Associate/AVP - Compliance Manager - BFS (3-10 yrs)

Role Compliance Manager

Function Business Process & Transformation

Grade Sr. Associate or Associate Vice President

Work Location Mumbai

Reports to Head of Regulatory Affairs & Legal

Job Summary:

The Compliance Manager will assist in ensuring that the firm adheres to all regulatory requirements, managing compliance-related activities with regard to the firm's SEBI registrations, internal policies, and industry standards. They will work closely with senior compliance personnel to mitigate risks, maintain the firm's reputation, and contribute to a compliant and well-governed environment within the wealth management business. They will also be responsible for contributing towards the legal function.

Financial:

- Assist with regulatory reporting, ensuring the firm meets regulatory requirements having financial impact, in a timely manner.

- Identify any compliance-related issues that could lead to financial losses or penalties, and work with relevant stakeholders to resolve them.

- Monitor and review the firm's transactions and ensure they comply with financial regulations (e.g., anti-money laundering).

- Assist in internal audits to identify areas of financial risk and provide corrective actions.

- Monitor regulatory changes and implement necessary updates to the firm's policies and procedures to mitigate risks.

Client:

- Ensure that all customer-facing documentation complies with applicable regulations and internal policies.

- Assist in addressing client complaints or queries related to compliance matters, aiming for quick and effective resolution.

- Ensure the business complies with KYC (Know Your Customer) and other client onboarding requirements to maintain customer trust and satisfaction.

- Educate clients on the importance of compliance and data protection, building a transparent relationship.

- Provide consultative, timely, and quality advice to business, risk, and infrastructure units on compliance, regulatory, and policy matters in a timely manner

Risk and Governance:

- Ensure compliance with regulations and internal policies to achieve the desired assurance, audit, and regulatory ratings.

- Contribute to systemizing and strengthening platforms to achieve scalability and sustainability in compliance operations.

- Maintain confidentiality and handle sensitive information appropriately.

- Manage financial, regulatory, and reputational risks for the firm and its clients in a prudent manner.

People:

- Foster a collaborative team environment across departments and levels of the organization.

- Manage stakeholders effectively to ensure the successful implementation of compliance strategies.

- Engage in continuous professional development initiatives and secure mandatory certifications and licenses as required by the role.

Key Role Requirements

Education - Bachelor of Laws, preferably in combination with Company Secretary qualification

Certifications (if any) - NISM IIIA certification preferred

Experience - 3-6 years of experience in a compliance role within Wealth Management, financial services, or related sectors

Technical Skills - In-depth understanding of SEBI Intermediary regulations governing securities market, including Stock Broking, Depository Participant, Investment Advisory, Portfolio Managers Regulations, and others.

- Experience in regulatory filings, ensuring timely submissions of reports.

- Experience with SEBI-mandated internal audits and periodic compliance checks.

- Experience in drafting and vetting oof both business and vendor related agreements

Behavioral Attributes - Meticulous attention to details and documentation, especially in compliance reporting.

- High ethical standards, as the compliance role requires maintaining integrity in interactions with clients, colleagues, and regulatory bodies.

- Strong analytical skills, with the ability to break down large regulatory texts and apply them practically to the business model

- Excellent communication and interpersonal skills, capable of engaging and influencing regulatory authorities and internal stakeholders.

- Proactive approach to solving issues related to compliance violations, transaction discrepancies, or regulatory changes.

- Ability to maintain confidentiality of sensitive client information, financial data, and internal compliance issues.

- Ability to balance multiple compliance responsibilities, such as client on-boarding, reporting, auditing, and monitoring, while meeting strict regulatory deadlines.