Sr. Manager - Internal Audit (Regulatory & Inspection)

Job Overview :

This is a mid-to-senior level leadership role in a Capital Market Conglomerate. The role is responsible for overseeing compliance and inspection of Trading Members / Stock Brokers to ensure they adhere to regulatory norms

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Core Purpose of the Ro

The main goal is to ensure that Trading Members (stock brokers) strictly follow all regulatory norms b

• Conducting and overseeing onsite inspections
• Verifying documents and audit reports
• Monitoring compliance
• Taking action against non-compliant members

Key Responsibilities :

1. Overseeing Onsite Inspections / Compliance Visits

1. Overseeing inspections conducted by regional offices.
2. Review the Inspection observation sheet and discuss observations with regional teams.
3. Reviewing Inspection reports prepared by regional offices
4. Draft the scope of Limited Purpose Inspections of Trading Members.

2. Member Compliance to Regulatory Norms & Audit

1. Analyze internal audit reports submitted by members. Prepare agenda and present cases of non-compliant Trading Members to the relevant Committee
2. Follow up and gather compliance reports from non-compliant members.
3. Analyze annual returns, half-yearly net-worth, and financial details submitted by members. Initiate action on early warning signals.
4. Send reminders (emails/letters/phone calls) to non-compliant members.

3. Data Collation and Analysis

1. Collate data for requests from external regulators and internal departments
2. Prepare Monthly Development Report, Monthly Activity Report, and regulatory half-yearly/annual reports.
3. .Collate and update data on actions initiated against members for website display

4. Team Management

1. Provide support to all team activities.
2. Suggest best practices for team training, development, and process improvement

Note: Additional responsibilities may be assigned as per organizational requirements.

Qualifications & Experience

• Experience: 5 to 13 years
• Education: CA / MBA / CS ( for SM level no bachelors degree).

Key Skills & Knowledge:

• Strong knowledge of financial and capital markets
• Deep understanding of statutory and regulatory requirements
• Excellent analytical skills
• Strong interpersonal and presentation skills
• Proficiency in MS Office