Senior Associate - Regulatory Compliance

Listing expiry: 23 October 2026

About the role

Role Overview

The Senior Associate – Regulatory Compliance will develop, implement, and maintain compliance policies, procedures, and internal controls for regulated investment management activities. The role covers SEBI regulatory frameworks, policy drafting, regulatory interpretation, filings, investor due diligence, audits, compliance monitoring, and regulatory risk management across Portfolio Management Services, Alternative Investment Funds, Investment Advisers, and Research Analysts.

Key Responsibilities

• Manage and monitor regulatory compliance obligations across Portfolio Management Services, Alternative Investment Funds, Investment Adviser, and Research Analyst registrations.
• Maintain compliance calendars for periodic filings, event-based disclosures, regulatory submissions, and other applicable obligations.
• Monitor SEBI regulations, circulars, guidelines, and master circulars; assess regulatory changes and coordinate their implementation.
• Identify compliance gaps and regulatory risks, recommend corrective measures, and maintain compliance registers and supporting documentation.
• Ensure business activities remain within the scope of applicable registrations and regulatory permissions.
• Identify required policies, manuals, standard operating procedures, and internal control frameworks for each registration.
• Draft, review, implement, and periodically update regulatory policies and procedures, coordinating the necessary approvals and adoption.
• Translate approved policies into operational procedures, checklists, compliance controls, and employee guidance.
• Maintain a central policy repository with version control, approval records, review dates, and implementation evidence.
• Coordinate with investment, research, operations, finance, investor relations, senior management, external legal advisers, and regulatory consultants.
• Manage day-to-day PMS compliance, including client onboarding documentation, portfolio management agreements, investment mandates, disclosures, investor reporting, and applicable filings.
• Support AIF registration processes, regulatory applications, and operational readiness for new funds and structures.
• Review private placement memorandums, contribution agreements, investor disclosures, fund policies, investment restrictions, and fund-level reporting obligations.
• Coordinate with trustees, custodians, fund administrators, auditors, legal advisers, and other service providers on fund compliance matters.
• Manage compliance requirements for Investment Adviser and Research Analyst registrations, including advisory activities, research publications, recommendations, disclosures, client agreements, and conflicts-of-interest controls.
• Prepare, review, or coordinate periodic and event-based regulatory filings, maintain submission records, monitor deadlines, and prepare compliance reports for management.
• Coordinate KYC, investor due diligence, beneficial ownership verification, screening, and applicable anti-money-laundering requirements.
• Review investor onboarding documents, remediate documentation gaps, maintain due diligence records, and escalate suspicious transactions or potential red flags.
• Develop and execute compliance monitoring plans, review transactions and operational processes, and assess internal controls and adherence to approved procedures.
• Coordinate internal and external compliance audits, regulatory inspections, and information requests; track observations and corrective actions through closure.
• Escalate material breaches, unresolved compliance issues, and significant regulatory risks to the designated Compliance Officer and senior management.
• Prepare management updates, exception summaries, and regulatory reports, and maintain documentation for board, partner, and committee reviews where applicable.
• Promote a strong compliance culture through practical guidance, effective communication, confidentiality, independence, integrity, and accountability.

Qualifications & Experience

• Bachelor's degree in Commerce, Finance, Law, Business Administration, or a related discipline.
• 5–8 years of relevant regulatory compliance experience within PMS, AIFs, investment management, asset management, or other SEBI-regulated financial services organisations.
• Strong working knowledge of regulatory frameworks applicable to PMS, AIF, Investment Adviser, and Research Analyst registrations.
• Demonstrable experience drafting, reviewing, implementing, and maintaining regulatory policies, compliance manuals, and standard operating procedures.
• Experience translating regulatory requirements into operational procedures and internal controls.
• Hands-on experience with regulatory filings, compliance monitoring, regulatory interpretation, documentation, and audit coordination.
• Experience coordinating with auditors, legal advisers, custodians, trustees, fund administrators, or other relevant stakeholders.
• Strong written communication, analytical, and documentation skills.
• Proficiency in Microsoft Excel, Word, and compliance documentation tools.
• Relevant NISM certifications or other professional qualifications are an advantage, subject to applicable role requirements.

Additional Details

• The preferred background is with a PMS provider, AIF manager, investment management firm, securities market intermediary, or professional services firm advising such entities.
• Exposure to multiple SEBI registrations, preferably at least two among PMS, AIF, Investment Adviser, and Research Analyst frameworks, is preferred.
• Experience independently developing or substantially contributing to regulatory policy frameworks, including drafting policies, coordinating approvals, implementing procedures, and updating documentation after regulatory changes, is preferred.
• The ideal candidate should be able to independently manage compliance calendars, policy development, regulatory filings, and compliance reviews.