About the role

Team Member - Compliance

Reports to: Compliance Officer and Head Legal/ DVP - Compliance

Number of Direct Reportees: 0

Vertical: 2

Department: Legal & Compliance

Function: Legal, Arbitration & Compliance

Sub Function: Compliance

Location: Mumbai (BKC)

Position Grade Range: Senior Manager

Job Purpose

To ensure the organization complies with applicable regulatory requirements and internal policies by effectively monitoring, assessing, and implementing compliance frameworks. The role supports the development and implementation of a robust compliance culture within the depository firm while liaising with regulators and internal stakeholders to manage risk and ensure adherence to statutory obligations.

Job Role:

Maintain up-to-date knowledge of SEBI circulars and notifications relevant to depository operations.
Review and drafting of all Regulatory policies.
Drafting and review of all agenda and minutes of the Regulatory Committee meetings like PID, ROC, Board etc.
Monitor changes in regulatory frameworks issued by SEBI, RBI, and other applicable bodies and initiate implementation.
Review and ensure maintaining accurate and up-to-date records of all regulatory correspondences and filings.
Track and close audit findings related to compliance matters in a timely manner.
Prepare compliance reports for internal stakeholders and the Board/Audit Committee.
Conduct internal compliance reviews and support audits and inspections conducted by regulators.
Act as a liaison with SEBI and other regulatory authorities for compliance-related matters.
Coordinate with internal departments for data collation, report preparation, and compliance implementation.
Ensure timely and accurate filings with SEBI under various regulations including LODR, PIT (Prohibition of Insider Trading), and others.
Implement, monitor, and periodically review the internal Code of Conduct and Insider Trading policies.
Maintain trading windows and oversee pre-clearance and disclosures of trades by designated persons.
Conduct training and awareness programs for employees and designated persons on Insider Trading norms and Code of Conduct.
Any other responsibilities for ensuring/adding value to the compliance function which may be entrusted by the company from time to time.

Education Qualification and Experience

Graduate in Law (LLB)/ Commerce and Company Secretary (CS)/ Postgraduate with more than 15 years of experience in core compliance function of an MII may be considered.
Certifications related to compliance, financial regulations, or securities laws (e.g., NISM certifications) will be an added advantage.
8–12 years of experience in compliance, legal, audit, or regulatory functions in a Market Infrastructure Institution, financial services company, regulatory body, or consulting firm.

Personal Attributes

High integrity and professional ethics.
Strong attention to detail and accuracy.
Proactive and self-driven with the ability to work independently.
Sound judgment and decision-making abilities.
Resilient and able to handle pressure and sensitive situations discreetly.

Other Requirements

Strong drafting and communication skills (verbal and written).
Proficiency in MS Office (Word, Excel, PowerPoint).
Ability to manage multiple tasks and meet tight deadlines.
Willingness to continuously learn and keep updated on regulatory changes.

Functional Competencies

Thorough understanding of securities market regulations and compliance frameworks.
Strong knowledge of SEBI regulations, especially those applicable to MIIs.
Experience in drafting compliance policies and frameworks.
Risk identification and mitigation strategies.
Familiarity with regulatory reporting systems and audit procedures.

Behavioral Competencies

Integrity & Ethics: Upholds compliance culture and organizational values.
Analytical Thinking: Able to interpret complex regulations and assess implications.
Collaboration: Works effectively with cross-functional teams and stakeholders.
Accountability: Takes ownership of responsibilities and commitments.
Communication: Communicates clearly with regulators, peers, and senior management.
Adaptability: Adjusts to regulatory and operational changes swiftly.

Sr. Mgr. Team Member Regulatory Compliance