Chief Compliance Officer - AMC

Job Description - Chief Compliance Officer (CCO)

Location: Mumbai

Reporting To: Chief Executive Officer Monarch AMC (CEO)

Functional Access: Board of Directors & Trustees

Role Objective: The Chief Compliance Officer (CCO) will be responsible for ensuring full compliance with SEBI Mutual Fund Regulations, AMFI guidelines, and all applicable laws governing the AMC. The role is critical in establishing a strong compliance culture, regulatory credibility, and inspection readiness from inception.

Key Responsibilities :

Regulatory Compliance & Governance

- Ensure end-to-end compliance with SEBI (Mutual Fund) Regulations, 1996, circulars, guidelines, and AMFI best practices.

- Act as the principal compliance officer for the AMC, with direct access to the CEO and Trustees.

- Monitor regulatory developments and ensure timely implementation across the AMC.

- Oversee filing of all regulatory reports, disclosures, and returns with SEBI, AMFI, Trustees, and Stock Exchanges (as applicable).

- Prepare the AMC for SEBI inspections, audits, and regulatory interactions.

Policy, Framework & Controls

- Design, implement, and maintain:

- Compliance framework

- Code of Conduct

- Insider Trading Policy

- Conflict of Interest framework

- Risk & compliance monitoring systems

- Ensure robust internal controls for:

- Investment operations

- Dealing room activities

- Distributor & intermediary compliance

- Investor servicing and grievance redressal

- Review scheme documentation, offer documents, SID/KIM, marketing and sales communication for regulatory compliance.

Monitoring, Reporting & Escalation

- Conduct periodic compliance reviews, testing, and internal audits.

- Identify, investigate, and escalate compliance breaches to senior management and Trustees.

- Submit periodic compliance reports to:

- Board of Directors

- Trustees

- Risk & Audit Committees

- Ensure timely and accurate responses to regulatory queries and observations.

Distributor, Intermediary & Investor Protection

- Oversee compliance related to distributors, IFAs, banks, RIAs, and online platforms.

- Ensure adherence to investor protection norms, disclosure standards, and fair-practice codes.

- Supervise handling of investor grievances and ensure compliance with SEBI SCORES requirements.

Training & Compliance Culture

- Conduct regular compliance training for employees, senior management, distributors, and partners.

- Promote a strong compliance-first culture across the AMC.

- Act as an independent voice within the organization, empowered to stop or escalate business activities where required.

Key Requirements & Qualifications

Experience

- Minimum 10-15 years of experience in compliance, legal, or regulatory roles within Mutual Fund AMC

- Prior experience handling SEBI inspections and regulatory audits is mandatory.

- Experience as a Compliance Officer / Senior Compliance professional in an AMC is highly preferred.

Education & Certifications

- Qualified CA / CS / LLB / MBA (Finance) or equivalent professional qualification.

- NISM certifications relevant to mutual funds and securities markets (mandatory).

Competencies

- Strong understanding of SEBI Mutual Fund Regulations, AMFI guidelines, and regulatory processes.

- High integrity, independence, and ability to challenge business decisions when required.

- Strong communication and stakeholder management skills.

- Ability to work closely with Trustees, regulators, auditors, and senior leadership.

- Detail-oriented with strong documentation and reporting discipline.

Role Independence & Expectations

- The CCO role is expected to be full-time and dedicated to the AMC.

- The CCO must function independently of business lines and shall not be assigned sales or revenue responsibilities.

- The role carries fiduciary responsibility towards investors and regulators.