Assistant Vice President - Inspection

Key Responsibilities:
- Co-ordinate with other MIIs and ensure Letter of Intimation to members for Regular inspection or Special Purpose Inspection is sent as per inspections planned for the financial year.
- Schedule inspections in coordination with all stakeholders.
- Send inspection data requirement and PIQ to members and follow up with members regarding availability of the inspection data.
- Coordinate and collate inspection related data from different internal departments and analyse data received from various internal departments.
- Visit members locations as per schedule of inspection and ensure timely completion of inspections and conduct inspections as per checklist and scope decided for the inspections.
- Prepare Field observation sheet and obtain members reply and prepare and send draft reports for verification to next level.
- Preparation of detailed Inspection MIS in timely manner.

- Prepare data or details as may be required by SEBI or any other authority.
- Resolving member queries on circulars or Inspection by email or meeting them.
- Help in development of off-line alerts basis the data that is already available.
- Go through Inspection reports thoroughly and get clarification and details if required from Onsite Inspection teams.
- Verify that inspection files are properly arranged and all supporting data or documents are available in the files.
- Prepare Letter of Observations and send approved Letter of Observation (LO) to members.
- Follow up with members for reply to LO and analyse members reply to LO and get further clarification if required from members.
- Prepare reply analysis based on Letter of Observation and Members reply and prepare Agenda or Summary for approval note, for placing before relevant committee or authority.
- Send action letters to the members.
- Arrange for meeting with the member if called for personal hearing.
- Prepare detailed MIS as per format in timely manner.
- Ensuring adherence to the TAT fixed for each process and levying penalty and followup for delay in penalty.
- Analysis of Inspection Report.
- Processing of Appeals received from Members.
- Replying to members queries with respect to various compliance issues.
- Regular checking of websites of other Exchanges or Regulator for new Circulars or guidelines or notifications.
- Arranging reply to the requests of other department for status of members.
- Ensuring levy of penalty in case of non-compliance to regular periodic submissions and also ensuring that data is regularly updated so that there are no instances of wrong penalty.
- Ensuring that instances of false reporting are clearly identified and action as stipulated is taken against the members concerned.
- Represent company in discussions with other MIIs as far as Member Inspection is concerned and co-ordinate with other MIIs for joint inspections.