Job Title: Associate Director - Compliance
Experience: 12+ years
Location: Mumbai
Work Arrangement: 5 days in the office
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.
About the Role
Own end-to-end regulatory compliance for the broking business, translating SEBI/Exchange/Depository regulations into robust internal processes, and act as a key advisor to senior management on regulatory risk. Lead the compliance team's daily operations while driving process, audit, and reporting excellence.
What you'll own:
- Own overall regulatory compliance for the broking and DP business under SEBI (Stock Brokers & DP Regulations), PMLA/AML-KYC, SEBI PIT Regulations, Cyber Security & Resilience Framework, Business Continuity requirements, and other applicable exchange/depository guidelines; interpret ambiguous or new regulations and recommend the organizational stance to senior management, Compliance Committee, and Board.
- Design and maintain the compliance risk-assessment framework and risk-based monitoring calendar; proactively escalate material regulatory risks, gaps, or breaches with recommended remediation.
- Lead, mentor, and build capability within the core compliance team, allocating work and supporting career development; serve as the senior point of contact for Exchanges, Depositories, and SEBI on escalations, inspections, and sensitive correspondence.
- Partner with Business, Risk, Legal, IT/InfoSec, and Operations to embed compliance-by-design into new products, processes, and system changes.
- Oversee tracking and interpretation of regulatory circulars, drive stakeholder discussions to assess impact, guide business requirement drafting for system/process changes, and own end-to-end implementation oversight through to closure.
- Ensure SOPs, policies, and trackers remain current and audit-ready; own accuracy and timeliness of all regulatory reports/submissions to SEBI, Exchanges, and Depositories, while driving periodic data analysis to proactively identify and close compliance gaps.
- Own end-to-end management of internal/external audits and regulatory inspections — planning, data collation/verification, submission, and observation responses — acting as primary point of contact for auditors/inspection officials, and presenting findings and risk themes to senior management and relevant committees.
- Own the compliance MIS framework, ensuring data integrity and timely reporting; use MIS/data trends to identify systemic issues and drive corrective action.
Who you are:
- 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
By applying for this position, you acknowledge that you have reviewed our Prospective Employee Privacy Notice, which outlines how Upstox collects, uses, and protects your Personal Information ('PI'). I accept Upstox's Prospective Employee Privacy Notice.
Upstox is an Equal Opportunity Employer; all qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other characteristics.
