JOB DESCRIPTION:

Job Title (Role): Team Member - Compliance

Reports to: Compliance Officer and Head Legal/ DVP - Compliance

Number of Direct Reportees: 0

Vertical: 2

Department: Legal & Compliance

Function: Legal, Arbitration & Compliance

Sub Function: Compliance

Location: Mumbai (BKC)

Position Grade Range: Senior Manager

JOB PURPOSE:

To ensure the organization complies with applicable regulatory requirements and internal policies by effectively monitoring, assessing, and implementing compliance frameworks. The role supports the development and implementation of a robust compliance culture within the depository firm while liaising with regulators and internal stakeholders to manage risk and ensure adherence to statutory obligations.

JOB ROLE:

- Maintain up-to-date knowledge of SEBI circulars and notifications relevant to depository operations.

- Review and drafting of all Regulatory policies.

- Drafting and review of all agenda and minutes of the Regulatory Committee meetings like PID, ROC, Board etc.

- Monitor changes in regulatory frameworks issued by SEBI, RBI, and other applicable bodies and initiate implementation.

- Review and ensure maintaining accurate and up-to-date records of all regulatory correspondences and filings.

- Track and close audit findings related to compliance matters in a timely manner.

- Prepare compliance reports for internal stakeholders and the Board/Audit Committee.

- Conduct internal compliance reviews and support audits and inspections conducted by regulators.

- Act as a liaison with SEBI and other regulatory authorities for compliance-related matters.

- Coordinate with internal departments for data collation, report preparation, and compliance implementation.

- Ensure timely and accurate filings with SEBI under various regulations including LODR, PIT (Prohibition of Insider Trading), and others.

- Implement, monitor, and periodically review the internal Code of Conduct and Insider Trading policies.

- Maintain trading windows and oversee pre-clearance and disclosures of trades by designated persons.

- Conduct training and awareness programs for employees and designated persons on Insider Trading norms and Code of Conduct.

- Any other responsibilities for ensuring/adding value to the compliance function which may be entrusted by the company from time to time.

EDUCATION QUALIFICATION AND EXPERIENCE:

- Graduate in Law (LLB)/ Commerce and Company Secretary (CS)/ Postgraduate with more than 15 years of experience in core compliance function of an MII may be considered.

- Certifications related to compliance, financial regulations, or securities laws (e.g., NISM certifications) will be an added advantage.

- 8-12 years of experience in compliance, legal, audit, or regulatory functions in a Market Infrastructure Institution, financial services company, regulatory body, or consulting firm.

PERSONAL ATTRIBUTES:

- High integrity and professional ethics.

- Strong attention to detail and accuracy.

- Proactive and self-driven with the ability to work independently.

- Sound judgment and decision-making abilities.

- Resilient and able to handle pressure and sensitive situations discreetly.

OTHER REQUIREMENT:

- Strong drafting and communication skills (verbal and written).

- Proficiency in MS Office (Word, Excel, PowerPoint).

- Ability to manage multiple tasks and meet tight deadlines.

- Willingness to continuously learn and keep updated on regulatory changes.

FUNCTIONAL COMPETENCIES:

- Thorough understanding of securities market regulations and compliance frameworks.

- Strong knowledge of SEBI regulations, especially those applicable to MIIs.

- Experience in drafting compliance policies and frameworks.

- Risk identification and mitigation strategies.

- Familiarity with regulatory reporting systems and audit procedures.

BEHAVIOURAL COMPETENCIES:

- Integrity & Ethics: Upholds compliance culture and organizational values.

- Analytical Thinking: Able to interpret complex regulations and assess implications.

- Collaboration: Works effectively with cross-functional teams and stakeholders.

- Accountability: Takes ownership of responsibilities and commitments.

- Communication: Communicates clearly with regulators, peers, and senior management.

- Adaptability: Adjusts to regulatory and operational changes swiftly.