Compliance Manager

Compliance Manager – Stock Broking

Role Overview: This is a leadership position for a compliance expert to build, own, and lead the compliance function at a fast-growing, technology-driven stock broking firm. You will design systems and processes from inception, champion automation, and develop a talented compliance team to proactively address the evolving regulatory landscape.

Key Responsibilities

 Take ownership of the entire compliance function—design, develop, and implement policies, workflows, and systems, ensuring a robust compliance architecture from the ground up.

 Lead product management of compliance automation tools to reduce manual intervention in repetitive control and regulatory tasks.

 Maintain clear, concise, and effective communication with internal teams, external partners, and regulators for data needs, regulatory submissions, and reporting.

 Excel in a start-up environment—manage tight deadlines, shifting priorities, and ambiguous problem statements while maintaining regulatory discipline.

 Daily exchange fund/securities settlements, margin requirements, pay-in/pay-out procedures, and reconciliations in accordance with ICCL and other exchanges.

 Maintain strong industry networks to stay informed on SEBI and exchange circulars, amendments, and notifications; ensure timely implementation.

 Evaluate and oversee third-party vendors (back-office software, insurance, etc.) essential for fulfilling regulatory requirements.

 Prepare and guide for internal and external audits (IAR), regulatory inspections, and submission of required data and reports.

 Advanced operations handling CDSL DP System (EASIEST, CDAS), pledge creation for margins, reconciliations, and use of leading back-office software (Korp, Shilpi, LD, TechExcel etc.).

 Oversee KRA, CKYC, UCC uploads, and ensure timely and accurate onboarding.

 Ensure compliance with cybersecurity, insurance norms, and certificate submissions as required under half-yearly and periodic returns.

 Drafting of Standard Operating Procedures, Policy framework, Agreements/ Contracts with third-party vendors, distributors and service providers, Privacy Policies and Disclaimers etc.

Required Experience & Skills

 Experience: 8-12 years in broking compliance with proven track record in SEBI/Exchange regulations.

 Exchange Operations: Deep expertise in ICCL Fund settlements, margin & pay-in/pay-out process.

 Regulatory Liaison: Established relationships with exchanges, depositories, and an active industry network.

 Systems Mastery: Proficiency in industry-leading back-office software and CDSL DP Systems (EASIEST/CDAS).

 Audit & Reporting: Experience supporting audits, inspections, and regulatory submissions.

 Vendor Knowledge: Awareness of regulatory vendors for back-office/Cyber/Insurance.

 Regulatory Compliance: Mastery over SEBI, BSE/NSE, CDSL/NSDL regulations and circulars.

 Certifications: Mandatory NISM 3A (Compliance), additional NISM modules for Cash, F&O, Currency, Commodities strongly preferred.

 Leadership: Demonstrated ability to lead teams and contribute strategically.

Preferred Attributes

 Excellent analytical, problem-solving, and interpersonal skills.

 Strong initiative, ownership mentality, and decision-making abilities.

 Ability to thrive in high-pressure, deadline-driven, and dynamic start-up settings.

Job Types: Full-time, Permanent

Pay: ₹2,000,000.00 - ₹2,500,000.00 per year

Benefits:

• Health insurance
• Paid sick time
• Paid time off
• Provident Fund

Experience:

• Compliance management: 6 years (Required)

Work Location: In person