Regulatory Compliance Manager

About the Company

Jainam Broking Limited is a fast-growing financial services organisation delivering comprehensive investment and wealth management solutions across India. With a strong foundation of trust, innovation, and client-centricity, Jainam continues to expand its presence in the capital markets ecosystem.

About the Role

We are seeking an experienced and detail-oriented Manager Regulatory (Operations & Compliance Core) to oversee regulatory adherence, operational risk monitoring, and compliance governance within the organisation. The role will be responsible for ensuring end-to-end regulatory compliance across Equity, Derivatives, Currency, Commodity, and Depository operations, while supporting audits, inspections, reporting, and internal control mechanisms.

Responsibilities

• Regulatory Compliance & Governance
• Ensure compliance with SEBI, Exchange (NSE/BSE), and Depository (NSDL/CDSL) regulations
• Monitor regulatory circulars and ensure timely implementation
• Assist in drafting and updating internal policies, SOPs, and compliance manuals
• Liaise with exchanges, depositories, and regulators for reporting and clarifications
• Support implementation of new regulatory changes across operations

• Operational Oversight
• Supervise daily trading operations and back-office processes
• Monitor client onboarding (KYC, CKYC, AML, PMLA compliance)
• Oversee margin framework (Peak Margin, ELM, VAR, MTM reporting)
• Monitor client funding, pledge/re-pledge mechanisms, and RMS reporting
• Ensure accurate funds & securities reconciliation (Client & Proprietary segregation)
• Oversee DP operations and account modifications (if applicable)
• Support enhanced supervision and investor grievance handling processes

• Inspection & Audit Support
• Coordinate SEBI, Exchange, and Depository inspections
• Prepare documentation and data for regulatory audits
• Track and ensure timely closure of audit observations
• Maintain updated compliance records and audit-ready documentation

• Risk Management & Controls
• Identify operational and compliance risks and recommend mitigation measures
• Ensure adherence to AML & PMLA guidelines
• Conduct internal compliance reviews and periodic checks
• Strengthen maker-checker processes and documentation standards
• Assist in improving system-based compliance monitoring

• Reporting & Documentation
• Prepare and submit regulatory filings within defined timelines
• Ensure accuracy in margin reporting, client funding disclosures, and exchange submissions
• Maintain statutory registers and compliance records
• Prepare compliance MIS and present key updates to senior management

• Team & Cross-Functional Coordination
• Mentor and guide junior compliance/operations team members
• Coordinate with RMS, Finance, Legal, Technology, and Business teams
• Conduct compliance awareness sessions for operational staff
• Support senior leadership with regulatory data and reporting insights

Qualifications

• Educational Qualification
• Graduate/Postgraduate in Finance, Commerce, or related field
• NISM certifications (mandatory as applicable)
• CA / CS / MBA (Finance) / LLB preferred

• Experience
• 712 years of experience in stock broking/capital markets
• Hands-on experience with exchange compliance, inspections, and audits
• Strong exposure to broking operations and back-office processes

Required Skills

• Technical Knowledge
• Strong understanding of SEBI regulations
• Exchange compliance (NSE/BSE)
• Depository compliance (NSDL/CDSL)
• Margin framework & reporting
• PMLA & AML guidelines
• Trading platforms and RMS/back-office systems

• Core Competencies
• Strong analytical and risk assessment skills
• High attention to detail
• Excellent documentation and regulatory drafting skills
• Strong stakeholder coordination abilities
• Ability to work effectively under regulatory deadlines

Preferred Skills

• Experience in retail / discount broking firm
• Exposure to multi-exchange membership structure
• Familiarity with RMS systems and compliance dashboards
• Basic understanding of algorithmic/API trading compliance (preferred)