Principal officer- Broker Dealer

Position Overview

The Principal Officer will serve as the designated regulatory officer under IFSCA regulations for our broker-dealer license. This role is critical to ensure that all business and operational activities are compliant with IFSCA & NSE IX guidelines. The ideal candidate brings hands-on experience in retail broking, exchange reporting, and back-office operations along with strategic leadership. 

Key Responsibilities

1. Exchange & Regulatory Reporting

● Act as the regulatory point-of-contact with exchanges, clearing corporations, and custodians.

● Ensure timely and accurate reporting to NSE IX and IFSCA as per all prescribed formats (e.g., trade logs, client activity, UCC validations, etc.).

● Oversee handling of audit queries and routine inspection responses from exchanges or regulators.

2. Broker Operations Management

● Run and improve daily broking workflows: client onboarding, order management, trade execution, margin monitoring, auto square-offs, reconciliations, and settlements.

● Coordinate with back-office vendors, tech platforms, and clearing members to ensure timely reconciliation and settlements.

● Maintain updated SOPs for customer onboarding, trade lifecycle, compliance reporting.

3. Risk, BCP & Cybersecurity Oversight

● Ensure robust risk management frameworks around client exposures, capital adequacy, and liquidity buffers.

● Oversee development and testing of business continuity plans (BCP) and cybersecurity policies, as mandated.

4. Grievance & Client Communication Oversight

● Ensure timely redressal of client grievances, reporting of complaints, and root cause analysis.

● Maintain a transparent and well-documented grievance handling process in accordance with IFSCA expectations.

5. Strategic Execution & Leadership

● Drive operational readiness for new product rollouts.

● Represent in industry forums, regulatory interactions, and product discussions.

● Align broking operations with the company’s business strategy, working cross-functionally with legal, compliance, technology, and product teams.

Qualifications & Experience

Experience Requirements

● Minimum 3 years of experience in financial services market. Preferred hands-on experience in a SEBI or IFSCA-registered broking entity, with clear exposure to operations, exchange compliance, and client servicing.

● Deep understanding of end-to-end brokerage workflows including client onboarding, order execution, margin monitoring, settlements, and reconciliations.

● Familiarity with stock exchange processes (e.g., NSE/NSE IX), clearing corporation coordination, and regulatory reporting obligations. Education Requirements

Education Requirements

Postgraduate degree or diploma (min. 1-year duration) in finance, commerce, law, economics, capital markets, banking, accountancy, insurance, or actuarial science

OR recognized professional certifications such as CFA / FRM / CA / CS / CMA or equivalent foreign designations

OR undergraduate degree with 10+ years of financial services experience

Skills & Competencies

● Strong understanding of IFSCA broker-dealer regulations, SEBI regulations, and FEMA applicability.

● Excellent documentation and reporting discipline (SOPs, audit logs, inspection notes).

● Strong stakeholder management and communication—able to interact with regulators, auditors, and clients.

● Demonstrated integrity, operational maturity, and attention to detail

What We Offer

● Competitive salary aligned with industry standards.

● Attractive ESOPs for long-term value creation.

● A leadership role within a cutting-edge fintech at GIFT City.

● Opportunities for professional growth in India’s evolving capital markets ecosystem