LawSikho

Deadline Open Deadline

Location Mumbai, Maharashtra, India.

Salary Compensation details will be finalized during the interview process with the selected candidate.

Details of the Organization

Sanctum Wealth is a full-stack wealth management platform that oversees more than ₹50,000 crores of client assets for more than 1,600 high-net-worth families in India and abroad. Founded in April 2016 through the acquisition of the Royal Bank of Scotland’s India Private Banking business, our vision is to be the most trusted wealth advisor in India.

Details of the Job/Internship

Sanctum Wealth is hiring for the position of Compliance Specialist with 3-6 years of experience to join their office in Mumbai.

Role and Responsibilities

Financial:
Assist with regulatory reporting, ensuring timely submission of financial reports in accordance with regulatory requirements.
Identify potential compliance risks that could result in financial losses or penalties and work with relevant teams to resolve them.
Monitor financial transactions to ensure compliance with regulations, including anti-money laundering protocols.
Assist in internal audits to identify financial risks and recommend corrective actions.
Track regulatory changes and implement necessary updates to the firm’s policies and procedures to mitigate financial risks.
Client:
Ensure all client-facing documentation aligns with applicable regulations and internal policies.
Address client complaints or queries related to compliance, aiming for swift and effective resolution.
Oversee compliance with KYC and client onboarding requirements to maintain regulatory standards and client trust.
Educate clients on compliance requirements, emphasizing data protection and transparency.
Provide timely and accurate guidance on compliance, regulatory, and policy matters to business and risk units.
Risk and Governance:
Maintain regulatory compliance to achieve target assurance, audit, and regulatory ratings.
Enhance compliance platforms to support scalability and operational sustainability.
Ensure confidentiality in handling sensitive client information and internal data.
Mitigate financial, regulatory, and reputational risks for the firm and its clients.
People:
Foster a collaborative work environment across departments to effectively implement compliance strategies.
Engage with stakeholders to drive the successful execution of compliance initiatives.
Participate in ongoing professional development and secure mandatory certifications as required.

Eligibility

Education:
Bachelor of Laws (LLB) with a preference for candidates holding a Company Secretary (CS) qualification.
Certifications:
NISM Series IIIA certification preferred.
Experience:
3-6 years of experience in a compliance role within wealth management, financial services, or related sectors.
Technical Skills:
Strong understanding of SEBI regulations related to securities markets, including Stock Broking, Depository Participant, Investment Advisory, and Portfolio Management Services.
Experience in regulatory filings and timely report submissions.
Familiarity with SEBI-mandated internal audits and periodic compliance checks.
Proficiency in drafting and reviewing business and vendor agreements.
Behavioral Attributes:
Exceptional attention to detail in compliance reporting and documentation.
High ethical standards, maintaining integrity in interactions with clients, regulators, and colleagues.
Strong analytical skills for interpreting regulatory texts and applying them effectively.
Excellent communication and interpersonal skills to engage with regulatory authorities and internal stakeholders.
Proactive approach to identifying and resolving compliance violations and regulatory discrepancies.
Ability to manage multiple compliance responsibilities effectively under strict deadlines.