As Sr Manager/Associate Director – Compliance, you will own the end-to-end regulatory compliance framework for INDmoney's capital market intermediary business. You will ensure adherence to Securities Laws, Depositories Act,Stock Exchange Byelaws, Stock Broking Regulations, Anti-Money Laundering (AML) Act, CDSL rules, and all other applicable regulations.
This is a senior role requiring deep domain expertise, strong stakeholder management, and the
ability to build scalable compliance infrastructure in a fast-growing fintech environment.
Education: Qualified Company Secretary (CS) or MBA (Finance / Law preferred)
Location: (Hybrid)
Preferred Certs: NISM Series VII | NISM Series IIIA
Core Responsibilities:
1. Regulatory Compliance & Surveillance
- Maintain deep, current understanding of SEBI Stock Broking Regulations, Stock Exchange Rules & Byelaws,
- Depository Participant Act, and all applicable circulars, notifications, and guidelines from SEBI, BSE, NSE and CDSL
- Ensure timely and accurate implementation of regulatory changes across business functions, systems, and controls.
- Conduct periodic compliance assessments and gap analyses; formulate proposals for policy revisions or new controls.
- Develop a regulatory change management calendar to proactively track upcoming circulars and set internal deadlines for implementation.
2. Policy & Process Framework
- Design, document, and continuously improve compliance policies and SOPs for the stock broking function.
- Implement and oversee insider trading prohibition policies and processes as per SEBI (PIT) Regulations.
- Review and update the Risk Management Framework (RMF) for the stock broking business on a regular basis
3. Internal Controls & Audit
- Independently plan and execute internal compliance audits covering KYC, client onboarding, trading activity,back office operations, margin reporting, and settlement obligations.
- Coordinate with external auditors and regulators during inspections, providing responses and corrective action plans.
- Maintain an audit trail and compliance log for all regulatory interactions, filings, and action-taken reports.
- Establish a Compliance Testing Program with monthly thematic reviews on high-risk areas (e.g., algo trading controls, margin pledging, MTF, settlement etc).
4. Anti-Money Laundering (AML) & CFT
- Establish and implement the group-level AML/CFT policy framework in line with PMLA, FIU-IND guidelines,and SEBI AML circulars.
- Manage end-to-end AML monitoring processes: customer due diligence (CDD), enhanced due diligence (EDD),transaction monitoring, and suspicious activity review.
- Conduct periodic AML training for onboarding, operations, and sales teams.
- Implement rule-based and AI-assisted transaction monitoring tools to detect layering, structuring, and other typologies at scale.
- Define risk-based client segmentation (Low / Medium / High) and apply proportionate monitoring intensity to each segment.
Domain Knowledge (Must-Have):
- Expert understanding of SEBI Regulations – Stock Brokers, Depositories Act, PMLA, PIT Regulations, and related circulars.
- Hands-on experience with capital market intermediary operations: order management, clearing, settlement, and margin obligations.
- Strong knowledge of KYC/AML frameworks including CDD, EDD, STR/CTR and FIU-IND reporting.
- Familiarity with SEBI's Algorithmic Trading framework and cybersecurity guidelines for market intermediaries.
Preferred Experience:
- 10 years in stock broking compliance, securities law, AML compliance, or capital market risk management.
- Prior exposure to capital market compliance.
- Experience in a fintech / digital broker environment with high retail volumes (preferred).
- Exposure to compliance technology tools such as RegTech platforms, transaction monitoring systems, or GRC software.
