Compliance Specialist

This role is for one of the Weekday's clients

Location: Mumbai, Pune

JobType: full-time

The Compliance Specialist will be responsible for ensuring that all business operations adhere to regulatory guidelines issued by SEBI and other relevant authorities. This includes monitoring Portfolio Management Services (PMS) activities, supervising merchant banking distribution practices, reviewing internal processes, and supporting business teams with timely regulatory interpretations and compliance advisory. The role requires excellent judgment, meticulous attention to detail, and the ability to collaborate across stakeholders to maintain a strong compliance culture.

Key Responsibilities

Regulatory Compliance & SEBI Governance

• Ensure end-to-end compliance with SEBI regulations applicable to PMS, merchant banking distribution, and investment distribution activities.
• Review new circulars, regulatory updates, and guidelines; translate them into actionable compliance requirements for internal teams.
• Implement and maintain compliance policies, SOPs, and frameworks to meet regulatory expectations.
• Conduct regular internal reviews and compliance risk assessments to identify gaps, weaknesses, and areas requiring improvement.

PMS Compliance Management

• Oversee PMS activities including onboarding, documentation, client communication, investment execution, and reporting.
• Verify adherence to PMS investment guidelines, mandate restrictions, valuation norms, and performance reporting standards.
• Ensure timely regulatory filings such as monthly PMS reports, audit submissions, and other SEBI-mandated disclosures.
• Support PMS operations and investment teams with compliance monitoring and portfolio-level oversight.

Merchant Banking & Distribution Oversight

• Ensure compliance across merchant banking distribution functions including due diligence, documentation, investor outreach, advertisement standards, and product suitability checks.
• Review distribution agreements, investor communication, and marketing material to ensure regulatory alignment.
• Guide sales and product teams on compliance requirements for public issues, private placements, advisory, and distribution activities.

Monitoring, Reporting & Controls

• Manage periodic internal audits, compliance testing, and ongoing surveillance to detect breaches or irregularities.
• Prepare reports for senior management and Board-level committees, highlighting compliance status, risks, and corrective actions.
• Coordinate with regulators, auditors, and internal stakeholders during inspections, audits, and information requests.
• Maintain accurate records of compliance documentation, approvals, and regulatory communication.

Advisory & Stakeholder Engagement

• Serve as a trusted advisor to business teams, providing guidance on regulatory interpretations, product structuring, and process-level safeguards.
• Conduct compliance training sessions for internal teams to strengthen awareness and adherence.
• Facilitate smooth communication between business units and compliance, ensuring timely approvals and issue resolution.

Required Skills & Qualifications

• 5–10 years of experience in compliance roles within PMS, merchant banking, investment distribution, or other SEBI-regulated entities.
• In-depth understanding of SEBI regulations, PMS guidelines, merchant banking requirements, distribution frameworks, and risk controls.
• Strong analytical skills, with the ability to interpret complex regulations and implement practical compliance solutions.
• Excellent communication, documentation, and stakeholder management skills.
• Ability to work independently, handle ambiguity, and manage multiple priorities effectively.