Deputy manager - Enforcement

Position name: Deputy Manager-Enforcement.

Experience: 1+ Years

Location: BKC Mumbai.

Purpose of the role

The Primary responsibility of the role is to be responsible and ensure timely initiation of disciplinary proceedings against the Clearing Member and to ensure that the internal and external TAT is compiled

with for all the functions/duties performed under the Role. The role and responsibilities interalia include timely processing of all Inspection Reports within the specified TATs, ensure the correctness

of the Letter of Observation (LO), Reply Analysis of the response received from Members, the verification of the facts and figures mentioned in the Show Cause Notices, Verification of other

internal process followed for placing the matter before the relevant Committee.

Key Responsibilities

Post Inspection Enforcement Activities.

• Send the letter of observation to the members after the inspection report is approved internally (for onsite and offsite inspection).
• Prepare the enforcement summary note after receiving the members reply.
• Issuance of Show Cause Notices to members for critical inspection observations
• Coordination with members for reply and clarifications and escalations in case of non- submissions
• Present the case of the member before the Relevant Authority (i.e. the Member Committee i.e. MC)
• Coordinate for organizing of the MC meeting, as per requirement and prepare the Notice, Agenda and minutes of the meeting

Closure of Enforcement

• Send the action intimation letter to the members communicating the monetary penalty imposed / interim direction provided/ warning given to the members after finalization of minutes
• For matters related to SCN, prepare draft speaking order in a lucid manner by capturing all the critical matters related to enforcement
• Liaison with various internal stakeholders like Legal Department for their feedback of various documents, Finance & Accounts for penalty collection etc.
• Testing of internal systems
• Handling penalty review and appeal cases Other activities
• Prepare circulars to be sent to members informing them about new or changes in regulatory requirements
• Review penalty framework in comparison with other Market Infrastructure Institutions (MIIs)
• Manage grievance redressal mechanism

Report on Generation

1. Interfacing internal departments for the purpose of collecting information for generating reports on compliance related matters, facilitating regulatory queries resolution, etc.

2. Preparing the various internal MIS reports and other reports / submissions pertaining to compliance under the SEBI Regulations.

3. Initiate process upgradation requirements as necessitated by change in regulatory framework.

External Interface

1. Submission of various reports/data/information to stakeholders with TAT

2. Interacting with Regulator - SEBI for enforcement compliance related matters.

3. Ensuring adherence to the timelines fixed in regulatory matters

4. Assisting in Inspection by Regulator and External Agencies.