Senior Compliance Manager

As Sr Manager/Associate Director – Compliance, you will own the end-to-end regulatory compliance framework for INDmoneys 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 SEBIs 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.