JOB PURPOSE

- Support and independently manage the legal and compliance framework for Alternative Investment Funds (AIFs), co-investment portfolio management services and other asset management activities, with particular focus on Category II AIFs and real estate/private market investments.
- Act as a business-enabling compliance partner across the fund lifecycle, from product structuring, fundraising and onboarding to investment execution, portfolio monitoring, investor reporting, exits and fund closure.
- Provide practical legal and regulatory advice while protecting investor interests, maintaining robust governance and ensuring timely regulatory compliance.

Exp: 8 to 10 years

Qualification : CS (Fully qualified)

KEY AREAS OF RESPONSIBILITY

Regulatory Compliance & Advisory

- Ensure compliance with applicable SEBI AIF and Portfolio Managers regulatory frameworks, circulars, master circulars, guidelines and conditions of registration.
- Interpret regulatory developments, assess business impact, prepare implementation notes and drive closure of resulting actions with clear ownership and timelines.
- Maintain regulatory calendars, compliance checklists and evidence repositories; oversee periodic filings, disclosures, certifications and regulatory reporting.
- Advise on fund structure, investment conditions, concentration and exposure limits, sponsor/manager obligations, co-investment arrangements and conflicts of interest.

Legal Review & Transaction Support
- Draft, review and negotiate fund and transaction documentation, including private placement memoranda, contribution agreements, investment management/advisory agreements, side letters, co-investment agreements and investor communications.
- Review transaction documents including term sheets, share purchase/subscription agreements, shareholders agreements, debenture documents, security documents, escrow arrangements and closing deliverables.
- Assess legal and regulatory risks in real estate and private market transactions and coordinate with external counsel on title, corporate, financing and other due diligence workstreams.
- Ensure that investment committee and governance materials accurately capture conditions precedent, conflicts, deviations, legal risks and compliance observations.

Fund Operations, Governance & Investor Protection
- Oversee investor onboarding and ongoing KYC/AML, beneficial ownership, sanctions/PEP screening and related documentation in coordination with operations and service providers.
- Review drawdowns, distributions, fees and expenses, valuation governance, investor reporting,



material disclosures and grievance handling from a compliance perspective.
- Monitor related-party transactions, cross-fund allocations, co-investments, warehousing, side-letter obligations, personal dealing and management of confidential information.
- Support governance forums, maintain policy and committee frameworks, and ensure proper documentation of approvals, exceptions and remediation decisions.

Monitoring, Assurance & Regulatory Engagement
- Perform risk-based compliance monitoring and thematic reviews across investment, dealing, operations, marketing, investor servicing and outsourcing activities.
- Independently manage internal, statutory, trustee/custodian and regulatory audits or inspections, including information collation, response drafting, remediation and closure tracking.
- Engage with SEBI, auditors, trustees, custodians, fund administrators, consultants and legal counsel; prepare clear and defensible submissions and correspondence.
- Investigate potential breaches, escalate material matters promptly, support root-cause analysis and ensure sustainable corrective and preventive actions.

Business Initiatives & Compliance Culture
- Provide legal and compliance support for new funds/strategies, new licences, acquisitions, restructuring and current business set-up.
- Develop and update policies, standard operating procedures, templates, controls and training material aligned to regulatory requirements and business risks.
- Conduct targeted training for investment, dealing, operations, sales and senior management teams and promote proactive consultation with Compliance.
- Use compliance data, trackers and management information to identify emerging risks, overdue actions and control gaps.

QUALIFICATION & EXPERIENCE
- 8-10 years of relevant experience in asset management legal and compliance, preferably covering Category II AIFs, private equity/real estate funds and PMS/co-investment structures.
- Company Secretary and LL.B. preferred. Candidates with a strong legal qualification and demonstrable asset management compliance experience may also be considered.
- Hands-on experience in transaction documentation, regulatory interpretation, compliance monitoring,



audits/inspections and regulator-facing submissions.
- Experience working with investment teams, institutional investors, trustees, custodians, fund administrators, auditors and external counsel.

CORE TECHNICAL SKILLS
- Strong command of the SEBI framework applicable to AIFs and Portfolio Managers, including fund governance, investment conditions, disclosures, reporting and investor protection requirements.
- Working knowledge of securities laws and allied frameworks relevant to asset management, including AML/KYC, beneficial ownership, insider trading and confidential-information controls, corporate law, contracts and foreign investment considerations.
- Ability to analyse complex fund and transaction structures, identify legal/regulatory issues and convert them into practical controls and documented positions.
- Excellent legal drafting and negotiation skills, with precision in regulatory submissions, board/committee notes, policies, agreements and investor communications.
- Risk-based compliance monitoring, control testing, breach management, root-cause analysis and remediation tracking.
- Strong proficiency in Microsoft Word, Excel and PowerPoint; ability to maintain structured trackers, dashboards and management information.

BEHAVIOURAL COMPETENCIES

- High integrity, sound judgement and the confidence to provide independent challenge while remaining solution-oriented.
- Ability to manage multiple workstreams independently with minimal supervision and deliver accurately under tight timelines.
- Strong stakeholder management, influencing and interpersonal skills across investment, business, operations and senior leadership teams.
- Commercial awareness and a pragmatic approach that balances regulatory defensibility, investor protection and business objectives.
- Attention to detail, ownership mindset and willingness to escalate issues appropriately.
- Ability to communicate complex legal and regulatory matters in clear, concise and decision-useful language.

KEY SUCCESS MEASURES

- Timely and accurate regulatory filings, disclosures and implementation of regulatory changes.
- Quality and turnaround time of legal/compliance review and business advisory.
- Effective identification, escalation and closure of compliance risks, breaches, audit findings and inspection observations.
- Robust documentation, governance discipline and demonstrable effectiveness of the compliance monitoring programme.
- Constructive stakeholder feedback and consistent contribution to compliant business growth.

📌 Senior Manager - Compliance (CAT II AIF) (Mumbai)
🏢 Nuvama Asset Management
📍 Mumbai