Job
Description
The person for Institutional Equities will be responsible for ensuring that all equity trading activities conducted on behalf of institutional clients comply with SEBI regulations, stock exchange requirements, and internal compliance frameworks. This includes advising front office personnel, monitoring trading activities, managing regulatory issues, and liaising with SEBI and other market infrastructure institutions (MIIs). Key Responsibilities: 1. Regulatory Compliance: Ensure compliance with SEBI (Stock Brokers) Regulations , PMLA , SEBI (Prohibition of Insider Trading) Regulations , SEBI (LODR) , and circulars issued by SEBI, NSE, BSE. Monitor adherence to SEBI rules on algorithmic trading , co-location , client onboarding (KYC/AML) , and institutional trade execution . Keep track of updates to SEBI regulations and implement internal changes accordingly. 2. Trade Surveillance & Monitoring: Monitor institutional equity trades for potential market abuse , insider trading , front-running , and circular trading using surveillance tools (e.g., NSE/BSE alerts). Coordinate with surveillance and risk teams to investigate unusual patterns and generate STRs if required. 3. Compliance Monitoring Act as the first point of contact for institutional equities desk (sales & trading) on regulatory or compliance-related queries. Guide the desk on interpretation and application of SEBI rules (e.g., DDP rules, FPI participation limits, AIF restrictions). Conduct sample testing and periodic reviews of equities trades and processes. Maintain records and documentation of compliance reviews, exception reporting, and corrective actions. 4. Training & Awareness: Conduct periodic training for institutional equity desk staff on regulatory requirements and internal code of conduct, including SEBI’s insider trading norms. 5. Internal & External Coordination: Support internal audits, SEBI/NSE/BSE inspections, and compliance reviews. Collaborate with legal, surveillance, KYC, and risk teams to manage regulatory expectations and ensure robust governance. Qualifications: Education: Graduate / Postgraduate in Law, Finance, or Commerce. Additional certifications such as NISM Series IIIA (Compliance Officer Module) or NISM Series VII (Securities Operations & Risk Management) are desirable. Experience: 3-5 years of relevant experience in compliance within Institutional Equities or a broking/investment banking environment. Experience dealing with SEBI, NSE, BSE, and understanding of institutional investor categories (FPIs, Mutual Funds, AIFs, PMS). Skills & Competencies: Strong knowledge of SEBI regulations , equity market structure, and institutional trading norms. High integrity, detail-oriented, and strong analytical skills. Excellent communication skills – ability to interact effectively with trading desks, senior management, and regulators. Proficiency in Excel, Word, and exposure to trading and surveillance systems. Show more Show less
