Responsibilities:
- Operation related Compliance:
- Ensure all operational activities adhere strictly to SEBI regulations, exchange bye-laws, PMLA guidelines, and other relevant statutes.
- Regularly review and update internal operational policies and procedures to align with evolving regulatory requirements and industry best practices.
- Oversee daily operational checks to ensure compliance across all trading segments (Equity, Derivatives, Commodities, Currency).
- Implementation of new Compliances in Operations:
- Proactively identify, interpret, and implement new regulatory guidelines and circulars issued by SEBI, Exchanges, and other authorities that impact operations.
- Develop and execute comprehensive action plans for the seamless integration of new compliance requirements into existing operational workflows and systems.
- Communicate changes effectively to relevant teams and provide necessary training.
- Regulatory Compliance & Reporting:
- Prepare and submit accurate and timely regulatory reports to SEBI, Exchanges (NSE, BSE, MCX, NCDEX), CDSL/NSDL, and other relevant bodies.
- Liaise with internal compliance teams to ensure synergy between operational practices and overall compliance framework.
- Maintain meticulous records of all regulatory submissions and communications.
- Risk Management & Internal Controls:
- Develop, implement, and monitor robust internal controls to mitigate operational risks, including but not limited to fraud, error, system failures, and data breaches.
- Conduct regular risk assessments of operational processes and identify potential vulnerabilities.
- Establish and monitor key risk indicators (KRIs) and implement corrective actions as needed.
- Oversee the management of client complaints and grievances, ensuring timely and effective resolution in compliance with regulatory guidelines.
- Corporate Governance:
- Adhere to the highest standards of corporate governance in all operational dealings.
- Ensure transparency and accountability in operational decision-making.
- Contribute to the development and enforcement of ethical conduct within the operations team.
- Regulatory Relationship Management:
- Act as a key point of contact for regulatory authorities concerning operational matters.
- Represent the firm effectively during regulatory inspections, audits, and inquiries.
- Maintain a constructive and proactive relationship with regulators.
- Documentation & Process Implementation:
- Develop, standardize, and maintain comprehensive documentation for all operational processes, workflows, and procedures (SOPs).
- Ensure all operational activities are performed in accordance with documented procedures.
- Continuously review and optimize operational processes for efficiency, accuracy, and scalability.
- Audit Coordination:
- Coordinate effectively with internal and external auditors for operational audits, regulatory audits, and system audits.
- Provide necessary documentation and explanations to auditors.
- Ensure timely implementation of audit recommendations and remediation of identified deficiencies.
- Collateral Management:
- Oversee the efficient and compliant management of client collateral (securities and funds) as per regulatory norms.
- Ensure accurate valuation, reporting, and utilization of collateral for various segments.
- Implement robust controls to prevent misuse or unauthorized pledging of client assets.
- Technology Implementation:
- Collaborate with the IT department to identify, evaluate, and implement new technologies and automation solutions to enhance operational efficiency, accuracy, and compliance.
- Oversee the UAT (User Acceptance Testing) of new systems and functionalities.
- Drive initiatives for process automation and digital transformation within operations.
- Ensure the smooth functioning of trading platforms, back-office systems, and other operational software.
Qualifications & Experience:
- Bachelor's degree in Finance, Business Administration, or a related field. Master's degree or professional certifications (e.g.,1 NISM certifications) preferred.
- 5+ years of progressive experience in Operations within a SEBI-registered stock broking firm.
- In-depth knowledge of Indian capital market regulations (SEBI, Exchanges, Depositories) and operational best practices.
- Proven track record of successful regulatory compliance and risk management.
- Strong understanding of various financial products and trading segments.
- Experience with back-office software and trading platforms commonly used in stock broking.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership, team management, and interpersonal skills.
- Exceptional communication2 (written and verbal) and presentation abilities.
- Ability to work effectively under pressure and manage multiple priorities.
Job Types: Full-time, Permanent
Pay: ₹60,000.00 - ₹90,000.00 per month
Benefits:
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Provident Fund
Schedule:
Supplemental Pay:
Work Location: In person
