Designated Director (Broking Operations & Compliance)

Role Overview

The Designated Directors will provide end-to-end leadership for broking operations and ensure 100% compliance with all regulatory bodies. They will act as principal signatories for audits, governance processes, and statutory filings, while supervising risk, compliance, and operational controls. This is a high-responsibility statutory role requiring deep broking industry expertise.

Key Responsibilities

1. Strategic & Regulatory Leadership

• Serve as Designated Director as per SEBI & Exchange norms.
  
• Liaise with SEBI, NSE, BSE, MCX, CDSL/NSDL, and Clearing Corporations.
  
• Oversee statutory compliance during registration and ongoing operations.
  
• Approve policies on risk, compliance, AML/PMLA, governance, and internal controls.
  

2. Broking Operations Setup

• Lead setup of middle-office, back-office, and front-office systems.
  
• Oversee client onboarding, KYC, settlements, RMS, and operational workflows.
  
• Ensure adherence to SEBI Broker Regulations and exchange guidelines.
  

3. Compliance & AML Oversight

• Supervise compliance frameworks, inspections, audits, and regulatory reporting.
  
• Maintain oversight over KYC, AML, PMLA, and investor grievance redressal.
  

4. Risk Management

• Monitor exposure limits, margin requirements, fraud prevention, and surveillance.
  
• Ensure strong risk management systems and controls across operations.
  

5. Governance & Board Responsibilities

• Serve on the Board to provide governance oversight and approvals.
  
• Ensure adherence to the SEBI Fit & Proper” criteria.
  
• Maintain ethical standards, transparency, and regulatory integrity.
  

Eligibility Requirements

1. Mandatory Certifications

• NISM Series–VII: Securities Operations & Risk Management (SORM)

  – mandatory.

• NISM Series–III-A: Securities Intermediaries Compliance

  – preferred for compliance oversight.

2. Experience

• 2–5 years of experience in stock broking / exchanges / depositories.
  
• Strong exposure to:
  
• Broking operations
  
• Regulatory compliance
  
• Risk management & surveillance
  
• Internal audits
  
• SEBI/NSE/BSE/CDSL inspections
  
• Experience as Director / Operations Head / Compliance Head is preferred.
  

3. SEBI “Fit & Proper” Criteria

• Strong integrity, ethics, and professional reputation.
  
• No convictions or regulatory actions.
  
• Financial solvency and clean professional background.
  

4. Exchange-Specific Conditions

• Must clear background checks & exchange approvals.
  
• Must qualify for:
  
• Designated Director under PMLA
  
• Principal Officer oversight
  
• Key Managerial Personnel requirements