Broking Compliance Manager

Job Title: Manager – Broking Compliance

Reporting To: Vice President – Compliance

Location: Lower Parel, Mumbai

Position Overview

The Manager – Broking Compliance will oversee end-to-end regulatory compliance, secretarial governance, and regulatory reporting for Institutional Broking, Depository Participant (DP) services, Research Analysis, and Offshore operations. This role acts as a primary liaison with key market regulators and ensures robust adherence to domestic and international regulatory standards.

Key Responsibilities

• Regulatory Liaison: Act as a key interface with SEBI, Stock Exchanges (NSE/BSE), Depositories (NSDL/CDSL), and offshore regulators (e.g., MAS, FCA, SEC, FINRA).
• Statutory Submissions & MIS: Ensure accurate and timely submission of daily, weekly, monthly, quarterly, and annual regulatory filings, maintaining comprehensive compliance MIS trackers for senior management.
• Audit & Inspection Management: Coordinate and lead internal audits, system audits, cybersecurity reviews, and regulatory inspections conducted by SEBI, Exchanges, and Depositories.
• Regulatory Dissemination & Training: Monitor and interpret regulatory circulars, assess operational impact, update policies, and conduct ongoing compliance training for internal stakeholders.
• Surveillance & Ethics Governance: Oversee Anti-Money Laundering (AML) frameworks, Code of Conduct adherence, employee personal trading approvals, and trade surveillance activities.
• Secretarial & Policy Vetting: Assist in secretarial compliance under the Companies Act and Secretarial Standards; review corporate communications and marketing materials from a compliance lens.

Qualifications & Experience

• Education: Graduate/Post-Graduate in Law, Commerce, or Finance. CS qualification is highly desirable.
• Experience: 4–5 years of core compliance experience within a reputed institutional equity broking firm or capital markets setup.

Key Competencies

• Deep technical knowledge of SEBI broking regulations, exchange bye-laws, DP regulations, and Research Analyst (RA) guidelines.
• Familiarity with offshore regulatory compliance frameworks (MAS/FCA/FINRA/SEC) is a distinct advantage.
• Superior drafting and business communication skills.
• Ability to prioritize and execute multiple regulatory deadlines in a fast-paced environment.

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