Senior Manager - Regulatory

Role Summary

The Senior Manager – Regulatory, Operations & Compliance will be responsible for ensuring adherence to regulatory frameworks governing stock broking operations, overseeing trade and post-trade operational processes, and implementing robust compliance systems. The role requires deep knowledge of securities regulations, strong operational expertise, and the ability to manage audits, regulatory interactions, and internal controls effectively.

Key Responsibilities

• Regulatory Compliance
  • Ensure compliance with all applicable regulations (e.g., SEBI, Exchanges – NSE/BSE, Depositories – NSDL/CDSL, and other relevant authorities).
  • Interpret and implement new regulatory circulars, guidelines, and policies.
  • Conduct periodic compliance checks and ensure corrective action on observations.
  • Maintain statutory registers, records, and regulatory filings.
  • Liaise with regulators, exchanges, and auditors on compliance matters.
• Operations Oversight
  • Oversee end-to-end broking operations including:
  • Trade execution and confirmations
  • Clearing and settlement
  • Margin management
  • Client onboarding and KYC processes
  • Ensure operational efficiency, accuracy, and adherence to SOPs.
  • Handle operational escalations and resolution of discrepancies.
  • Drive automation and process improvement initiatives.
• Risk Management & Controls
  • Monitor operational and compliance risks across business functions.
  • Implement internal controls to mitigate risks related to trading, settlements, and client transactions.
  • Conduct internal audits and coordinate with external auditors.
  • Ensure adherence to Anti-Money Laundering (AML), KYC, and PMLA requirements.
• Regulatory Reporting
  • Ensure timely submission of all regulatory reports including:
  • Daily margin reporting
  • Client fund/securities reporting
  • Suspicious transaction reports (STRs)
  • Periodic compliance certificates
  • Validate accuracy and completeness of data submitted.
• Policy & Process Management
  • Develop, review, and update compliance policies, SOPs, and operational manuals.
  • Establish and maintain compliance monitoring frameworks.
  • Ensure proper documentation and version control.
• Stakeholder Management
  • Act as a key point of contact for regulators, auditors, and internal stakeholders.
  • Collaborate with trading, risk, technology, and client servicing teams.
  • Provide guidance on regulatory matters to business units.
• Team Leadership
  • Lead and mentor a team of compliance and operations professionals.
  • Allocate tasks, monitor performance, and ensure timely delivery.
  • Drive a strong compliance culture across the organization.
• Training and Awareness
  • Conduct training sessions on regulatory updates and compliance best practices.
  • Increase awareness among employees regarding operational risks and compliance obligations.

Qualifications & Experience

• Bachelor’s degree in Finance, Commerce, Law, or related field (Master’s preferred)
• Professional certifications such as NISM, CAMS, or equivalent preferred
• 8–12+ years of experience in compliance and operations within a stock broking or financial services firm
• Hands-on experience dealing with SEBI, exchanges, and depositories

Key Performance Indicators (KPIs)

• Zero major regulatory breaches or penalties
• Timely submission of regulatory reports
• Reduction in operational errors and audit findings
• Successful completion of audits and inspections
• Process improvement and automation outcomes