Compliance Officer

Required a candidate from Stock Market field only. Broking compliances exposure is a must.

We are looking for a skilled and detail-oriented Compliance Officer to join our compliance team. This individual will be responsible for ensuring that our brokerage operations adhere to relevant financial regulations, industry standards, and internal policies. The Compliance Officer will play a critical role in monitoring, assessing, and enforcing compliance with regulatory requirements, managing risk, and supporting the integrity of our operations. The ideal candidate should have a strong understanding of stock broking, depository participation, and research analyst compliance, and be committed to maintaining the highest standards of compliance within the organization.

Key Responsibilities:

Regulatory Compliance Monitoring:

o Ensure the companys activities comply with all relevant regulations, provisions, and legal frameworks.

o Stay current with regulatory changes and industry developments to proactively address compliance risks.

Regulatory Inspections & Liaison:

o Conduct regulatory inspections related to SEBI, Stock Exchanges, and Depositories, including special and spot inspections.

o Verify data submitted by various departments, coordinate submissions to the Exchange, and respond to regulatory authorities as required.

o Assist internal auditors with regular and periodic audits across exchanges and depository participants, with expertise in internal and DP audits.

o Stay updated on circulars and guidelines issued by regulators like SEBI, NSE, BSE, MCX, and CDSL.

o Ensure adherence to trading terminal regulations set by exchanges.

Policy Implementation & Stakeholder Coordination:

o Assist internal stakeholders with the implementation of regulatory circulars issued by exchanges or depositories.

o Ensure the on-boarding process for trading clients is compliant, including EKYC procedures.

Compliance Deadlines & Reporting:

o Monitor compliance deadlines as per the compliance calendar, ensuring timely submissions to regulators, exchanges, and depositories.

o Distribute important communications and information to internal and external stakeholders.

o Handle the filing of all required returns, disclosures, declarations, and forms within prescribed timelines.

KYC, AML & PMLA Compliance:

o Monitor KYC, Anti-Money Laundering (AML), and Prevention of Money Laundering Act (PMLA) guidelines during the account opening process, ensuring adherence by the operations team.

o Coordinate follow-ups with exchanges to obtain necessary approvals.

Surveillance measure:

o Oversee the timely analysis of alerts from exchanges/CDSL and internal alerts, providing proper justifications and resolutions.

Client Complaints & Compliance Issues:

o Address and resolve client complaints related to compliance matters.

o Manage compliance tasks and issues on a monthly, quarterly, semi-annual, and annual basis, including exchange inspections.

Regulatory Updates & Implementation:

o Stay updated on new circulars issued by exchanges or SEBI and ensure proper implementation within the organization.

Qualifications:

Education:

o CA/CS/CMA/MBA/M.Com/LLB/B.Com or equivalent degree.

Experience:

o A minimum of 5 years of experience in a compliance role within a stock broking company.

o Strong knowledge of stock broking compliance, industry regulations, and compliance frameworks.

Preferred Attributes:

Certification in NISM Module IIIA, VI, and VII.

Experience with automated compliance tools or systems.

Key Competencies:

Strong understanding of stock broking, depository participation, and research analyst compliance.

Excellent communication and interpersonal skills for handling internal and external stakeholders.

Ability to stay organized, manage multiple tasks, and meet deadlines in a fast-paced environment.

Strong attention to detail and proactive problem-solving abilities.