Role Overview

We are seeking an experienced and detail-oriented Compliance Manager – Wealth Management to oversee regulatory adherence across our Wealth Management, PMS (Portfolio Management Services), AIF (Alternative Investment Funds), and Distribution arms. In this role, you will ensure full alignment with SEBI, AMFI, IRDAI, and RBI regulations, conduct internal compliance audits, review marketing and client-facing collateral, and maintain an audit-ready compliance framework.

Key Responsibilities

1. Regulatory Compliance & Governance

- Monitor and ensure strict compliance with applicable rules, circulars, and guidelines issued by SEBI, AMFI, IRDAI, Exchanges, Depositories, RBI, and other regulatory bodies.
- Interpret new regulatory updates, market circulars, and industry developments impacting distribution channels.
- Conduct comprehensive regulatory gap assessments and implement robust internal compliance controls.
- Draft, maintain, and update compliance policies, standard operating procedures (SOPs), manuals, and governance frameworks.

2. Advisory & Business Support

- Act as the primary compliance advisor to Wealth Management, Distribution, Sales, and Product teams.
- Provide proactive guidance on the launch of new products, digital channels, corporate partnerships, and business initiatives.
- Drive regulatory implementation projects and advise on structured compliance solutions for recent product rollouts.

3. Monitoring & Surveillance

- Design, implement, and track compliance monitoring and review programs across distribution units.
- Conduct periodic thematic reviews, branch/desk testing, and process audits.
- Track compliance breaches, policy exceptions, customer complaints involving distributed products, and corrective action plans (CAPA).
- Identify emerging compliance risks and implement effective risk mitigation measures.

4. Regulatory Reporting & Liaison

- Ensure accurate and timely submission of all regulatory filings, returns, disclosures,



and certifications.
- Coordinate end-to-end regulatory inspections, compliance audits, and information requests.
- Manage regulatory communications and interactions with regulators, AMCs, insurers, and industry bodies as required.

5. Audit & Risk Management

- Coordinate and manage Internal Audit, Compliance Audit, and Regulatory Audit observations.
- Drive timely resolution and closure of audit findings and regulatory observations.
- Maintain compliance risk registers, control matrices, and conduct periodic risk assessments across distribution businesses.

6. Training & Compliance Culture

- Design and execute tailored compliance training programs for sales, relationship management, and distribution teams.
- Promote a culture of compliance, transparency, and conduct requirements across business units.
- Keep internal stakeholders informed about regulatory changes, sales practice expectations, and code of conduct standards.

Key Requirements & Qualifications

- Education: Graduate/Post-Graduate degree in Law (LL.B), Commerce, Business, or Finance. Professional qualifications like Company Secretary (CS) or CA are highly desirable.
- Certifications: Mandatory certifications such as NISM Series III-A (Securities Intermediaries Compliance Non-Cumulative) or relevant NISM/AMFI/IRDAI distribution and compliance certifications.
- Experience: 6 to 10 years of core compliance experience in Wealth Management, Financial Product Distribution, SEBI/AMFI/IRDAI regulated entities, or Stock Broking firms.
- Domain Expertise: Deep understanding of SEBI (PMS & AIF) Regulations, AMFI Code of Conduct, IRDAI Corporate Agency norms, PMLA guidelines, and exchange compliance frameworks.

We are an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment decisions are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion, gender, age, disability, or sexual orientation.

📌 Compliance Manager (Maharashtra)
🏢 Bajaj Broking
📍 Maharashtra