Compliance Manager

Mentra Hr Services; Mumbai; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Mentra Hr Services seeks an experienced Compliance Professional with extensive SEBI-regulated expertise spanning PMS, Investment Advisory, Research Analysis, and Asset Management. You will establish robust compliance programs, manage regulatory relationships, and lead governance initiatives to ensure strict adherence to industry regulations.

The role involves driving regulatory filings, policy development, and continuous improvement across compliance controls, training, and incident management

Qualifications

• Experience in regulatory compliance across PMS, IA, RA, and Asset Management businesses.
• Led regulatory inspections and board advisories.
• Established governance, risk management, and AML/CFT frameworks.

Responsibilities

• Headed the Compliance function for SEBI-regulated entities across PMS, IA, RA, and Asset Management.
• Advised senior management and the Board on regulatory and governance matters.
• Ensured end-to-end compliance with SEBI regulations and related Circulars.
• Led licensing, registrations, disclosures, and regulatory filings for multiple businesses.
• Designed and reviewed WDPs, cybersecurity, continuity, and conflict management policies.
• Managed regulatory interactions with SEBI, stock exchanges, AMFI, KRAs, and auditors.
• Led inspections, internal audits, and regulatory certifications; closed observations with corrective actions.
• Oversee onboarding for various client categories including KYC and enhanced due diligence.
• Provided regulatory guidance on PMS strategies, product structuring, and offshore investors.
• Implemented CSCRF and information security governance; managed vendor risk.
• Managed compliance monitoring programs, dashboards, and regulatory reporting.
• Guided product, technology, and sales teams on regulatory-by-design principles.
• Reviewed client agreements, disclosures, and marketing materials for regulatory compliance.
• Led grievance redressal and investor complaints management.
• Conducted compliance training for employees and senior management.
• Drove a culture of compliance and ethical conduct.

Skills

Regulatory compliance

Governance

Risk management

SEBI regulations

AML/CFT

Cybersecurity

Policy drafting

Regulatory reporting

Job description

Role Overview

Experienced Compliance Professional with extensive expertise in regulatory compliance, governance, risk management, and legal oversight across Portfolio Management Services (PMS), Investment Advisory (IA), Research Analyst (RA), and Asset Management businesses. Proven track record of establishing robust compliance frameworks, managing regulatory relationships, driving governance initiatives, and ensuring adherence to SEBI regulations and industry best practices.

Key Responsibilities

• Headed the Compliance function for SEBI-regulated entities engaged in PMS, Investment Advisory, Research Analyst, Mutual Fund Distribution, and Asset Management activities.
• Acted as the principal compliance advisor to senior management and the Board on regulatory, governance, risk management, and conduct-related matters.
• Ensured end-to-end compliance with SEBI (Portfolio Managers) Regulations, SEBI (Investment Advisers) Regulations, SEBI (Research Analysts) Regulations, SEBI (PIT) Regulations, PMLA requirements, and applicable SEBI Master Circulars.
• Led regulatory licensing, registration amendments, strategy approvals, disclosure document updates, and regulatory filings for PMS, IA, and RA businesses.
• Designed, implemented, and periodically reviewed Written Down Policies (WDPs), AML/CFT Policies, Insider Trading Code of Conduct, Conflict Management Frameworks, Suitability Frameworks, Cybersecurity Policies, Business Continuity Plans, and Governance Policies.
• Established and monitored Chinese Wall controls between Investment Advisory and Research Analyst businesses and implemented conflict-of-interest management frameworks across regulated activities.
• Managed regulatory interactions with SEBI, stock exchanges, AMFI, KRAs, depositories, auditors, legal advisors, and technology partners.
• Led SEBI inspections, thematic reviews, internal audits, compliance audits, cyber security audits (CSCRF), and regulatory certifications, ensuring timely closure of observations and implementation of corrective actions.
• Oversaw onboarding frameworks for Resident Individuals, NRIs, HUFs, Trusts, LLPs, Corporates, and Foreign Nationals, including KYC, FATCA/CRS, PEP reviews, beneficial ownership verification, suitability assessments, and enhanced due diligence.
• Provided regulatory guidance on PMS strategies, model portfolios, mutual fund-based strategies, ETF investments, offshore investors, US/Canada clients, NRI investments, and product structuring initiatives.
• Oversaw implementation of SEBI Cyber Security and Cyber Resilience Framework (CSCRF), cybersecurity governance, vendor risk management, information security controls, and business continuity arrangements.
• Managed compliance monitoring programs, risk-based reviews, compliance dashboards, compliance calendars, regulatory reporting, and Board/Management MIS.
• Guided product, technology, operations, research, and sales teams on regulatory requirements and compliance-by-design principles for new products, digital onboarding journeys, and client-facing platforms.
• Reviewed and approved client agreements, disclosure documents, marketing material, research reports, advisory communications, investor presentations, and legal notices to ensure regulatory compliance.
• Led grievance redressal, SEBI SCORES responses, investor complaints management, regulatory correspondence, and litigation support.
• Conducted compliance training programs for employees, Designated Persons, senior management, and business teams on regulatory developments and compliance obligations.
• Drove a culture of compliance, governance, transparency, and ethical conduct across the organization while supporting business growth and innovation within the regulatory framework.

Core Competencies

SEBI PMS Regulations | SEBI IA Regulations | SEBI RA Regulations | AML/CFT | PMLA | Insider Trading

Regulations | CSCRF | Governance & Risk Management | Regulatory Inspections | Compliance Audits

| Board Reporting | Product Structuring | NRI & HNI Compliance | Mutual Fund Distribution

Compliance | Policy Drafting | Regulatory Filings | SCORES Management | Legal & Regulatory

Advisory