Senior Manager - Compliance

Upstox is a rapidly growing Indian fintech platform, backed by Mr. Ratan Tata and Tiger Global, dedicated to making wealth creation accessible to every Indian. The Legal & Compliance division is crucial for preventing, detecting, and mitigating compliance, regulatory, and reputational risks across the firm. This role involves assessing risks, monitoring new laws, designing and implementing controls, conducting surveillance, and leading the firm's response to regulatory examinations, audits, and inquiries, requiring sound judgment and adaptability in a dynamic regulatory landscape.

Must Have

• Ensure compliance with all rules, regulations, byelaws, circulars, and guidelines from exchanges, depositories, SEBI, and other regulatory bodies.
• Manage all operational processes as per regulatory framework.
• Maintain process documents (SOPs), policies, and trackers.
• Handle preparation, reporting, and submission of necessary reports and documents to authorities accurately and timely.
• Liaise with Exchanges and Depositories for routine matters.
• Track and interpret circulars from regulatory bodies and conduct discussions with stakeholders.
• Perform data analysis to ensure accurate reporting to regulators and exchanges.
• Manage all internal and external audits and inspections.
• Maintain relevant data for and prepare MIS reports.
• Bachelor’s degree in Finance, Business Administration, or a related field.
• 10+ years of proven experience in regulatory compliance, preferably within the financial sector.
• Strong analytical, communication (written and verbal), interpersonal, teamwork, and organizational skills.
• Proficiency in using compliance tracking systems and other relevant software tools.

Good to Have

• Advanced degrees or certifications in compliance or regulatory affairs.
• 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.

About Upstox:

At Upstox, we’re building the future of investing — simple, powerful, and for everyone. We're one of India’s fastest-growing fintech platforms, backed by the best in the business, including Mr. Ratan Tata and Tiger Global, and on a mission to make wealth creation accessible to every Indian. From first-time investors to seasoned traders, millions trust us to power their financial journeys. We're not just moving fast — we’re moving with purpose. If you thrive in a high-energy, high-impact environment, you're in the right place.

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.
• 10+ years of 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:

• 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!

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Upstox is an Equal Opportunity Employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other characteristics.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.