Surveillance Associate

Groww; Mumbai; On-site; INR 800,000 - 1,400,000; Full time

Job summary

Groww is seeking a Surveillance Associate/Senior Associate in Mumbai to monitor alerts from exchanges, depositories, and internal systems to ensure regulatory compliance and detect suspicious activity.

You will support alert criteria, client risk screening, STR filings, and regulatory correspondence, while maintaining detailed records and MIS reports for senior leadership.

Qualifications

• 2-3 years in compliance, surveillance, risk management, or regulatory operations within financial services or broking houses.
• Experience with internal surveillance systems and monitoring tools.
• Familiarity with exchange and depository regulatory frameworks (NSE/BSE/NSDL/CDSL).
• Knowledge of STR filing procedures and AML compliance.
• Basic understanding of securities trading and market conduct rules.
• Strong analytical and problem-solving skills.
• Proficiency with MS Excel and CRM tools.
• Attention to detail and ability to work with large datasets.
• Ability to work in a fast-paced, collaborative environment.

Responsibilities

• Monitor and Review Surveillance Alerts – Review alerts from exchanges and internal systems to identify potential compliance violations.
• Alert Criteria Management – Help review and modify alert criteria and support new definitions.
• Client Screening and Risk Categorization – Periodically screen clients and classify risk levels.
• STR Filing Support – Assist in preparing and filing STRs with authorities.
• Regulatory Correspondence – Respond to inquiries from exchanges, regulators, and authorities.
• Circular Implementation – Ensure timely implementation of surveillance-related circulars.
• MIS and Reporting – Prepare periodic MIS reports for senior management and the board.
• Documentation and Record Keeping – Maintain records of surveillance activities and communications.

Skills

Compliance

Surveillance

Risk management

Regulatory

AML

Data analysis

MS Excel

CRM tools

Tools

MS Excel

CRM tools

Job description

We are a passionate group of people focused on making financial services accessible to every Indian through a multi-product platform. Each day, we help millions of customers take charge of their financial journey. Customer obsession is in our DNA. Every product, every design, every algorithm down to the tiniest detail is executed keeping the customers' needs and convenience in mind. Our people are our greatest strength. Everyone at Groww is driven by ownership, customer-centricity, integrity and the passion to constantly challenge the status quo.

Are you as passionate about defying conventions and creating something extraordinary as we are? Lets chat.

Our Vision

Every individual deserves the knowledge, tools, and confidence to make informed financial decisions. At Groww, we are making sure every Indian feels empowered to do so through a cutting-edge multi-product platform offering a variety of financial services. Our long-term vision is to become the trusted financial partner for millions of Indians.

Our Values

Our culture enables us to be what we are — Indians fastest-growing financial services company. It fosters an environment where collaboration, transparency, and open communication take center-stage and hierarchies fade away. There is space for every individual to be themselves and feel motivated to bring their best to the table, as well as craft a promising career for themselves.

The values that form our foundation are:

• Radical customer centricity
• Keeping everything simple
• Long-term thinking
• Complete transparency

Role Overview

The Surveillance Associate/Senior Associate will be responsible for monitoring and reviewing surveillance alerts from exchanges, depositories, and internal surveillance systems to ensure compliance with regulatory requirements and detect suspicious market activities.

Key Responsibilities

• Monitor and Review Surveillance Alerts – Review and analyze surveillance alerts received from exchanges, depositories, and the internal surveillance system to identify potential compliance violations or suspicious transaction patterns.
• Alert Criteria Management – Assist in the periodic review and modification of alert criteria set in the internal surveillance system; support the definition of new criteria and alert setup under guidance.
• Client Screening and Risk Categorization – Conduct periodic client screening and classify clients based on risk profiles to maintain regulatory compliance and identify high-risk transactions.
• STR Filing Support – Assist in the preparation and filing of Suspicious Transaction Reports (STRs) with relevant authorities in accordance with regulatory guidelines.
• Regulatory Correspondence – Respond to inquiries and requests from exchanges, depositories, SEBI, police, and law enforcement agencies pertaining to client transactions and account activities.
• Circular Implementation – Ensure timely implementation of exchange and depository circulars related to surveillance activities.
• MIS and Reporting – Prepare and maintain periodic Management Information System (MIS) reports for senior management and the Board of Directors; submit required reports to exchanges and depositories on scheduled timelines.
• Documentation and Record Keeping – Maintain accurate records of surveillance activities, alerts, investigations, and regulatory communications for audit and compliance purposes.

Preferred Qualifications:

• 2-3 years in compliance, surveillance, risk management, or regulatory operations within financial services or broking houses
• Experience with internal surveillance systems and monitoring tools
• Familiarity with exchange and depository regulatory frameworks (NSE/BSE/NSDL/CDSL)
• Knowledge of STR filing procedures and AML compliance
• Basic understanding of securities trading and market conduct rules
• Strong analytical and problem-solving skills
• Proficiency with MS Excel and CRM tools
• Attention to detail and ability to work with large datasets
• Ability to work in a fast-paced, collaborative environment