Senior Manager/AVP - AML & Advertisement Compliance

Key Responsibilities

AML Compliance:

- Develop and enforce AML policies per PMLA, SEBI, and FIU-IND guidelines, including KYC/CKYC and client due diligence.

- Monitor transactions using compliance or surveillance tools, identify suspicious activities, and assist in filing reports (e.g., STRs) with FIU-IND.

- Conduct annual AML risk assessments and implement mitigation strategies for money laundering/terrorist financing risks.

- Ensure closure of alerts generated by Stock Exchange, Depository, and internal systems.

- Perform client risk profiling to categorize clients based on risk levels.

Advertisement Compliance:

- Review advertisements, promotional materials, social media content, and client communications per SEBIs advertisement code.

- Obtain prior approvals from NSE/BSE and verify digital ad identities.

- Monitor advertisement compliance to avoid penalties and align with SEBIs proposed common advertisement code.

- Partner with marketing to embed compliance in content creation workflows.

General Compliance:

- Understand SEBI (Stock-Brokers, IA, RA, DP) Regulations, covering trade surveillance, insider trading prevention, settlements, and periodic reporting (e.g., surveillance reporting, System Audit Reports).

- Preparing reporting documents with respect to SEBI/exchange inspections & Audit.

- Stay informed on regulatory updates via industry resources (e.g., seminars, SEBI circulars).

- Monitoring daily/weekly/Halfy-yearly/yearly compliance calendar with respect to StockBroker & DP regulation.

Collaboration and Reporting:

- Work with operations, legal, and marketing teams to integrate AML and advertisement compliance into workflows.

- Prepare and submit AML and advertisement compliance reports to the Compliance Officer annually and as needed.

- Mentor junior staff on AML and advertisement guidelines, aligning with industry standards.

Required Qualifications and Experience

- Bachelors degree in Law (LLB), Commerce, Finance, or related field; postgraduate qualifications.

- 8-12 years of experience in compliance within stockbroking, with at least 4-5 years in AML and 2-3 years in advertisement/marketing compliance.

- Certifications: NISM Series XXIV (AML and CFT Provisions in Securities Markets) highly preferred;.

- Proven expertise in PMLA, FIU-IND reporting, SEBI advertisement codes, and exchange guidelines.

Key Skills and Competencies

- Deep knowledge of PMLA, FIU-IND reporting, SEBI advertisement regulations, and familiarity with SEBI/exchange rules (Stock-Brokers, IA, RA, DP).

- Strong analytical skills for transaction monitoring, risk profiling, and alert closure using compliance tools.

- Detail-oriented review skills for content and approvals.

- Proficiency in digital compliance tools, platforms (e.g., trackwizz).

- Excellent communication for training, reporting, and regulatory coordination.

- Proactive risk identification and ethical decision-making