regulatory environments.

Required Skillset:

- Deep and practical expertise in Indian financial regulations, specifically SEBI (Investment Advisers, Portfolio Managers), PMLA, FATCA, and CRS, within the private wealth management sector.

- Proven ability to conceptualize, implement, and manage comprehensive compliance programs effectively.

- Exceptional analytical and problem-solving capabilities to navigate intricate regulatory challenges and provide actionable solutions.

- Strong communication and interpersonal skills, enabling effective advisory to senior leadership, engaging training delivery, and confident interaction with regulatory bodies.

- Demonstrated leadership qualities, including the ability to mentor, guide, and inspire a team of compliance professionals.

- A Bachelor's or Master's degree in Law, Finance, Commerce, or a related discipline from a reputable institution , added advantage. Relevant professional certifications (e.g., NISM, CAMS) are highly valued.

- Ability to operate with precision and adaptability in a fast-paced, highly regulated environment, working on-site in Bangalore.