The Manager Broking Compliance will be responsible for overseeing stock broking compliance activities, ensuring timely regulatory reporting, implementing regulatory changes, and providing compliance support to the broking business. The role involves close coordination with regulators, exchanges, clearing corporations, and internal stakeholders to maintain a robust compliance framework and effectively manage regulatory risks.
Experience: 5 to 7 years
Job Role:
. Regulatory Compliance & Reporting
- Manage and support the Stock Broking Compliance team to ensure timely and accurate regulatory reporting.
- Implement and monitor compliance with SEBI, Stock Exchange, and Qualified Stock Broker (QSB) requirements.
- Review and update broking policies and procedures in line with evolving regulations.
2. Regulatory Coordination & Inspections
- Coordinate with internal and external stakeholders on regulatory matters.
- Handle and respond to Exchange queries, including algorithmic trading and offsite surveillance alerts.
- Manage SEBI and Exchange inspections and ensure timely closure of observations.
- Oversee Exchange-mandated Internal Audits and drive their successful completion.
3. Compliance Advisory & Representation
- Provide compliance guidance to business teams through regulatory analysis and peer benchmarking.
- Draft Board agenda items and prepare regulatory representations on operational and risk-related matters.
- Coordinate the resolution of alerts from Clearing Corporations and manage penalty review submissions.
4. Stakeholder Management
- Support business teams in addressing operational and risk-related issues involving Exchanges and Clearing Corporations.
- Foster strong relationships with regulators, exchanges, auditors, and internal stakeholders to ensure seamless compliance operations.
Qualifications:
Bachelor's degree in Commerce, Law, Finance, or a related field. A professional qualification such as CA, CS, or LLB is preferred.
Experience:
- 5–6 years of experience in stock broking compliance, regulatory affairs, or capital market operations.
- Hands-on experience dealing with SEBI, stock exchanges, and clearing corporations is essential.
