Senior Compliance Manager

As Sr Manager/Associate Director – Compliance, you will own the end-to-end regulatory compliance framework for INDmoney's capital market intermediary business. You will ensure adherence to Securities Laws, Depositories Act,Stock Exchange Byelaws, Stock Broking Regulations, Anti-Money Laundering (AML) Act, CDSL rules, and all other applicable regulations.

This is a senior role requiring deep domain expertise, strong stakeholder management, and theability to build scalable compliance infrastructure in a fast-growing fintech environment.

Education: Qualified Company Secretary (CS) or MBA (Finance / Law preferred)Location: (Hybrid)Preferred Certs: NISM Series VII | NISM Series IIIA

Core Responsibilities:

1. Regulatory Compliance & SurveillanceMaintain deep, current understanding of SEBI Stock Broking Regulations, Stock Exchange Rules & Byelaws,Depository Participant Act, and all applicable circulars, notifications, and guidelines from SEBI, BSE, NSE and CDSLEnsure timely and accurate implementation of regulatory changes across business functions, systems, and controls.Conduct periodic compliance assessments and gap analyses; formulate proposals for policy revisions or new controls.Develop a regulatory change management calendar to proactively track upcoming circulars and set internal deadlines for implementation.2. Policy & Process FrameworkDesign, document, and continuously improve compliance policies and SOPs for the stock broking function.Implement and oversee insider trading prohibition policies and processes as per SEBI (PIT) Regulations.Review and update the Risk Management Framework (RMF) for the stock broking business on a regular basis

3. Internal Controls & AuditIndependently plan and execute internal compliance audits covering KYC, client onboarding, trading activity,back office operations, margin reporting, and settlement obligations.Coordinate with external auditors and regulators during inspections, providing responses and corrective action plans.Maintain an audit trail and compliance log for all regulatory interactions, filings, and action-taken reports.Establish a Compliance Testing Program with monthly thematic reviews on high-risk areas (e.g., algo trading controls, margin pledging, MTF, settlement etc).

4. Anti-Money Laundering (AML) & CFTEstablish and implement the group-level AML/CFT policy framework in line with PMLA, FIU-IND guidelines,and SEBI AML circulars.Manage end-to-end AML monitoring processes: customer due diligence (CDD), enhanced due diligence (EDD),transaction monitoring, and suspicious activity review.Conduct periodic AML training for onboarding, operations, and sales teams.Implement rule-based and AI-assisted transaction monitoring tools to detect layering, structuring, and other typologies at scale.Define risk-based client segmentation (Low / Medium / High) and apply proportionate monitoring intensity to each segment.

Domain Knowledge (Must-Have):Expert understanding of SEBI Regulations – Stock Brokers, Depositories Act, PMLA, PIT Regulations, and related circulars.Hands-on experience with capital market intermediary operations: order management, clearing, settlement, and margin obligations.Strong knowledge of KYC/AML frameworks including CDD, EDD, STR/CTR and FIU-IND reporting.Familiarity with SEBI's Algorithmic Trading framework and cybersecurity guidelines for market intermediaries.

Preferred Experience:10 years in stock broking compliance, securities law, AML compliance, or capital market risk management.Prior exposure to capital market compliance.Experience in a fintech / digital broker environment with high retail volumes (preferred).Exposure to compliance technology tools such as RegTech platforms, transaction monitoring systems, or GRC software.