SPEC Finance

Job Title: Compliance Officer

Location: GIFT City, Gujarat

Reports to: CEO / Board of Directors

Employment Type: Full-Time

Job Summary:

- The Compliance Officer is a key managerial role responsible for ensuring the Fund Management Entity (FME) operates in full compliance with the IFSCA Fund Management, Capital Market Intermediaries Regulations, and other applicable laws and guidelines.

- The Compliance Officer oversees the implementation of regulatory and compliance frameworks, monitors adherence to IFSCA requirements, and ensures robust governance and risk management practices.

- Based in GIFT City, the Compliance Officer will work closely with the Principal Officer to maintain regulatory integrity and safeguard the interests of investors and stakeholders.

Key Responsibilities:

- Ensure compliance with all provisions of the IFSCA (Fund Management) Regulations, and IFSCA (Capital Market Intermediaries) Regulations, including timely submission of annual compliance audit reports by September 30 each year.

- Develop, implement, and monitor compliance policies, procedures, and internal controls to align with IFSCA guidelines and the fund's operational framework.

- Conduct regular compliance reviews and audits to ensure adherence to regulatory requirements, including those for Venture Capital Schemes, Restricted Schemes, Retail Schemes, ETFs, REITs, or InvITs.

- Act as a key point of contact for IFSCA and other regulatory bodies, facilitating inspections, inquiries, and submission of required reports and disclosures.

- Monitor and report on regulatory changes, including updates proposed in the IFSCA Consultation Paper published by time to time basis, and ensure timely adaptation of the fund's processes.

- Oversee the preparation and submission of accurate and timely regulatory filings, including placement memoranda, scheme documents, and compliance reports.

- Advise the Principal Officer and fund management team on compliance- related matters, ensuring all activities are conducted within the IFSC framework.

- Implement and monitor risk management protocols to mitigate compliance and operational risks.

- Ensure proper documentation and record-keeping as per IFSCA requirements, including investor communications and disclosures.

- Conduct training programs for staff to promote awareness of regulatory and compliance obligations.

- Ensure the fund house (FME) meets the "fit and proper" criteria as defined by IFSCA, including ongoing monitoring of key personnel.

Qualifications:

- A professional qualification, post-graduate degree, or post-graduate diploma (minimum 1 year in duration, as proposed in the IFSCA Consultation Paper) in finance, law, accountancy, business management, commerce, economics, capital market, banking, insurance, or actuarial science from a university or institution recognized by the Central Government, any State Government, a recognized foreign university, institution, or association; OR

- A certification from an organization, institution, association, or stock exchangerecognized/accredited by IFSCA or a regulator in India or a foreign jurisdiction;

OR

- Membership of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India, Institute of Cost Accountants of India, or an equivalent institution in a foreign jurisdiction.

Experience:

- At least 5 years of experience in compliance-related fields is required, specifically in supervisory and managerial positions within the securities market or financial products, encompassing roles such as portfolio management, broker-dealer, investment advisory, wealth management, research analysis, or fund management.

- For candidates with membership in the Institute of Company Secretaries of India or an equivalent foreign institution, a minimum of 3 years of experience in compliance or risk management in an entity regulated by a financial sector regulator or a listed company is acceptable, as proposed in the IFSCA Consultation Paper.

- Comprehensive understanding of IFSCA regulations, encompassing the IFSCA (Fund Management) Regulations, 2022, and the IFSCA (Capital Market Intermediaries) Regulations, 2025.

- Proven expertise in developing and implementing compliance and risk management frameworks.

- Experience in international financial services or cross-border compliance is
highly desirable.

Skills and Competencies:

- Strong understanding of regulatory frameworks and compliance processes in financial services.

- Excellent analytical skills with attention to detail in monitoring and reporting.

- Outstanding verbal and written communication skills for regulatory and stakeholder interactions.

- High level of integrity, professionalism, and commitment to ethical standards.

- Ability to work collaboratively with the Principal Officer and fund management team.

- Proficiency in compliance management tools and financial software.

- Additional Requirements

- Must be based in GIFT City, Gujarat, as required by IFSCA regulations for Key Managerial Persons (KMPs).

- Availability to travel domestically and internationally as required for regulatory or business purposes.

- Certification from institution(s) specified by IFSCA, if required, to meet ongoing professional development standards.

- Must meet IFSCA's "fit and proper" criteria, with no pending charges for economic offenses or convictions for offenses involving moral turpitude.