Role: Compliance Manager/ SR Manager

Department: Compliance

Function: Compliance

Level: SR Manager / Manager

Position Overview

The Compliance Manager will be responsible for ensuring that the organization adheres to all regulatory, legal, and operational requirements across retail broking and depository participant (DP) activities. This role involves overseeing compliance frameworks, handling regulatory interactions, managing investigations, and ensuring effective monitoring systems are in place to mitigate compliance risks.

Key Responsibilities

Regulatory Compliance & Reporting

- Ensure end-to-end adherence to regulatory requirements applicable to Stock broking and DP operations.

- Prepare, review, and submit various mandatory periodic reports and filings to stock exchanges (BSE, NSE, MCX, and NCDX) and regulatory bodies (SEBI, CDSL).

- Disseminate regulatory updates, circulars, and notifications across business units and ensure timely implementation of required changes.

- Develop, implement, and maintain an effective compliance monitoring system.

Audit & Inspection Management

- Coordinate and support all regulatory inspections, investigations, internal and external audits, concurrent audits, and branch audits.

- Prepare for audits/inspections and ensure timely closure of observations through effective corrective and preventive action plans.

- Communicate with regulatory officials and respond to notices, queries, and information requests from stock exchanges and regulators.

- Mentor and guide junior team members by sharing knowledge, conducting training, and helping them develop strong compliance awareness and skills.- Advice business and product teams on compliance requirements associated with new and existing products, processes, and client offerings.

Compliance Advisory & Risk Management

- Advice business and product teams on compliance requirements associated with new and existing products, processes, and client offerings.

- Identify potential risks of non-compliance and take proactive steps to mitigate them.

- Conduct ongoing supervision and compliance audits of business areas, ensuring all activities comply with regulatory standards.

Grievance Redressal & Legal Matters

- Handle and resolve investor grievances and complaints by coordinating with relevant internal teams and external authorities.

- Manage legal matters, including arbitration cases, and provide compliance-related support in litigation processes.

Operational Compliance & Coordination

- Oversee compliance with operational guidelines and maintain strong documentation to ensure readiness for any regulatory scrutiny.

- Ensure timely action on queries or observations received from exchanges, regulators, or auditors.

- Promote a culture of compliance through regular communication, training, and process enhancements.

Team Player / Collaboration

- Collaborate effectively with cross-functional teams-including operations, DP, Billing, settlement, KYC & product team to ensure seamless compliance implementation.

- Provide timely guidance and support to internal teams to help them understand regulatory requirements and adopt best practices.

- Foster a culture of openness and cooperation by encouraging teams to share information, escalate issues, and seek compliance support proactively.

- Work closely with senior management to align compliance objectives with organizational goals and ensure consistent communication across departments.

- Mentor and guide junior team members by sharing knowledge, conducting training, and helping them develop strong compliance awareness and skills.

Qualifications & Skills

- Graduate/postgraduate with relevant certifications in compliance, law, or finance

- Strong knowledge of SEBI regulations, stock exchange compliances, and DP operations.

- Experience in handling audits, inspections, legal cases, and investor grievance mechanisms.

- Excellent analytical, communication, and documentation skills.

- Ability to manage multiple tasks, work cross-functionally, and respond effectively under regulatory timelines.

Role Attributes

- Detail-oriented with a strong ethical framework.

- Proactive problem-solver with the ability to navigate regulatory complexities.

- Capable of driving compliance initiatives across teams and ensuring seamless implementation.