AVP – Legal, Compliance, Surveillance and Control

The candidate/officer is responsible for ensuring that the Institutional Equities vertical of stock broking firm complies with all applicable securities laws, SEBI regulations, stock exchange rules, and internal policies. The officer will monitor trading activities, oversee client onboarding compliance, manage regulatory reporting, and act as liaison with regulators for Institutional Equities vertical.

Key Responsibilities:

• Regulatory Compliance:

  Responsible for monitoring and adhering to SEBI Regulations, Exchange circulars, guidelines and requirements. Additionally, oversee the implementation of KYC (Know Your Customer) and PMLA (Prevention of Money Laundering Act) norms for our Institutional clients.

• Client Onboarding & KYC/AML Compliance:

  Overseeing client onboarding process and ensuring adherence to KYC (Know Your Client) and AML (Anti Money Laundering) norms as per PMLA (Prevention of Money Laundering Act) and SEBI circulars. Monitoring client transactions and suspicious activity reporting as required. Ensure timely filing of Suspicious Transaction Reports (STR) and other regulatory filings.

• Surveillance Function:

  Manage the Surveillance function for our Institutional business, which includes promptly addressing Exchange surveillance alerts, generating internal alerts, conducting investigations, and ensuring timely closures.

• Legal:

  Review of agreements, T&Cs for client empanelment, vendor empanelment, exchange undertakings etc.

• Control Function and Audits:

  As Single Point of Contact (SPOC), handle all audits for the Institutional Equities vertical from compliance side. The role involves overseeing control-related functions and ensuring strict adherence to regulatory guidelines.

• Regulatory Relations:

  Actively engage with regulators, with a primary focus on SEBI, NSE and BSE, to address various compliance and regulatory matters.

• Research Audit and Report Approval:

  Play a key role in reviewing and approving Research Reports issued by KIE, ensuring full compliance with applicable regulations. Also take care of annual audit aspects of Research Function.

• Employee Training:

  Conduct comprehensive training sessions for our employees on Code of Conduct, SEBI Insider Trading regulations, SEBI FUTP Regulations, and other relevant topics. Also serve as the face of compliance for monitoring employee trading activities, provide advice on employee trading, formulate related policies, and implement systems for effective monitoring.

• Regulatory Compliance and Implementation

  : Actively support the company in setting up new business segments, including projects like GIFT City incorporation and licensing activities in other jurisdictions.

• Policy & Procedure Framework

  : Developing and implementing internal policies and standard operating procedures (SOPs) aligned with SEBI regulations and exchange requirements. Maintaining and update the Risk Management and Compliance Manual.

Additional Responsibilities:

• Regular interaction with internal auditors (both independent as well as inhouse team), external auditors for timely submission of data and requirement and ensuring timely completion of various Audits.

Regular interaction with Company Secretarial team of KSL for providing Board and Committee agenda items from Institutional equities side