Role Overview

We are seeking an experienced Compliance Officer to oversee regulatory compliance and governance requirements for our SEBI-registered Alternative Investment Funds (AIFs) Category I and Category II. The individual will be responsible for ensuring compliance with applicable SEBI AIF Regulations, circulars, guidelines, AML/KYC requirements, fund documentation, investor obligations, and other applicable laws and regulations.Role & responsibilities

Key Responsibilities

- Ensure compliance with the SEBI (Alternative Investment Funds) Regulations and applicable circulars, notifications, FAQs and regulatory directions.

- Monitor regulatory developments affecting Category I and Category II AIFs and assess their impact on the fund/manager.

- Establish and maintain an effective compliance framework, policies, processes and controls for the AIF and Investment Manager.

- Review and monitor compliance with the Private Placement Memorandum (PPM), contribution agreements, investment management agreements and other fund documents.

- Ensure timely regulatory filings, submissions, disclosures and reporting to SEBI, RBI, FIU-IND and other applicable authorities.

- Coordinate with the fund administrator, legal counsel, auditors, tax advisors, trustees/custodians and other service providers on compliance matters.

- Monitor KYC, AML/CFT and PMLA compliance, including investor onboarding, periodic KYC reviews, beneficial ownership and suspicious transaction reporting, where applicable.

- Oversee compliance relating to investor onboarding, subscriptions, drawdowns, distributions, transfers and exits.

- Review proposed investments from a regulatory and compliance perspective, including applicable investment restrictions, concentration limits and related-party considerations.

- Monitor compliance with conflict-of-interest, insider trading, code of conduct and personal-account dealing requirements, as applicable.

- Maintain and periodically review the compliance calendar,



ensuring all statutory and contractual obligations are completed within prescribed timelines.

- Conduct periodic compliance testing and prepare compliance reports for senior management, the Investment Committee, Board/Trustee or other governing bodies, as applicable.

- Track and close compliance observations arising from internal audits, external audits, inspections and regulatory reviews.

- Assist in SEBI inspections and regulatory correspondence, including preparation of responses and supporting documentation.

- Review marketing, investor communication and fund-related materials from a regulatory compliance perspective.

- Ensure proper maintenance of compliance records, registers, approvals, minutes and supporting documentation.

- Provide compliance training and guidance to employees and relevant stakeholders.

- Work closely with the Risk, Legal, Operations, Finance and Investment teams to identify and mitigate regulatory and operational compliance risks.

- Escalate material compliance breaches, regulatory risks and potential conflicts to senior management and the appropriate governing authority.

Preferred candidate profile

- Graduate/Postgraduate degree in Law, Finance, Commerce, Business Administration or a related discipline.

- LLB / CS / CA / CFA / MBA or relevant professional qualification would be preferred.

- 510 years of relevant experience in AIFs, private equity, venture capital, asset management, PMS, investment banking or securities-market compliance.

- Robust understanding of the SEBI AIF regulatory framework, particularly Category I and Category II AIF requirements.

- Good knowledge of PMLA, AML/KYC, Companies Act, FEMA, insider trading and other applicable securities regulations.

- Experience in dealing with SEBI, trustees, custodians, fund administrators and external legal/compliance advisors will be an advantage.

- Strong drafting, documentation, analytical and regulatory interpretation skills.

- Ability to independently manage compliance calendars, regulatory filings and multiple stakeholders.

- High level of integrity, attention to detail and ability to handle confidential information.

📌 Compliance Officer (AIF Category I & II) (Mumbai)
🏢 Klass Global Advisors
📍 Mumbai