Compliance Officer – Stock Broking1. Position Details

· Designation: Compliance Officer – Stock Broking

· Department: Compliance & Regulatory Affairs

· Seniority: Mid-Senior Management

· Reporting To: Managing Director / Whole-Time Director / Board of Directors, as applicable

· Functional Coordination: Trading, RMS, Operations, Finance, Accounts, IT, Internal Audit, KYC and Client Servicing

· Location: Ahmedabad

· Experience: 5–8 years in stockbroking compliance or capital markets, preferably with relevant supervisory experience

· Employment Type: Full-Time

· Pay – Industries Standard

2. Job Purpose

To ensure comprehensive compliance with applicable securities laws, SEBI regulations, stock exchange rules, depository requirements, AML/KYC provisions and other regulatory obligations governing the company's stockbroking business.

The Compliance Officer shall establish and monitor the firm's compliance framework, oversee regulatory reporting, identify and escalate compliance risks, coordinate inspections and audits, and ensure that appropriate corrective actions are implemented within prescribed timelines.

The position requires a thorough understanding of broking operations, independent compliance oversight, effective coordination with senior management, and the ability to interpret and implement regulatory changes.

3. Regulatory Coverage

The role shall cover the following activities, to the extent applicable to the firm's registrations and memberships:

A. Stock Exchanges and Trading Segments

· National Stock Exchange of India Limited (NSE).

· BSE Limited.

· Multi Commodity Exchange of India Limited (MCX).

· Equity cash market, equity derivatives, currency derivatives and commodity derivatives, wherever the firm is authorised to operate.

· Other recognised stock exchanges and trading segments, if applicable.

B. Securities Market Regulators and Authorities

· Securities and Exchange Board of India (SEBI).

· Applicable stock exchange and clearing corporation requirements.

· Securities and Exchange Board of India Investor Complaints Redressal System (SCORES).

· Online Dispute Resolution (ODR) framework and investor grievance mechanisms.

· Financial Intelligence Unit – India (FIU-IND), in relation to applicable AML reporting obligations.

· Other relevant statutory or regulatory authorities, where applicable.

C. Depository and Securities-Related Activities

· Central Depository Services (India) Limited (CDSL) and/or National Securities Depository Limited (NSDL), where the firm also operates as a registered Depository Participant or has relevant responsibilities.

· Client securities handling, demat-related processes, pledge and re-pledge requirements, and applicable settlement and reconciliation controls.

· Coordination between broking and depository operations to ensure compliance with applicable client asset protection requirements.

D. Principal Regulatory Framework
The Compliance Officer shall monitor applicable requirements under, among other relevant laws and regulations:

· SEBI Act, 1992.

· SEBI (Stock Brokers) Regulations, 1992, as applicable.

· Securities Contracts (Regulation) Act, 1956 and rules thereunder.

· Securities Contracts (Regulation) Rules, 1957.

· SEBI circulars, master circulars, directions and applicable exchange/clearing corporation rules.

· Prevention of Money Laundering Act, 2002 and Prevention of Money-Laundering Rules, 2005.

· Applicable SEBI KYC, client onboarding, margin, settlement, investor grievance, cybersecurity, outsourcing and record-retention requirements.

· Applicable depository regulations and operating instructions, where relevant.

· Applicable provisions of the Companies Act, 2013 and other corporate or statutory laws relevant to the firm's operations.

The above list is indicative and must be updated based on the firm's activities and the regulations in force.

4. Key Roles and Regulatory ResponsibilitiesA. Regulatory Compliance and Governance

· Ensure compliance with applicable SEBI regulations, stock exchange circulars, clearing corporation requirements and statutory obligations.

· Maintain a comprehensive regulatory compliance calendar and obligation register.

· Review regulatory circulars and assess their impact on business processes, systems, policies and controls.

· Assign implementation responsibilities to the relevant departments and track compliance to closure.

· Establish internal compliance monitoring mechanisms and periodic testing procedures.

· Advise senior management on regulatory risks, compliance gaps and required remedial measures.

· Maintain appropriate independence in compliance oversight and escalate significant issues through the prescribed governance channels.

