Compliance Officer

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Job Summary

The Compliance Officer is a key managerial role responsible for ensuring the Fund Management Entity (FME) operates in full compliance with the IFSCA Fund Management, Capital Market Intermediaries Regulations, and other applicable laws and guidelines. The Compliance Officer oversees the implementation of regulatory and compliance frameworks, monitors adherence to IFSCA requirements, and ensures robust governance and risk management practices. Based in GIFT City, the Compliance Officer will work closely with the Principal Officer to maintain regulatory integrity and safeguard the interests of investors and stakeholders.

Key Responsibilities:

• Ensure compliance with all provisions of the IFSCA (Fund Management) Regulations, and IFSCA (Capital Market Intermediaries) Regulations, including timely submission of annual compliance audit reports by September 30 each year.
• Develop, implement, and monitor compliance policies, procedures, and internal controls to align with IFSCA guidelines and the fund’s operational framework.
• Conduct regular compliance reviews and audits to ensure adherence to regulatory requirements, including those for Venture Capital Schemes, Restricted Schemes, Retail Schemes, ETFs, REITs, or InvITs.
• Act as a key point of contact for IFSCA and other regulatory bodies, facilitating inspections, inquiries, and submission of required reports and disclosures.
• Monitor and report on regulatory changes, including updates proposed in the IFSCA Consultation Paper published by time to time basis, and ensure timely adaptation of the fund’s processes.
• Oversee the preparation and submission of accurate and timely regulatory filings, including placement memoranda, scheme documents, and compliance reports.
• Advise the Principal Officer and fund management team on compliance-related matters, ensuring all activities are conducted within the IFSC framework.
• Implement and monitor risk management protocols to mitigate compliance and operational risks.
• Ensure proper documentation and record-keeping as per IFSCA requirements, including investor communications and disclosures.
• Conduct training programs for staff to promote awareness of regulatory and compliance obligations.
• Ensure the fund house (FME) meets the “fit and proper” criteria as defined by IFSCA, including ongoing monitoring of key personnel.

Qualifications:

• A professional qualification, post-graduate degree, or post-graduate diploma (minimum 1 year in duration, as proposed in the IFSCA Consultation Paper) in finance, law, accountancy, business management, commerce, economics, capital market, banking, insurance, or actuarial science from a university or institution recognized by the Central Government, any State Government, a recognized foreign university, institution, or association; OR
• A certification from an organization, institution, association, or stock exchange recognized/accredited by IFSCA or a regulator in India or a foreign jurisdiction; OR
• Membership of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India, Institute of Cost Accountants of India, or an equivalent institution in a foreign jurisdiction.

Experience:

• At least 5 years of experience in compliance-related fields is required, specifically in supervisory and managerial positions within the securities market or financial products, encompassing roles such as portfolio management, broker-dealer, investment advisory, wealth management, research analysis, or fund management.
• For candidates with membership in the Institute of Company Secretaries of India or an equivalent foreign institution, a minimum of 3 years of experience in compliance or risk management in an entity regulated by a financial sector regulator or a listed company is acceptable, as proposed in the IFSCA Consultation Paper. 
• Comprehensive understanding of IFSCA regulations, encompassing the IFSCA (Fund Management) Regulations, 2022, and the IFSCA (Capital Market Intermediaries) Regulations, 2025.
• Proven expertise in developing and implementing compliance and risk management frameworks.
• Experience in international financial services or cross-border compliance is highly desirable.

Skills and Competencies:

• Strong understanding of regulatory frameworks and compliance processes in financial services.
• Excellent analytical skills with attention to detail in monitoring and reporting.
• Outstanding verbal and written communication skills for regulatory and stakeholder interactions.
• High level of integrity, professionalism, and commitment to ethical standards.
• Ability to work collaboratively with the Principal Officer and fund management team.
• Proficiency in compliance management tools and financial software.
• Additional Requirements  
• Must be based in GIFT City, Gujarat, as required by IFSCA regulations for Key Managerial Persons (KMPs).
• Availability to travel domestically and internationally as required for regulatory or business purposes.
• Certification from institution(s) specified by IFSCA, if required, to meet ongoing professional development standards.
• Must meet IFSCA’s “fit and proper” criteria, with no pending charges for economic offenses or convictions for offenses involving moral turpitude.