Chief Compliance Officer

Chief Compliance Officer (CCO)

Title: Chief Compliance Officer (CCO)

Entity:[Your Stock Brokerage/Depository Participant/Member of a Recognized Stock

Exchange]

Location:[Pune.]

[On-site]

The Chief Compliance Officer (CCO) is a critical Senior Management role,

• The CCO will be responsible for ensuring that our organization

complies with all external rules, regulations, and internal codes of conduct

governing the Indian securities market. This role demands a proactive leader with an

in-depth understanding of SEBI regulations, exceptional analytical skills, and the

authority to enforce a robust culture of compliance across all business functions.

Key Responsibilities

• Regulatory Compliance & Adherence:
• Ensure strict compliance with all applicable SEBI regulations, including but not

Limited To

• SEBI (Stock Brokers) Regulations, 1992
• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (Prevention of Fraudulent and Unfair Trade Practices) Regulations, 2003
• SEBI (KYC) Requirements & Anti-Money Laundering (AML) Standards
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• SEBI (Investment Advisers) Regulations, 2013 (if applicable)
• Stay abreast of new SEBI circulars, guidelines, and notifications, and implement

necessary changes in policies and procedures.

• Policy Framework & Implementation:
• Develop, implement, and review robust compliance policies, including the Code of

Conduct for Prevention of Insider Trading, Code of Conduct for Ethics, AML Policy,

and Privacy Policy.

• Design and implement a structured compliance monitoring program to test the

effectiveness of internal controls.

• Internal Controls & Risk Management:
• Conduct regular internal audits and risk assessments of all key business areas like

trading, sales, research, and back-office operations.

• Monitor employee personal trading accounts as per the Insider Trading norms.
• Scrutinize trading activities to detect and prevent potential market abuse, front-

running, or other fraudulent practices.

• Liaison & Reporting:
• Act as the single point of contact for all communications with SEBI, Stock

Exchanges (NSE, BSE), and Depositories (NSDL, CDSL).

• Ensure timely and accurate submission of all statutory returns, reports, and

disclosures as required by the regulators.

• Prepare and present detailed compliance reports to the CEO and the Board of

Directors/Compliance Committee on a quarterly basis, highlighting breaches, risks,

and the overall health of the compliance program.

Mandatory
Qualifications & Experience

• A Bachelor's degree in Finance, Commerce, or Law. A Master's degree

(MBA/Finance) or professional qualification (CA, CS, CFA, LLB) is highly preferred.

• A mandatory certification from the National Institute of Securities Markets (NISM)

as per SEBI requirements (e.g., NISM-Series-III A: Securities Intermediaries

Compliance (Non-Fund) Certification).

• Minimum of 7 to 10 years of relevant experience in the compliance function of a

SEBI-registered stock broker, merchant banker, or a related intermediary in the

Indian capital markets.

• Proven track record of directly handling SEBI, Exchange, and Depository

inspections and audits.

Important Notes For Hiring In India

• Mandatory Certification: The NISM-Series-III A certification (or its relevant

successor) is not just a preference; it is a regulatory requirement for a CCO in a

stockbroking firm. Ensure the candidate has it or is willing to obtain it immediately

upon hiring.

• SEBI's "Fit and Proper" Criteria: The candidate must meet SEBI's "Fit and Proper"

criteria, which includes a clean disciplinary record.

• Reporting Line: SEBI guidelines emphasize the independence of the CCO. The

reporting line to the Board/Compliance Committee is crucial and should be clearly

established.

• Liability: The CCO role carries significant responsibility and potential personal

liability under SEBI regulations, making it a high-stakes position.