Chief Compliance Officer

Chief Compliance Officer (CCO)
Title: Chief Compliance Officer (CCO)Entity:[Your Stock Brokerage/Depository Participant/Member of a Recognized StockExchange]Location:[Pune.][On-site]The Chief Compliance Officer (CCO) is a critical Senior Management role,

• The CCO will be responsible for ensuring that our organization
  

complies with all external rules, regulations, and internal codes of conduct
governing the Indian securities market. This role demands a proactive leader with anin-depth understanding of SEBI regulations, exceptional analytical skills, and theauthority to enforce a robust culture of compliance across all business functions.Key Responsibilities

• Regulatory Compliance & Adherence:
• Ensure strict compliance with all applicable SEBI regulations, including but not
  

Limited To

• SEBI (Stock Brokers) Regulations, 1992
• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (Prevention of Fraudulent and Unfair Trade Practices) Regulations, 2003
• SEBI (KYC) Requirements & Anti-Money Laundering (AML) Standards
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• SEBI (Investment Advisers) Regulations, 2013 (if applicable)
• Stay abreast of new SEBI circulars, guidelines, and notifications, and implement
  

necessary changes in policies and procedures.

• Policy Framework & Implementation:
• Develop, implement, and review robust compliance policies, including the Code of
  

Conduct for Prevention of Insider Trading, Code of Conduct for Ethics, AML Policy,
and Privacy Policy.

• Design and implement a structured compliance monitoring program to test the
  

effectiveness of internal controls.

• Internal Controls & Risk Management:
• Conduct regular internal audits and risk assessments of all key business areas like
  

trading, sales, research, and back-office operations.

• Monitor employee personal trading accounts as per the Insider Trading norms.
• Scrutinize trading activities to detect and prevent potential market abuse, front-
  

running, or other fraudulent practices.

• Liaison & Reporting:
• Act as the single point of contact for all communications with SEBI, Stock
  

Exchanges (NSE, BSE), and Depositories (NSDL, CDSL).

• Ensure timely and accurate submission of all statutory returns, reports, and
  

disclosures as required by the regulators.

• Prepare and present detailed compliance reports to the CEO and the Board of
  

Directors/Compliance Committee on a quarterly basis, highlighting breaches, risks,and the overall health of the compliance program.

Mandatory

Qualifications & Experience

• A Bachelor's degree in Finance, Commerce, or Law. A Master's degree
  

(MBA/Finance) or professional qualification (CA, CS, CFA, LLB) is highly preferred.

• A mandatory certification from the National Institute of Securities Markets (NISM)
  

as per SEBI requirements (e.g., NISM-Series-III A: Securities Intermediaries
Compliance (Non-Fund) Certification).

• Minimum of 7 to 10 years of relevant experience in the compliance function of a
  

SEBI-registered stock broker, merchant banker, or a related intermediary in the
Indian capital markets.

• Proven track record of directly handling SEBI, Exchange, and Depository
  

inspections and audits.

Important Notes For Hiring In India

• Mandatory Certification: The NISM-Series-III A certification (or its relevant
  

successor) is not just a preference; it is a regulatory requirement for a CCO in a
stockbroking firm. Ensure the candidate has it or is willing to obtain it immediatelyupon hiring.

• SEBI's "Fit and Proper" Criteria: The candidate must meet SEBI's "Fit and Proper"
  

criteria, which includes a clean disciplinary record.

• Reporting Line: SEBI guidelines emphasize the independence of the CCO. The
  

reporting line to the Board/Compliance Committee is crucial and should be clearly
established.

• Liability: The CCO role carries significant responsibility and potential personal
  

liability under SEBI regulations, making it a high-stakes position.