Head of Compliance

As the Head of Compliance, you will be responsible for overseeing and ensuring compliance with all regulatory requirements and risk management practices for IMC India. You will work closely with Global Compliance teams, Risk Manager, Trading, Technology, Finance, Operations and other key stakeholders. As a Compliance Officer you will ensure that IMC operates within the legal and regulatory framework set by SEBI and other regulators.. This role requires a strategic thinker with strong analytical skills to provide key compliance insights and business recommendations to management based on regulatory updates.

Your Core Responsibilities: 

Your responsibilities will include, but not be limited to:

• Oversee and coordinate regulatory reporting efforts and audits, ensuring timely and accurate submissions.
• Manage and oversee regulatory inspections, periodic regulatory audits, including Internal, Systems, Cyber, and other regulatory audits, ensuring timely resolution of findings / observations.
• Address and resolve Exchange and Regulatory alerts, investigations, and suspicious activity reports, while effectively communicating updates to the Board of Directors and Group Chief Risk Officer.
• Oversee employee compliance requirements, including mandatory trainings and declarations and provide relevant assistance where required.  
• Oversee all the secretarial compliances as per Companies Act, 2013 and other applicable rules and regulations. Supervising follow-up actions with internal teams and external stakeholders to ensure prompt resolution of compliance related issues.
• Monitoring the Risk Management System (RMS) in the absence of Risk Manager.
• Provide strategic recommendations to management on business opportunities and key action points stemming from revised regulations, ensuring proactive alignment with evolving compliance requirements.
• Conduct periodic risk assessments to identify areas of potential compliance vulnerability and drive mitigation strategies.
• Keep abreast of regulatory developments, ensuring timely implementation of changes in laws and regulations.
• Acting as the company’s primary liaison with SEBI and other regulators, representing IMC India in regulatory discussions and engagements.
• Ensure the compliance programs and systems are regularly updated and functioning effectively, aligning with all relevant regulatory frameworks.
• Assist the Board and Senior Management in overseeing the implementation of Compliance Policies, procedures, prescriptions in Compliance Manuals, and internal codes of conduct.
• Promote IMC’s Compliance culture, awareness of regulatory developments, and best practices within the business
• Identify innovative and technology-driven solutions to streamline and scale compliance processes
• Play a central role in identifying the level of Compliance risk in the organization and provide insights to the Board on mitigation strategies.
• Ensure compliance with supervisory directions from regulatory bodies and communicate relevant updates to the Board.
• Collaborate with the Board and Senior Management to ensure that compliance measures align with business objectives while adhering to all compliance requirements.

Your Skills and Experience: 

• Over 10+ years of experience in compliance, secretarial, and risk management roles in the securities market.
• Qualified Company Secretary (CS) or Chartered Accountant. LLB will be an added advantage.
• A thorough understanding of Business Rules, Bye-Laws, and various regulatory provisions of SEBI and various Exchanges and Clearing Corporations 
• NISM-Series-III-A and VII certifications (or readiness to obtain before joining).
• Strong analytical, communication, and project management skills.
• Technology skills involving scripting and databases (eg SQL) are an advantage.