Deputy Manager - Membership Compliance

NSE Clearing Ltd.; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

NSE Clearing Ltd. in Mumbai seeks a Deputy Manager – Compliance to handle regulatory matters from the compliance angle for admission, continued admission and termination of membership.

Interfacing with regulators, especially SEBI, and coordinating with internal teams to prepare reports and resolutions are key elements of the role. You will drive system development and process improvements, ensuring adherence to timelines and SEBI rules, while managing documentation and approvals across

Qualifications

• Knowledge of SEBI Regulations for clearing members and their applicability to financial markets.
• Ability to prepare and present regulatory reports and respond to internal queries on compliance matters.
• Experience in coordinating with regulators and internal teams to support membership approvals and renewals.

Responsibilities

• Facilitate Membership Recommendation Committee (MRC) and Membership Selection Committee (MSC) approvals.
• Prepare offer letters and dues for MSC-approved applicants; liaise with SEBI for member registration.
• Ensure continuous compliance through timely annual return and net worth submissions by members; monitor non-compliance actions.
• Interface with regulators (SEBI) on compliance matters; manage regulatory calendar, notices, agendas and minutes.

Skills

Regulatory compliance

SEBI Regulations

Liaison with regulators

Governance

Job description

Regulatory and Compliance 14 Oct, 2026 Permanent 3-6 years of relevant experience post qualification

Role Description for: Deputy Manager – Compliance

Title

Deputy Manager - Compliance

Function

Clearing Corporation Compliance

Reports to – Functionally

CM

Reports to – Administratively

CM

Direct Reporting From

N/A

I. Purpose of the role:

To handle regulatory related matters pertaining to NCL from the compliance angle with regard to admission, continued admission and termination of membership.

Interfacing with regulators especially SEBI in compliance related matters.

Interfacing with internal departments for the purpose of collation of information for generating reports on compliance related matters, facilitating regulatory queries resolution, etc.

Ensuring adherence to the timelines fixed with respect to processing applications for approval.

To draft and provide appropriate responses to internal queries raised by various departments in accordance with the job role assigned.

To coordinate with Teams for development of systems with respect to membership and compliance activities and ensure complete process from BRS , UAT to final go live.

II. Key Responsibilities:

Sl No.

Key Responsibility

Descriptive Parameters

1

Membership Compliance

Facilitating conducting of Membership Recommendation Committee (MRC) and Membership Selection Committee (MSC) approval process for membership applicants.

Preparing offer letters and demand advice to be sent to the MSC approved applicants.

Sending the application to SEBI for registration of the member after detailed due diligence and compliance checks as per the internal policies.

Approving membership in additional segment for the existing members of NCL.

Granting NOC / prior approval / fee clearance for change in name / transfer of membership / upgradation / merger or amalgamation / change in shareholding or directors of the member after due diligence and compliance checks as per the internal policies and SEBI Rules and Regulations.

2

To ensure activities with respect to continuous compliances by members

Monitoring of timely submission of Annual Return and net worth by members and actions for non compliance and shortfalls

Compliance with the SEBI Regulations and Circulars issued by SEBI for Clearing/Self Clearing members

2

Report Generation

Interfacing with internal departments for the purpose of collection of information for generating reports on compliance related matters, facilitating regulatory queries resolution, etc.

Preparing the various internal MIS reports and other reports / submissions pertaining to compliance under the SEBI Regulations.

3

External Interface

Interfacing with regulators including SEBI in compliance related matters.

Ensuring adherence to the timelines fixed in regulatory matters, facilitating the conduct of statutory committee meetings viz. sending notices to the members, conducting meetings, preparing agendas and minutes of such committee meetings.

4

Process improvements and system developments

Implementing the initiatives designed for the process excellence.

To coordinate with Teams for development of systems with respect to membership and compliance activities and ensure complete process from BRS , UAT to final go live

Note: Additional responsibilities may be added from time to time depending on organisational requirements.

III. Key attributes of the role

Revenue (range) -

Direct/Indirect - None

Range – 0

Budget (range) -

Approver/User - None

Range - 0

Number of people managed:

0

IV. Performance Measures Serial no.

Serial no.

Performance Measures

Metrics

1.

Financial measures

Not applicable

2.

Customer measures

Not applicable

3.

Internal Processes measures

Adherence to the calendar for completion of activities within TAT = 100%

Adherence to defined process and SLA

4.

Learning and growth measures

Number of hours of training annually >=40

V. Collaboration – Internal & External Internal Stakeholder

Internal Stakeholder

External Stakeholder

Internal teams

Regulator

VI. Role Holder Requirements Educational Qualifications

Educational Qualifications

Desired – NA

Role Requirements

Knowledge of SEBI Regulations for clearing members

Knowledge of statutory requirements applicable to the financial markets

VII. Competencies required for the role

Desired rating

Desired rating

Business Acumen

2

Domain Knowledge

2

Innovation and Improvement

2

Interpretation and adherence to Statutory Requirements