Compliance Officer (AIF Category I & II)

Klass Global Advisors Llp; Mumbai Suburban; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Klass Global Advisors LLP is seeking an experienced Compliance Officer to oversee regulatory compliance and governance for its SEBI-registered AIFs (Category I and II). The role covers AML/KYC, investor onboarding, reporting, and documentation controls.

The candidate will monitor evolving SEBI regulations, coordinate with service providers, and ensure timely filings and risk mitigation across the fund and investment manager. Mumbai-based role with on-site responsibilities.

Qualifications

• Graduate/Postgraduate degree in Law, Finance, Commerce, or related field.
• LLB / CS / CA / CFA / MBA or relevant professional qualification preferred.
• 5–10 years of relevant experience in AIFs, private equity, venture capital or asset management.
• Strong knowledge of SEBI AIF regulations and related compliance frameworks.

Responsibilities

• Ensure compliance with SEBI (Alternative Investment Funds) Regulations and circulars.
• Monitor regulatory developments affecting Category I and II AIFs.
• Maintain a robust compliance framework, policies, processes and controls.
• Review fund documents (PPM, investment agreements) for regulatory compliance.
• Coordinate regulatory filings and disclosures to SEBI, RBI, FIU-IND as applicable.
• Oversee KYC/AML/CFT, investor onboarding and periodic reviews.

Skills

Regulatory compliance

Governance

Risk assessment

Internal controls

Stakeholder management

AML/KYC

Education

Graduate/Postgraduate degree in Law, Finance, Commerce, or related

Job description

Role Overview

We are seeking an experienced Compliance Officer to oversee regulatory compliance and governance requirements for our SEBI-registered Alternative Investment Funds (AIFs) Category I and Category II. The individual will be responsible for ensuring compliance with applicable SEBI AIF Regulations, circulars, guidelines, AML/KYC requirements, fund documentation, investor obligations, and other applicable laws and regulations.

Key Responsibilities

• Ensure compliance with the SEBI (Alternative Investment Funds) Regulations and applicable circulars, notifications, FAQs and regulatory directions.
• Monitor regulatory developments affecting Category I and Category II AIFs and assess their impact on the fund/manager.
• Establish and maintain an effective compliance framework, policies, processes and controls for the AIF and Investment Manager.
• Review and monitor compliance with the Private Placement Memorandum (PPM), contribution agreements, investment management agreements and other fund documents.
• Ensure timely regulatory filings, submissions, disclosures and reporting to SEBI, RBI, FIU-IND and other applicable authorities.
• Coordinate with the fund administrator, legal counsel, auditors, tax advisors, trustees/custodians and other service providers on compliance matters.
• Monitor KYC, AML/CFT and PMLA compliance, including investor onboarding, periodic KYC reviews, beneficial ownership and suspicious transaction reporting, where applicable.
• Oversee compliance relating to investor onboarding, subscriptions, drawdowns, distributions, transfers and exits.
• Review proposed investments from a regulatory and compliance perspective, including applicable investment restrictions, concentration limits and related-party considerations.
• Monitor compliance with conflict-of-interest, insider trading, code of conduct and personal-account dealing requirements, as applicable.
• Maintain and periodically review the compliance calendar, ensuring all statutory and contractual obligations are completed within prescribed timelines.
• Conduct periodic compliance testing and prepare compliance reports for senior management, the Investment Committee, Board/Trustee or other governing bodies, as applicable.
• Track and close compliance observations arising from internal audits, external audits, inspections and regulatory reviews.
• Assist in SEBI inspections and regulatory correspondence, including preparation of responses and supporting documentation.
• Review marketing, investor communication and fund-related materials from a regulatory compliance perspective.
• Ensure proper maintenance of compliance records, registers, approvals, minutes and supporting documentation.
• Provide compliance training and guidance to employees and relevant stakeholders.
• Work closely with the Risk, Legal, Operations, Finance and Investment teams to identify and mitigate regulatory and operational compliance risks.
• Escalate material compliance breaches, regulatory risks and potential conflicts to senior management and the appropriate governing authority.

Preferred candidate profile

• Graduate/Postgraduate degree in Law, Finance, Commerce, Business Administration or a related discipline.
• LLB / CS / CA / CFA / MBA or relevant professional qualification would be preferred.
• 510 years of relevant experience in AIFs, private equity, venture capital, asset management, PMS, investment banking or securities-market compliance.
• Strong understanding of the SEBI AIF regulatory framework, particularly Category I and Category II AIF requirements.
• Good knowledge of PMLA, AML/KYC, Companies Act, FEMA, insider trading and other applicable securities regulations.
• Experience in dealing with SEBI, trustees, custodians, fund administrators and external legal/compliance advisors will be an advantage.
• Strong drafting, documentation, analytical and regulatory interpretation skills.
• Ability to independently manage compliance calendars, regulatory filings and multiple stakeholders.
• High level of integrity, attention to detail and ability to handle confidential information.