Compliance Mutual fund

Role & responsibilities

Compliance Manager- Mutual Fund

Industry: Asset Management (AMC) / Mutual Fund / Wealth Management

Location: On-site / Hybrid

Job Type: Full-Time

Reporting To: Chief Compliance Officer (CCO) / Head of Legal & Compliance

Role Overview

The Compliance Officer will be responsible for ensuring that the Asset Management Companys (AMC) operations, investment decisions, scheme management, and distribution practices strictly align with SEBI Mutual Fund Regulations, IFSCA/GIFT City norms (if applicable), AMFI guidelines, and internal compliance controls.

This role serves as a key risk mitigator—monitoring daily portfolio limits, vetting investor communications, managing regulatory filings, and serving as a direct point of contact for audits and regulatory inquiries.

Key Responsibilities

1. Regulatory Filings & Statutory Reporting

• Periodic Submissions: Prepare and submit monthly, quarterly, half-yearly, and annual regulatory filings to SEBI / IFSCA and AMFI within prescribed deadlines.
• Offer Document Disclosures: Review and file draft Scheme Information Documents (SID), Key Information Memorandums (KIM), Statement of Additional Information (SAI), and regulatory addendums.
• Regulatory Updates: Monitor new circulars, notifications, and policy changes from regulators; analyze their impact on AMC operations and update internal Standard Operating Procedures (SOPs).

2. Portfolio & Investment Compliance

• Exposure & Limit Monitoring: Ensure daily adherence to regulatory investment limits (e.g., single issuer, sector, asset class, leverage, liquidity ratios, and rating-based limits) across all mutual fund schemes.
• Pre & Post-Trade Review: Monitor front-running, personal trading by employees, Inter-Scheme Transfers (ISTs), fixed deposit placements, and block/bulk trades for strict regulatory adherence.
• Stewardship Code: Ensure compliance with voting policy guidelines and stewardship code disclosures for investee companies.

3. Marketing & Communication Vetting

• Ad Code Adherence: Review and approve all marketing materials, factsheets, investor presentations, digital campaigns, and distribution collateral against SEBI/AMFI Advertising Codes.
• Mis-selling Prevention: Monitor sales practices and distribution channels to prevent mis-selling and enforce compliance with distributor due-diligence norms.

4. Governance, AML/KYC & Investor Grievances

• AML/CFT Framework: Oversee investor KYC verification, FATCA/CRS compliance, and Anti-Money Laundering (AML) / PMLA monitoring programs.
• Grievance Redressal: Track and resolve investor grievances on platforms like SEBI SCORES / SCORES 2.0 within statutory timelines.
• Board & Trustee Reporting: Draft compliance reports, exception logs, and compliance certificates for quarterly AMC Board and Trustee meetings.

5. Audit & Inspections

• Regulatory Inspections: Coordinate and facilitate SEBI/IFSCA periodic inspections, statutory audits, internal compliance audits, and trustee reviews.
• Remediation: Track audit findings, drive corrective actions across business departments, and ensure systemic closure of compliance gaps.

Candidate Profile

Mandatory Qualifications & Experience

• Education: Qualified Company Secretary (CS), LL.B / LL.M, CA, or MBA in Finance.
• NISM Certification: Valid NISM Series III-A (Securities Intermediaries Compliance) certification (or ability to clear upon joining).
• Experience: 3 to 7 years of relevant experience in compliance, legal, or secretarial functions within an Asset Management Company (AMC), Mutual Fund, AIF, or Capital Markets regulator.

Technical & Soft Skills

• Regulatory Expertise: Deep working knowledge of SEBI (Mutual Funds) Regulations 1996, SEBI (Prohibition of Insider Trading) Regulations, and AMFI Code of Conduct.
• Analytical Precision: Strong attention to detail with the ability to interpret complex circulars and cross-verify trade logs against investment mandates.