Chief Compliance Officer - Stock Broking

Role Overview:

Company seeking an experienced, high-integrity Chief Compliance Officer (CCO) to lead regulatory governance, statutory compliance, risk controls, and regulatory relations across all entities: Univest, Univest Broking, and Univest Research.

As a core member of the executive leadership team, you will establish and scale a robust risk and compliance framework, ensuring our rapid product and business growth fully aligns with SEBI guidelines, Stock Exchange (NSE/BSE) regulations, DP regulations (NSDL/CDSL), RBI, and RBI/Fintech data governance laws.

Key Responsibilities:

1. Enterprise Compliance & Governance:

- Build, execute, and continuously upgrade the group-wide compliance policy architecture covering stockbroking, research advisory, investment products, and tech platforms.

- Act as the designated compliance lead and primary liaison for SEBI, NSE, BSE, MCX, CDSL/NSDL, AMFI, and other regulatory authorities.

- Oversee statutory filings, periodic audits, regulatory reporting, inspections, and formal responses to regulatory show-cause notices or inquiries.

2. Entity-Specific Regulatory Management:

- Broking: Ensure full compliance with SEBI Broking Regulations, Exchange Business Rules, Authorised Person (AP) norms, client code modifications, KYC/AML norms, edge risk management, margin trading facilities (MTF), and client funds segregation.

- Research: Establish strict Chinese Walls and supervisory controls around research analyst operations, investment advice, SEBI (RA) regulations, disclosure frameworks, model portfolios, and marketing communications.

- Platform: Guide product and engineering teams on regulatory-by-design principles, digital onboarding journeys, e-KYC, customer consent frameworks, and data protection laws (DPDP Act).

3. Operational Control & Internal Audits:

- Design and execute annual internal compliance audit programs across broking, research, and platform operations.

- Monitor sales, product communications, ad copy, partner promotion materials, and social media content to ensure strict compliance with SEBI advertising codes and anti-fraud guidelines.

- Establish internal fraud detection mechanisms, anti-money laundering (AML) / CFT surveillance systems, and insider trading prevention frameworks (PIT Regulations).

4. Regulatory Strategy & Product Consultation:

- Partner closely with Product, Tech, Business Development, and Marketing teams to evaluate new product launches, features, algorithms, and revenue models from a regulatory standpoint.

- Proactively track regulatory changes, issue impact assessments to senior leadership, and adapt business workflows to stay ahead of regulatory updates.

5. Board & Stakeholder Reporting:

- Present quarterly compliance updates, audit findings, regulatory risk matrices, and remediation roadmaps to the Board of Directors and Audit Committee.

- Instill a company-wide culture of regulatory integrity, customer protection, and legal accountability.

Key Performance Indicators (KPIs):

- 100% On-Time Regulatory Filings: Zero default or penalty on SEBI, Exchange, and Depository statutory submissions.

- Audit & Inspection Outcomes: Clean regulatory inspection records with minimal/zero adverse observations or penalties.

- Product Launch Speed & Compliance: Rapid regulatory clearance and legal architecture for new product features.

- Partner & AP Network Oversight: Zero non-compliance breaches across the Authorised Person (AP) and distributor network.

- Issue Resolution: Resolution turnaround time (TAT) for regulatory notices, customer grievances, and audit recommendations.

Ideal Candidate Profile:

- Experience: 12 - 20 years of core compliance experience in stockbroking, SEBI registered entities (RA/RIA/DP), wealth management, or fintech.

- Regulatory Expertise: In-depth knowledge of SEBI (Stock Brokers) Regulations, SEBI (Research Analysts) Regulations, Prohibition of Insider Trading (PIT), Prohibition of Fraudulent and Unfair Trade Practices (PFUTP), and Exchange Bye-laws.

- Qualifications: Qualified Company Secretary (CS), LL.B / Master of Laws, or CA/MBA Finance with specialized compliance certifications (e.g., NISM Series III-A, NISM Series VIII).