Overview
Role – Compliance Head
Reporting structure for the position – Managing Director
Job Description:
– SEBI Stock Broking, PMS, Investment Advisors, Insider Trading related compliances
– Provide training for Anti Money Laundering Standards to all Staff members
– Ensuring compliance with the Code of Conduct for Prevention of Insider Trading
– Answering any compliance related queries raised by functional / operations departments
– Reporting to the Board of Directors/Managing Director if the company / any staff member has breached compliance requirements
– Co-ordinating for and attending to legal matters, as and when required
– Attending to queries/letters/communication from external agencies (other than Exchanges) like EOW, ACB, etc
– Drafting Notice & Working towards achievement of the Company Mission keeping in view Company’s – vision, beliefs and mission statements
– Ensuring compliance with all rules & regulations framed by regulatory authorities like Exchanges, SEBI and CDSL
– Maintaining the Compliance Calendar, in accordance with regulatory requirements and adhere to the deadlines prescribed for each activity
– Redressing the grievances of clients in a timely manner
– Handling arbitration related matters
– Registering / deregistering Authorized Person and Sub Broker with Exchanges/SEBI and adhere to necessary compliance related matters thereto
– Handling Statutory / Regulatory Inspections / Audits
– Application / Renewal of Registrations / Approvals for various business activities
– Updating & maintaining statutory records and registers of the company (both physically & electronically) as required under the provisions of Companies Act, 2013
Preferred Skills:
– Professional working knowledge & working experience of SEBI, Depositories and Stock Exchange compliance regulations
– Good analytical ability to take calculated risks & decisions
– Integrity and Commitment
– Energetic & Initiative taking attitude
– Resilient & stress tolerant
– Adaptable to change
– Detail conscious
– Persuasive & good negotiation skills
– Excellent listening, oral and written communication skills
Qualifications and Mandatory Exam:
– Qualified Company Secretary with around 10-15 years’ experience (atleast five years in broking company)
– NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Exam
– NISM-Series-VI: Depository Operations
– NISM-Series-VII: Securities Operations & Risk Mgmt
– NISM-Series-IX: Merchant Banking Certification Exam
Key Result Areas:
– Ensuring smooth functioning of the compliance department
– Key Performance Indicators
– Handling Regulatory Inspections / Audits
– Submission to regulatory authority as per compliance calendar
– Attending to customer grievances
– Take action to modify the system based on change in regulatory requirement as and when changes occur
– Communicating the Compliance guidelines to employees including training as and when required
– Application / Renewal of Registrations / Approvals for various business activities
– Handling legal and arbitration related matters
– Registering / deregistering Authorized Person and Sub Broker with Exchanges/SEBI and adhere to necessary compliance related matters thereto