Compliance Officer (Proprietary trading desk)

Position:

Job Overview:

Compliance Officer

Key Responsibilities:

1. Regulatory & Exchange Compliance:

• Ensure adherence to SEBI, NSE, BSE, MCX, and other regulatory frameworks applicable to broking and prop trading activities.
• Manage end-to-end exchange compliance requirements such as audits, reporting, circular implementation, and system audits.
• Act as liaison with regulators and exchanges, ensuring prompt responses to notices, queries, or inspections.

2. Algo Trading & Risk Compliance:

• Oversee compliance for algorithmic trading strategies, ensuring all algo orders are exchange-approved and mapped as per regulatory guidelines.
• Monitor real-time trading activity for potential breaches of defined risk parameters (e.g., price bands, PNCs, OTRs, fat-finger checks).
• Coordinate periodic system audits, kill switch testing, and algorithm testing protocols in line with SEBI and exchange requirements.
• Collaborate with risk and technology teams to implement pre-trade risk controls, position limits, and surveillance mechanisms.

3. Internal Controls & Frameworks:

• Maintain and update internal compliance policies and SOPs in line with evolving regulatory standards.
• Conduct internal audits and surprise checks to evaluate process integrity across business and tech functions.
• Train staff and trading desk members on compliance policies, regulatory updates, and risk protocols.

4. Surveillance & Reporting:

• Use surveillance tools to monitor insider trading, front-running, spoofing, and other prohibited activities.
• Drive compliance reviews post market anomalies or outages.

Qualifications:

• Bachelor’s or Master’s in Law, Finance, or related discipline. Compliance certifications (e.g., NISM Series III, Series VII) preferred.
• 5+ years of compliance experience in a SEBI-registered broking house, proprietary trading firm, or exchange.
• Strong knowledge of SEBI circulars, algo trading regulations, risk control mechanisms, and exchange operations.
• Experience dealing with exchange inspections, algo audits, and regulatory technology integration.
• Analytical and tech-savvy with ability to understand risk systems, trading APIs, and surveillance tools.

Skills:

• Excellent communication and stakeholder management skills.
• High integrity, attention to detail, and proactive problem-solving.
• Ability to work independently and under pressure in a fast-paced trading environment.

Preferred:

• Exposure to high-frequency or low-latency trading environments.
• Understanding of FIX/OMS/RMS systems and pre-trade risk APIs.
• Prior interaction with SEBI/Exchange officials or participation in regulatory committees.