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 

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

Continuous Member Monitoring 

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 

Revenue (range) - 

Direct/Indirect - None 

Range – 0 

Budget (range) - 

Approver/User - None 

Range - 0 

Number of people managed: 

0 

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

Internal Stakeholder 

External Stakeholder 

Internal teams

Regulator

Educational Qualifications 

Essential – CS/MBA

Desired – NA 

Role Requirements 

Knowledge of SEBI Regulations for clearing members

Knowledge of statutory requirements applicable to the financial markets 

Behavioural competencies 

Desired rating 

Functional competencies 

Desired rating 

Business Acumen 

2 

Domain Knowledge 

2

Innovation and Improvement 

2 

Interpretation and adherence to Statutory Requirements 

2

Teamwork 

3 

Financial Management & Statistics 

2

Managing relationships 

2 

Stakeholder Relationship

2

Living the values 

3 

Knowledge of Regulations 

2

Process orientation 

3 

Drafting Skills 

3