Senior Compliance Manager

Job description

As Sr Manager/Associate Director – Compliance, you will own the end-to-end regulatory compliance framework for INDmoney's capital market intermediary business. You will ensure adherence to Securities Laws, Depositories Act,Stock Exchange Byelaws, Stock Broking Regulations, Anti-Money Laundering (AML) Act, CDSL rules, and all other applicable regulations. This is a senior role requiring deep domain expertise, strong stakeholder management, and the ability to build scalable compliance infrastructure in a fast-growing fintech environment. Education: Qualified Company Secretary (CS) or MBA (Finance / Law preferred) Location: (Hybrid) Preferred Certs: NISM Series VII | NISM Series IIIA Core Responsibilities: 1. Regulatory Compliance & Surveillance • Maintain deep, current understanding of SEBI Stock Broking Regulations, Stock Exchange Rules & Byelaws, • Depository Participant Act, and all applicable circulars, notifications, and guidelines from SEBI, BSE, NSE and CDSL • Ensure timely and accurate implementation of regulatory changes across business functions, systems, and controls. • Conduct periodic compliance assessments and gap analyses; formulate proposals for policy revisions or new controls. • Develop a regulatory change management calendar to proactively track upcoming circulars and set internal deadlines for implementation. 2. Policy & Process Framework • Design, document, and continuously improve compliance policies and SOPs for the stock broking function. • Implement and oversee insider trading prohibition policies and processes as per SEBI (PIT) Regulations. • Review and update the Risk Management Framework (RMF) for the stock broking business on a regular basis 3. Internal Controls & Audit • Independently plan and execute internal compliance audits covering KYC, client onboarding, trading activity,back office operations, margin reporting, and settlement obligations. • Coordinate with external auditors and regulators during inspections, providing responses and corrective action plans. • Maintain an audit trail and compliance log for all regulatory interactions, filings, and action-taken reports. • Establish a Compliance Testing Program with monthly thematic reviews on high-risk areas (e.g., algo trading controls, margin pledging, MTF, settlement etc). 4. Anti-Money Laundering (AML) & CFT • Establish and implement the group-level AML/CFT policy framework in line with PMLA, FIU-IND guidelines,and SEBI AML circulars. • Manage end-to-end AML monitoring processes: customer due diligence (CDD), enhanced due diligence (EDD),transaction monitoring, and suspicious activity review. • Conduct periodic AML training for onboarding, operations, and sales teams. • Implement rule-based and AI-assisted transaction monitoring tools to detect layering, structuring, and other typologies at scale. • Define risk-based client segmentation (Low / Medium / High) and apply proportionate monitoring intensity to each segment. Domain Knowledge (Must-Have): • Expert understanding of SEBI Regulations – Stock Brokers, Depositories Act, PMLA, PIT Regulations, and related circulars. • Hands-on experience with capital market intermediary operations: order management, clearing, settlement, and margin obligations. • Strong knowledge of KYC/AML frameworks including CDD, EDD, STR/CTR and FIU-IND reporting. • Familiarity with SEBI's Algorithmic Trading framework and cybersecurity guidelines for market intermediaries. Preferred Experience: • 10 years in stock broking compliance, securities law, AML compliance, or capital market risk management. • Prior exposure to capital market compliance. • Experience in a fintech / digital broker environment with high retail volumes (preferred). • Exposure to compliance technology tools such as RegTech platforms, transaction monitoring systems, or GRC software.