B. Exchange Compliance and Regulatory Reporting

· Monitor timely filing of applicable periodic, annual, quarterly and event-based submissions.

· Oversee exchange reporting relating to client funds and securities, margins, trading activities, financial information and other prescribed returns, as applicable.





· Monitor exchange communications, notices, penalties, observations and inspection findings.

· Coordinate responses to SEBI, stock exchanges, clearing corporations and other relevant authorities.

· Maintain evidence of submissions, acknowledgements, supporting documentation and closure of regulatory queries.

· Track regulatory deadlines and ensure timely escalation of potential delays or reporting errors.

C. Client Onboarding, KYC and Investor Protection

· Monitor client onboarding, Know Your Customer (KYC), client identification, UCC registration and segment activation.

· Ensure compliance with applicable KRA/CKYC processes, client documentation and periodic KYC updates.

· Review client categorisation, beneficial ownership identification and enhanced due diligence, wherever applicable.

· Monitor contract note issuance, client statements, margin reporting and prescribed client disclosures.

· Oversee applicable client funds and securities segregation, running account settlement and related reconciliation controls.

· Monitor client complaints, exchange grievance mechanisms, SCORES and applicable ODR processes.

· Ensure investor grievances are investigated, resolved and reported within prescribed timelines.

D. Trading Surveillance and Risk Management

· Monitor trading activity for unusual patterns, potential market manipulation, suspicious transactions and other compliance red flags.

· Review surveillance alerts involving abnormal trading, dormant accounts, unusual turnover, concentrated positions and other applicable risk indicators.

· Coordinate with the dealing, RMS and operations teams to investigate exceptions and document conclusions.

· Monitor compliance with applicable margin requirements, peak margin obligations, position limits and exchange risk controls.

· Review cases involving suspected misuse of client accounts, unauthorised trading, employee misconduct or other potential regulatory breaches.

· Escalate significant matters promptly to senior management and the relevant authorities where legally required.

E. AML, PMLA and Suspicious Transaction Reporting

· Oversee implementation of the firm's applicable AML/CFT policies and procedures.

· Monitor compliance with applicable PMLA, PML Rules, SEBI and exchange requirements.

· Ensure identification and escalation of suspicious transactions and unusual client activity.

· Coordinate reporting to FIU-IND, including suspicious transaction reports and other applicable reports, in accordance with prescribed requirements.

· Monitor sanctions screening, beneficial ownership, risk categorisation and enhanced due diligence as applicable.

· Maintain appropriate confidentiality and documentation relating to AML reviews and reporting.

· Coordinate periodic AML training and review the effectiveness of internal controls.

F. Client Funds, Securities and Settlement Compliance

· Monitor compliance with applicable client asset segregation and protection requirements.

· Review client funds and securities reporting, settlement obligations and applicable reconciliation controls.

· Monitor running account settlement requirements, unpaid securities processes, pledge-related controls and other applicable client asset requirements.

· Coordinate with Finance, Accounts, Operations and RMS to investigate reconciliation differences and operational exceptions.

· Ensure material client asset discrepancies are escalated and addressed promptly.

G. Audits, Inspections and Regulatory Reviews

· Coordinate applicable internal audits, concurrent audits, system audits, cybersecurity audits and other regulatory audits.

· Facilitate SEBI, exchange, clearing corporation and depository inspections, where relevant.

· Prepare regulatory records, evidence, submissions and management responses.

· Track audit observations and ensure timely corrective action by responsible departments.

· Maintain a centralised register of inspection findings, penalties, deficiencies and remedial actions.

· Analyse recurring audit observations and recommend improvements to internal controls.

H. Policies, SOPs and Internal Controls

· Develop and periodically review compliance policies, standard operating procedures and internal control frameworks.

· Monitor implementation of policies relating to client dealings, conflicts of interest, employee conduct and personal trading, as applicable.

· Review compliance risks associated with new products, business activities, branches, authorised persons and outsourced services.

· Conduct periodic compliance testing and sample reviews of business transactions and operational processes.





