Associate Manager - Regulatory

Role Summary

We are looking for a detail-oriented and proactive Associate Manager – Regulatory to ensure compliance with regulatory requirements governing stock broking operations. The role involves monitoring regulatory changes, ensuring adherence to SEBI, stock exchange (NSE/BSE), and other applicable guidelines, and working closely with internal stakeholders to maintain strong compliance frameworks and mitigate risks.

Key Responsibilities

• Regulatory Compliance Management

  • Ensure compliance with SEBI regulations, exchange circulars (NSE/BSE), and depository regulations (NSDL/CDSL).
  • Interpret and implement new regulatory guidelines and ensure timely dissemination across teams.
  • Monitor adherence to compliance policies and internal control frameworks.

• Regulatory Filings & Reporting

  • Prepare and submit periodic regulatory reports, filings, and disclosures to exchanges and regulators.
  • Ensure accuracy and timeliness of reports such as client-level reporting, margin reporting, and audit submissions.
  • Cook up with internal teams to gather required data for regulatory submissions.

• Regulatory Audits & Inspections

  • Manage and coordinate SEBI/exchange inspections, internal audits, and compliance reviews.
  • Act as a liaison between regulators and the organization during inspections.
  • Track audit observations and ensure timely closure with corrective actions.

• Policy & Process Governance

  • Develop, update, and implement compliance policies, SOPs, and internal guidelines.
  • Ensure business processes align with evolving regulatory requirements.
  • Conduct periodic reviews of existing policies and recommend improvements.

• Stakeholder Coordination

  • Work closely with trading, operations, risk, legal, and technology teams to ensure regulatory compliance.
  • Provide expert guidance on regulatory matters to internal stakeholders.
  • Facilitate training and awareness sessions on regulatory updates.

• Risk Management & Monitoring

  • Identify and mitigate compliance and regulatory risks.
  • Monitor suspicious transactions and ensure adherence to AML/KYC norms.
  • Assist in strengthening internal controls and risk management systems.

• Regulatory Change Management

  • Track regulatory developments and assess their impact on business operations.
  • Lead implementation of regulatory change projects within defined timelines.
  • Ensure smooth transition and minimal disruption during regulatory updates.

Key Requirements

• Educational Qualifications

  • Bachelor’s degree in Finance, Law, Business Administration, or related field
  • Professional certifications such as LLB, CS, CA (Inter/Final), or NISM certifications preferred

• Experience

  • 5–8 years of experience in regulatory compliance, stock broking, capital markets, or financial services
  • Strong exposure to SEBI regulations, exchange compliance, and audit processes

• Skills & Competencies

  • In-depth knowledge of capital markets regulations and compliance frameworks
  • Strong analytical and problem-solving skills
  • High attention to detail and accuracy
  • Excellent communication and stakeholder management skills
  • Ability to manage multiple priorities in a dynamic environment
  • Proficiency in regulatory systems, reporting tools, and documentation

Key Performance Indicators (KPIs)

• Timeliness and accuracy of regulatory filings
• Successful closure of audit observations
• Compliance adherence rate across business functions
• Reduction in regulatory risks and non-compliance incidents
• Effectiveness in implementing regulatory changes