Compliance Manager - Stock Broking

About the Role

You will be responsible for the end-to-end compliance lifecycle, from product development and marketing approvals to real-time surveillance and regulatory reporting. This is a hands-on role requiring a mix of regulatory expertise, analytical rigour, and a product-first mindset.

What You Will Do

• Advertisement & Marketing Approval: Review and provide compliance sign-off on all marketing collateral, social media content, and app notifications.
• Liaise with Stock Exchanges (NSE/BSE/MCX) for prior approval of advertisements and ensure adherence to the latest SEBI Code of Advertisement.

Regulatory Intelligence (Circular Management)

• Daily tracking of SEBI and Exchange circulars.
• Interpret and disseminate impact analysis to relevant departments such as Product, Tech, and Operations.
• Drive implementation of new guidelines within specified timelines.

Surveillance & AML

• Monitor and resolve real-time surveillance alerts to detect and report suspicious trading patterns or market abuse.
• Oversee the AML/KYC framework, including risk categorization, PMLA reporting (STR/CTR), and periodic audits of the onboarding flow.

Audits & Inspections

• Manage and coordinate Internal Audits, System Audits, and Concurrent Audits.
• Act as the primary point of contact for SEBI/Exchange inspections, ensuring data accuracy and timely submission of responses.

Reporting & Filings

• Ensure 100% adherence to the Compliance Calendar covering daily, monthly, quarterly, and annual filings.
• Monitor the investor grievance redressal system (SCORES/internal) and drive prompt resolution.

Product Compliance

• Perform Pre-Prod Audits on new features such as F&O, MTF, SIP, etc., to ensure they meet the Compliant-by-Design standard.
• Provide sign-off on control testing reports before any feature goes live.

What You Should Have

Mandatory / Core Requirements

• Experience: 4–8 years of relevant experience, preferably in Stock Broking Compliance.
• Strong understanding of SEBI regulations, Stock Exchange requirements, and Exchange bylaws.
• Hands-on experience with regulatory compliance, reporting, audits, and inspections.
• Strong exposure to NSE/BSE/MCX regulatory requirements.
• Good understanding of PMLA, AML/KYC and regulatory reporting.
• Ability to independently manage compliance activities and projects.
• Strong analytical and problem-solving skills.
• Ability to work closely with Product, Tech, Operations, and other business teams.
• Qualification: CA/CS/MBA/Finance/Commerce or a relevant professional qualification.

Good to Have

• Prior experience with SEBI.
• Experience in Fintech/Digital Broking.
• NISM certifications.
• Experience in Advertisement/Marketing approvals with Stock Exchanges.
• Experience with Product Compliance / Compliant-by-Design frameworks.
• Exposure to real-time surveillance and market abuse monitoring.
• Experience handling SEBI/Exchange inspections independently.
• Experience across multiple jurisdictions or regulatory frameworks.