Manager - Operations & Compliance - AIF
Posted 1 week ago
Posted 1 week ago
Description:
Position Overview:
We are seeking a qualified Chartered Accountant to manage fund operations and regulatory compliance for our Alternative Investment Fund(s) registered with IFSCA/SEBI. The role involves ensuring seamless fund operations, maintaining regulatory compliance across multiple jurisdictions, and coordinating with various stakeholders including investors, regulators, service providers, and internal teams.
Key Responsibilities:
Regulatory Compliance & Reporting:
- Ensure ongoing compliance with IFSCA regulations, SEBI AIF Regulations, SEZ Act, GST, and Income Tax provisions
- Monitor and track regulatory developments and circulars; assess impact and implement necessary changes
- Prepare and submit periodic compliance reports to the Board of Directors, Trustee, and regulatory authorities
- Manage regulatory filings including:
- RCMC (Registration Cum Membership Certificate) renewals
- Service Export Reporting to SEZ authorities
- Monthly Investment & Employment Reports
- Annual Performance Reports (APR)
- BLU (Bank-Led Unit) compliance submissions
- Maintain statutory registers, compliance calendars, and secretarial documentation in accordance with applicable regulations
Fund Operations Management:
- Oversee end-to-end investor operations including:
- KYC, AML, FATCA, and CRS verification and periodic reviews
- Subscription processing and capital call/drawdown management
- Distribution processing and investor payouts
- Unit allotment, transfer, and redemption activities
- Coordinate with Fund Administrator for:
- NAV calculation and validation
- Investor onboarding and maintenance
- Investor reporting and communications
- Monitor banking transactions, fund flows, and conduct regular bank reconciliations
- Support preparation of investment receipts documentation and investor statements
Stakeholder Coordination & Documentation:
- Liaise with external stakeholders including:
- Statutory and internal auditors
- IFSCA, SEBI, SEZ authorities, and other regulators
- Custodians and fund administrators
- Bankers and payment service providers
- Legal counsels and tax advisors
- Coordinate Board meetings, Trustee meetings, and Investment Committee meetings; prepare agendas, notes, and minutes
- Support documentation for trustee submissions, investor reporting, and regulatory inquiries
Process & System Development:
- Develop, document, and refine Standard Operating Procedures (SOPs) for fund operations and compliance
- Build internal compliance trackers, checklists, and workflow systems
- Identify process improvement opportunities and implement automation where feasible
- Support implementation and upgrades of fund accounting and compliance software
SEZ & IFSC Entity Compliance:
- Manage SEZ/IFSC entity-level compliances including lease agreements, renewals, and statutory submissions
- Ensure compliance with SEZ operational requirements and periodic audits
- Coordinate with SEZ authorities for approvals, reporting, and inspections
Fund Registration & Licensing:
- Support applications for new fund registrations, scheme launches, and regulatory approvals
- Manage documentation and liaison for fund structure changes, manager registrations, and key personnel approvals
- Track renewal timelines for registrations, licenses, and certifications
Educational Qualifications & Experience:
Essential:
- Qualified Chartered Accountant (CA) from the Institute of Chartered Accountants of India (ICAI)
- 3 to 5 years of post-qualification experience in fund operations, compliance, fund administration, or with an Alternative Investment Fund / Asset Management Company
Preferred:
- Prior experience with SEBI-registered AIFs or IFSCA-regulated funds
- Exposure to SEZ operations and compliance
- Experience working with fund administrators, custodians, or audit firms serving the funds industry
Skills & Competencies:
Technical Skills:
- Strong understanding of SEBI AIF Regulations, IFSCA Act and regulations, and fund structures
- Working knowledge of GST, Income Tax, FEMA, and related compliance for funds
- Familiarity with KYC/AML norms, FATCA/CRS reporting requirements
- Understanding of NAV calculation methodology and fund accounting principles
- Proficiency in MS Excel, fund accounting software, and compliance management tools
Soft Skills:
- Excellent attention to detail and ability to manage multiple deadlines
- Strong written and verbal communication skills
- Ability to coordinate effectively with internal teams and external stakeholders
- Problem-solving mindset with a process-oriented approach
- High integrity and commitment to regulatory compliance
Key Performance Indicators (KPIs):
- Timely and accurate submission of all regulatory filings and reports
- Zero regulatory non-compliance or penalty incidents
- Smooth processing of investor transactions within defined TAT
- Successful completion of internal and statutory audits with minimal observations
- Timely coordination and closure of auditor, regulator, and trustee queries
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