Head of Risk and Compliance

Role Overview

The Head of Risk & Compliance will own end-to-end regulatory compliance function and trading risk governance framework. This is not a back-office or documentation-only role - it is a live, hands-on compliance leadership position with direct accountability for SEBI regulatory adherence, exchange inspection readiness, client risk oversight, and internal control architecture. The ideal candidate brings a rare combination: deep SEBI regulatory knowledge from stock exchange experience, and practical execution-side compliance ownership from a digital broking environment.

Key Responsibilities

1. Regulatory Compliance & SEBI Governance

• Own end-to-end SEBI compliance for a registered broking entity - SEBI circulars, exchange guidelines (NSE/BSE), and PMLA obligations
• Monitor regulatory changes and translate them into actionable policy and system updates
• Manage SEBI, NSE, and BSE correspondence, inspection preparedness, and regulatory filings
• Ensure timely submission of all compliance reports, certificates, and exchange disclosures
• Liaise with legal counsel on new product compliance reviews and regulatory risk assessments

2. Inspection & Audit Readiness

• Lead exchange inspections and regulatory audits end-to-end - preparation, documentation, responses, and closure
• Build and maintain audit-ready compliance documentation and evidence repositories
• Drive internal inspection simulations to identify and remediate gaps proactively
• Coordinate with operations, risk, and product teams to ensure cross-functional inspection readiness

3. Compliance Framework & Policy Architecture

• Design and implement a scalable compliance framework for a high-growth digital broker
• Build compliance SOPs, internal policies, and control checklists aligned with SEBI and exchange regulations
• Establish KYC/AML/CFT compliance processes in line with PMLA and SEBI KYC norms
• Develop a compliance calendar and ensure timely execution of all periodic obligations
• Partner with product and engineering teams to embed compliance controls into the platform from Day 1

4. Risk Oversight & Surveillance

• Oversee client risk monitoring with a focus on derivatives (F&O) exposure and margin compliance
• Implement surveillance mechanisms to detect market manipulation, circular trading, and abnormal client activity
• Coordinate with the risk/RMS team on regulatory risk thresholds and peak margin compliance
• Review and sign off on compliance aspects of margin shortfall escalations, liquidation events, and client communications

5. New Product & Business Compliance

• Provide compliance sign-off for new product launches - derivatives baskets, MTF products, advisory services
• Review marketing, communication, and app content for regulatory accuracy and investor protection norms
• Advise leadership on regulatory constraints and pathways during product ideation and roadmap planning

Ideal Candidate

• 8+ years of experience in SEBI regulatory compliance, capital markets, or exchange-side enforcement - with meaningful tenure at both a stock exchange and a broking entity
• Ideal profile: 4-5 years at a stock exchange (NSE/BSE preferred) in inspection, enforcement, or regulatory oversight, followed by 4-5 years at a digital broking platform in compliance leadership
• Deep working knowledge of SEBI regulations, exchange bye-laws, PMLA/AML frameworks, and capital markets compliance obligations
• Hands-on experience managing exchange inspections and SEBI interactions — not just internal policy documentation
• Exposure to derivatives (F&O) compliance and risk-linked compliance processes (peak margin, collateral, surveillance) is strongly preferred
• Ability to build compliance infrastructure from scratch in a fast-moving, early-stage environment
• Systems-oriented mindset — comfortable working with product and engineering teams to embed compliance into platform workflows
• Strong communication skills for regulator and leadership-level stakeholder management