· Recommend corrective actions and monitor their implementation.

· Maintain records in accordance with applicable retention and audit-trail requirements.

I. Regulatory Change Management

· Monitor new SEBI circulars, exchange directions, depository instructions and statutory amendments.

· Prepare impact assessments and communicate implementation requirements to relevant departments.

· Maintain a regulatory change tracker containing the applicable requirement, responsible owner, target date, implementation status and supporting evidence.

· Verify implementation through testing, document review or other appropriate control procedures.

· Report overdue regulatory implementations and significant compliance gaps to senior management.

J. Employee Training and Compliance Culture

· Conduct periodic compliance training for dealers, operations staff, branch personnel and other relevant employees.

· Ensure awareness of applicable market conduct, AML/KYC, investor protection, confidentiality and internal policies.

· Maintain training records and monitor completion of mandatory training programmes.

· Promote ethical conduct, accountability and prompt reporting of compliance concerns.

5. Seniority, Authority and Reporting Responsibilities

The position is intended for a mid-senior-level professional with responsibility for monitoring compliance across the firm's applicable broking operations.

The Compliance Officer shall:

· Have appropriate access to books, records, systems, reports and personnel necessary to discharge the role.

· Coordinate with departmental heads to obtain compliance confirmations and supporting evidence.

· Require explanations and corrective action plans for identified compliance deficiencies.

· Escalate material breaches, repeated non-compliance, significant audit findings and unresolved regulatory issues to senior management.

· Submit periodic compliance status reports to the Managing Director, Whole-Time Director or Board/appropriate committee, as applicable.

· Maintain documentation of material compliance matters and their resolution.

· Exercise independent professional judgment when assessing and escalating regulatory risks.

Any formal appointment, reporting line, eligibility requirement, approval or notification applicable to the designated Compliance Officer must be separately verified under the current regulatory framework and the firm's registration and membership conditions.

6. Educational Qualifications and Certifications

· Graduate in Commerce, Finance, Law, Business Administration or a related discipline.

· Postgraduate qualification in Finance, Law, Business Administration or a related area is desirable.

· Relevant NISM certifications and other prescribed qualifications, where applicable to the specific role and regulatory requirements.

· Strong working knowledge of Indian securities market regulations and stockbroking operations.

7. Experience Requirements

· 5–8 years of relevant experience in stockbroking compliance, regulatory affairs, exchange operations, surveillance or capital markets.

· Prior experience with an NSE/BSE/MCX trading member is preferred.

· Experience in managing regulatory submissions, audits, inspections, exchange notices and compliance monitoring.

· Practical exposure to client onboarding, KYC/AML, trading surveillance, client asset protection and regulatory reporting.

· Experience in supervising compliance activities or coordinating with multiple departments.

· Experience in depository compliance is desirable where the firm also undertakes Depository Participant activities.

8. Key Performance Indicators (KPIs)

Performance shall be evaluated on the basis of:

1. Timely and accurate completion of regulatory submissions.

2. Effectiveness of regulatory compliance monitoring and testing.

3. Timely implementation of new regulatory requirements.

4. Timely closure of audit observations and regulatory deficiencies.

5. Number, severity and recurrence of compliance breaches.

6. Quality and timeliness of regulatory responses.

7. Effectiveness of client grievance handling and escalation.

8. Completion of prescribed compliance reviews and employee training.

9. Accuracy and completeness of compliance records.

10. Timely escalation of material compliance risks and control failures.

KPIs should assess the effectiveness of compliance controls and timely remediation, rather than discouraging good-faith reporting of issues.

9. Key Competencies

· Solid interpretation of SEBI regulations and exchange circulars.

· Practical knowledge of stockbroking business operations.

· Regulatory reporting and documentation expertise.

· Analytical thinking, attention to detail and investigative capability.

· Effective stakeholder management and communication.

· Ability to manage multiple deadlines and regulatory priorities.

· High integrity, confidentiality and professional independence.

· Proficiency in MS Excel, compliance trackers, exchange portals and reporting systems.

Pay: ₹50,000.00 - ₹70,000.00 per month

Work Location: In person

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