To Direct/ Support and Manage team members and otherwise contribute in ensuring that trading members/ stock brokers adhere to the regulatory norms by conducting onsite inspection, verification of member submission of required documents and audit reports and follows up with members for the same. Monitor and Adhere to TATs as defined in SLAs. Conduct training programs for TMs/APs/Internal Auditors and Investors. To ensure the adherence of member compliance to regulatory norms by overseeing the inspection process, recommending best practices to members, analysing trends/ patterns in non compliance to find the root cause of the problem and suggesting process improvements to enhance efficiency. To monitor the committee meetings to penalise non-compliant members and handle member/ regulator queries.
Role – Inspection
Experience – 8-12 Years
Education – CA/MBA
Location – Mumbai
Management
Provide support in all activities of the team.
Suggest best practices w.r.t. training and development of the team and processes
Selection of members for inspection visits
Collate exchange data to assess risk and categorize members into different buckets.
Prioritize members, and prepare quarterly inspection calendar/schedule as per selection criteria approved by Exchange/SEBI.
Draft approval note and share inspection dates with respective regional inspection teams.
Co-ordinate for visit date to member office and prepare the intimation letter to member.
Onsite inspection/ compliance visits
Conduct inspection on members’ site as per the inspection calendar for the quarter following a pre-approved checklist.
Draft the inspection report for the member.
Expand the scope of inspection beyond the pre-approved checklist after consulting manager.
Prepare the preliminary observation sheet for the inspection and schedule the closure meeting between the member and manager
Verify the inspection report prepared by the maker (another AM).
Conduct compliance visits for new members/ brokers to acquaint them to the compliance requirements and inspection process.
Escalate matters like non co-operation of member/delay in furnishing data to the respective Manager
Post inspection activities
Collect feedback from members of all regions on the inspection visits conducted.
Follow up through telephone/email/reminder letter for seeking reply to letter of observation issued. Escalate non-compliant members to Manager
Member compliance to regulatory norms and audit
Draft circulars for members for submission of required documents to adhere to regulatory norms.
Prepare circulars to be sent to members informing them about new or changes in regulatory requirement
Analyse the internal audit reports submitted by members to the exchange. Prepare the agenda and present the case of members defaulting on providing correct audit reports to the exchange.
Analyse the annual returns, half yearly net-worth, insurance receipts submitted by member and initiate appropriate action.
Send reminders via emails/ letters/ phone calls to non-complaint members.
Prepare and send the penalty note for non-compliant members.
Check SEBI website to know if any member has been debarred from trading and initiate action on the same.
Verify the application provided by members for issuance of advertisements
Prepare penalty intimation letter to member for non-compliances.
Updation of compliance calendar, consolidated circular, commonly observed violations during inspections/internal audit.
Process the margin trading and client funding files received from member
Reply to member queries through phone calls/emails.
Prepare the internal office memo for debiting member’s account for non-compliances/violations observed during inspection
Draft the approval note for granting permission by member to trade with another member
Prepare the approval note for blocking of deposit in case of shortfall in net-worth of member.
Issue NOC’s to \ membership certificate and status report to other departments.
Data collation and analysis for daily reports and adhoc requests
Collate data to cater to the request raised by external regulators like SEBI and various internal departments within NSE.
Collate and analyse data from other exchanges and internal NSE departments for Monthly Development report, Monthly Activity report, SEBI annual/ half yearly report to be sent to SEBI.
Collation of data to be displayed on website as regards action initiated against member
Conduct training/ awareness programs
Organize/Coordinate/conduct training programs for TMs/ APs
Organize/ Coordinate/ Conduct investor awareness programs.