3 Days Left Compliance Officer – Stock Broking

Job Title: Compliance Officer – Stock Broking & Depository Participant

Department: Compliance

Reports To:Senior Manager

Location:Vadodara, Surat, Ahmedabad & Rajkot

Purpose of the Role:

To ensure the company's complete adherence to all regulatory and statutory requirements prescribed by SEBI, Stock Exchanges (NSE, BSE), Depositories (CDSL), and other applicable regulators. The Compliance Officer serves as a bridge between the company and regulators and plays a critical role in risk mitigation, compliance reporting, and ethical governance.

Key Responsibilities:

1. Regulatory Compliance & Reporting:

- Ensure full compliance with SEBI, NSE, BSE, CDSL, and PMLA guidelines.
- Monitor daily operations and reporting to ensure adherence to all circulars and directives from regulatory bodies.
- File periodic regulatory reports such as:
- SEBI Monthly/Quarterly/Annual reports (e.g., CIR/MIRSD/...)
- Relevant Exchange's surveillance and compliance reports.
- Depository participant audit reports, transaction reports, reconciliation statements, etc.

2. Compliance with SEBI Stock Broker and DP Regulations:

- Maintain and update internal policies in accordance with SEBI Stock Broker & DP Regulations.
- Monitor and supervise activities related to:
- Client onboarding (KYC, In-person verification, IPV)
- Risk profiling
- PMLA checks and AML procedures.
- Ensure due diligence and timely update of KRA/CKYC records.

3. Surveillance and Risk Management:

- Monitor client trades and activities for any suspicious or manipulative behaviour.
- Track alerts on insider trading, front running, circular trading, etc., and escalate them appropriately.
- Respond to Exchange or SEBI queries on surveillance issues and client activities.
- Liaison with RMS Team for Setting up daily limits of clients

4. Internal Audits, Inspections, and Reviews:

- Facilitate and coordinate half-yearly internal audits as mandated for Brokers and DPs.
- Conduct mock inspections and compliance testing across all departments.
- Prepare for and coordinate regulatory inspections (SEBI, Exchanges, Depositories).
- Ensure timely resolution of audit and inspection observations.

5. Documentation and Record Keeping:

- Maintain statutory registers, records, and communication logs as per regulatory requirements.
- Ensure retention and security of client documentation, logs, and transaction records.
- Maintain logs of regulatory circulars and implementation records.

6. Client Compliance & Grievance Redressal:

- Ensure proper mechanism for handling and tracking investor complaints.
- Respond to client complaints on SCORES (SEBI Complaint Redressal System) within timelines.
- Maintain grievance registers and generate reports as needed.

7. Training & Awareness:

- Conduct regular compliance training for employees across departments.
- Disseminate regulatory circulars and internal SOPs to concerned stakeholders.
- Ensure functional understanding of compliance obligations by all staff.

8. Reporting to Board & Management:

- Submit compliance reports and risk summaries to the Board of Directors and Compliance Committees.
- Update management on changes in regulatory frameworks and their impact on business processes.

9. Business Process Compliance:

- Monitor and validate client fund segregation, margin collection, and payout processes.
- Ensure fair pricing and transparency in brokerage, DP charges, and service offerings.
- Ensure systems and process compliance with cybersecurity frameworks for market intermediaries.
- Allocation of client's funds to clearing Corporation

10. Liaison with Regulators:

- Act as point of contact with SEBI, Exchanges, Depositories for all compliance and regulatory matters.
- Ensure timely responses to show cause notices, clarifications, and regulatory correspondence.

Key Skills & Qualifications:

Educational Qualification:

- Graduate/Postgraduate in Commerce, Law, or Finance.
- Preferred: LLB /MBA Finance / Certified Compliance Professional

Experience: Minimum

- 5–8 years in compliance roles within Stock Broking / DP operations.

Technical & Functional Skills:

- Strong understanding of SEBI (LODR, SCRA, DP Regulations)
- Familiarity with NSE/BSE systems, CDSL platforms (e.g., DPM/IDEAS/CDAS)
- Knowledge of PMLA, AML/CFT, and FATCA guidelines
- Proficiency in compliance software/tools, SCORES portal

Behavioural Skills:

- High integrity and ethical conduct
- Attention to detail
- Excellent communication (verbal and written)
- Strong analytical and problem-solving skills

Regulatory Mandates:

- Must be designated as Compliance Officer as per SEBI regulations and report under SEBI (Stock Broker) Regulations and SEBI (DP) Regulations.
- Must not be engaged in any sales, marketing, or trading activity to maintain independence.

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