Associate Manager - Compliance

The Upstox Story:

Upstox is one of India's leading Fin-Tech companies with a mission to simplify trading & investing to make it easily accessible to the masses. We aim to enable everyone, from new investors to seasoned traders, to invest across multiple categories with our state-of-the-art trade & investment platform and commission-free pricing. We offer numerous asset categories to invest in, like Stocks, IPOs, Mutual Funds, and more.  

By focusing on our customers’ needs and equipping them with personalized yet powerful tools, we witnessed a steep growth of 800% in our customer base from 25 Thousand in 2017 to 2 Lakh in 2019. With 1500% growth in 2020, currently, over 10 million customers trust us with their investment decisions, thus setting us on the course to become an industry-leader in the country. 

Our mission is simple - to break down the complexities of investing and make it more effortless, accessible, affordable, and easy for the masses to adopt. This key principle when infused with intuitive design and leading-edge technology will help us empower every Indian to take control of their investments. 

RKSV Securities was founded by Ravi Kumar and Shrinivas Viswanath in 2009 and was soon graced by Kavitha Subramanian as the third co-founder in 2016. Backed by Ratan Tata, Upstox had raised $4 million in Series A funding in early 2016 that was led by Kalaari Capital. The Series B funding round scaled multifold and witnessed an investment of $25 million by US-based investment firm - Tiger Global Management in September 2019.   We have a team of highly skilled technology and finance professionals, and are currently looking for highly motivated field experts to be part of our high-energy team.

Position: Associate Manager/ Manager - Compliance

About Team: Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firms culture of compliance. Compliance assess the firms compliance, regulatory and reputational risk, monitors for compliance with new or amended laws , rules , regulations and guidelines, designs and implements controls, policies , procedure, conducts surveillance , monitors for compliance risks and breaches and leads the firms response to regulatory examination, audits and inquiries.

We are looking for who possess sound judgment, adaptable to changing regulatory landscape . You will be part of a team with members from a wide range of academic and professional background.

Key Responsibilities: Regulatory Compliance: Responsible for regulatory compliance - Ensure compliance with all rules, regulations, byelaws, circulars and other guidelines, issued from time to time, by the exchanges, depositories, SEBI, and other regulatory bodies. Manage all operational processes as per regulatory framework to ensure compliance to the regulatory guidelines. Maintenance of process documents (SOPs), Policies, trackers for ensuring adequate records are in place for easy data extraction, and carryout relevant updations in the same from time to time Handle preparation, reporting and submission of necessary reports and documents to the relevant authorities in an accurate and timely manner. Liaising with Exchanges, Depositories for routine matters Circular Tracking and Implementation: Track and interpret circulars from all concerned regulatory bodies and conduct discussions with all stakeholders. Understand system requirements and draft business requirements,if applicable. Carry out the relevant changes in the processes / documents in line with the regulatory circulars / guidelines Oversee the end to end implementation of necessary changes. Data Analysis and Compliance Assurance: Perform data analysis to ensure accurate reporting to regulators and exchanges. Data collation, analysis and periodic review to ensure ongoing compliance with all regulatory requirements. Audit and Inspection Handling: Manage all internal and external audits and inspections including data collation, data verification, data submission and observation responses for various audits and inspection of the broking and DP business. Serve as the primary point of contact for auditors and inspection officials. Prepare and present audit reports and compliance findings for review  by senior management. Management Information System (MIS) Tracking: Maintain relevant data on an ongoing basis for preparation of MIS Prepare and maintain MIS reports. Analyze MIS data to support compliance and regulatory reporting.

Qualifications: Bachelor’s degree in Finance, Business Administration, or a related field. Advanced degrees or certifications in compliance or regulatory affairs are a plus. Proven experience in regulatory compliance, preferably within the financial sector Strong analytical skills with the ability to interpret and act upon complex data. Excellent communication skills, both written and verbal, with the ability to interact effectively with regulatory bodies, auditors. Strong interpersonal and teamwork skills to enable working with various internal stakeholders Proficiency in using compliance tracking systems and other relevant software tools and understanding of system requirements. Strong organizational skills with the ability to manage multiple projects and deadlines. Preferred Skills: In-depth knowledge of SEBI regulations and other relevant financial regulations. Experience with business requirement drafting and system implementation. Proven ability to handle audits and inspections successfully. Strong attention to detail and commitment to maintaining high standards of compliance.

Psst… tips on how you can beat the competition:  If you can showcase your abilities to: ·  Be self-driven / quick starter ·  Have an ownership mindset ·  Aggressively drive and deliver results 

 A basic requirement but one that many forget: Make sure you go through our website, download our app and give us feedback!