Job Overview: We are looking for a detail-oriented and proactive Compliance & Operations professional to manage regulatory compliance and operational processes for our SEBI-registered Investment Advisory (RIA) and Portfolio Management Services (PMS) business. The ideal candidate should have a strong understanding of SEBI regulations, operational workflows, documentation, and coordination with internal and external stakeholders.
Key Responsibilities:
Compliance:
- Ensure compliance with SEBI regulations applicable to RIA and PMS businesses.
- Prepare, review, and maintain statutory records, registers, and regulatory documentation.
- Coordinate with auditors, compliance consultants, exchanges, custodians, and regulatory authorities.
- Manage regulatory filings, disclosures, and periodic reporting within prescribed timelines.
- Track regulatory updates and assist in implementing changes across the organization.
- Monitor adherence to internal compliance policies, SOPs, and governance standards.
- Support internal, statutory, and SEBI audits by providing necessary documentation and responses.
Operations:
- Manage end-to-end client onboarding, KYC verification, and account opening documentation.
- Coordinate with custodians, brokers, RTAs, banks, and other financial institutions for operational activities.
- Ensure timely execution and reconciliation of investment transactions.
- Maintain accurate client records, agreements, and operational documentation.
- Prepare MIS reports, compliance reports, operational dashboards, and management reports.
- Monitor operational risk and recommend process improvements to enhance efficiency. Resolve operational queries from internal teams and clients.
Documentation & Reporting:
- Maintain agreements, client records, regulatory registers, and compliance documents.
- Prepare monthly, quarterly, and annual compliance reports.
- Ensure proper record retention in accordance with SEBI regulations.
- Assist in drafting and updating internal policies, SOPs, and operational manuals.
Stakeholder Management:
- Collaborate with Investment, Relationship Management, Finance, Legal, and Technology teams.
- Coordinate with external vendors, custodians, consultants, and auditors for smooth business operations.
Desired Candidate Profile:
- Bachelor’s degree in commerce, Finance, Business Administration, Law, or a related field.
- 3–7 years of experience in Compliance and Operations within Wealth Management, PMS, RIA, Mutual Funds, Broking, or Asset Management.
- Good understanding of SEBI (Investment Advisers) Regulations and SEBI (Portfolio Managers) Regulations.
- Knowledge of KYC, AML, FATCA, CKYC, and investor onboarding processes. Proficiency in MS Excel and reporting tools. Strong analytical, documentation, and problem-solving skills.
- Excellent communication and stakeholder management abilities.
- Ability to work independently and manage multiple priorities.
Preferred Experience:
- Experience working in a SEBI-registered RIA or PMS organization.
- Familiarity with compliance management systems and wealth management platforms.
- Exposure to regulatory audits and compliance reporting.
- Certifications such as NISM Investment Adviser (Level 1 & 2), NISM Series XXI-A/B, or other relevant certifications will be an added advantage.
Key Competencies:
- Regulatory Compliance
- Operations Management
- Documentation & Record Management
- Attention to Detail
- Risk & Control Analytical Thinking
- Stakeholder Management
- Process Improvement
- Time Management
- Integrity & Confidentiality
Benefits on being a part of Finnovate:
➢ Health Insurance: Coverage including options for dependents.
➢ Paid Time off: Vacation days and holidays, allowing employees to take time off while still receiving pay.
➢ Parental Leave: Paid time off for new parents, including maternity, paternity, and adoption leave.
➢ Recognition and Incentives: Performance-based variable pay or recognition programs to reward employees for their contributions.
➢ Company Events and Celebrations: Company outings, team- building activities for bonding between team members
➢ Employee Recognition Programs: Awards, incentives, or bonuses for outstanding performance or tenure.
➢ Employee Referral Programs: Bonuses or incentives for referring qualified candidates who are hired by the company.
Working Days: Monday to Saturday (Alternate Saturdays off)
Working Time: 9.30 am to 6.30pm (Employees working on Sundays are eligible for a comp off)
Finnovate Mumbai, Maharashtra, IND Office
Mumbai, Maharashtra, India, 400066
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