We are seeking a detail-oriented and experienced Compliance Officer to oversee regulatory, statutory, and internal compliance for a SEBI-registered Category II Alternative Investment Fund and its Investment Manager. The role will be responsible for ensuring ongoing compliance with the SEBI Alternative Investment Funds Regulations, 2012, applicable SEBI circulars, fund documents, investor obligations, AML/KYC requirements, and internal policies.
The Compliance Officer will act as the primary compliance owner for fund operations, regulatory filings, investor reporting controls, investment compliance, governance processes, and coordination with SEBI, trustees, custodians, auditors, legal counsel, fund administrators, and other service providers.
Key ResponsibilitiesRegulatory Compliance
Oversee compliance with the SEBI AIF Regulations, SEBI Master Circulars, circulars, guidelines, notifications, and other applicable securities laws for Category II AIFs.
Monitor ongoing compliance obligations of the AIF, Investment Manager, Sponsor, Trustee, and schemes, including registration conditions, placement memorandum commitments, investor eligibility, minimum commitment requirements, investment restrictions, tenure, leverage and borrowing limits, valuation requirements, and disclosure standards.
Maintain and periodically update the compliance calendar for all SEBI, trustee, investor, tax, FEMA, Companies Act / LLP Act, and other applicable filings.
Prepare, review, and submit regulatory reports, declarations, compliance test reports, and other filings to SEBI or other authorities as applicable.
Track SEBI circulars, regulatory amendments, enforcement trends, and industry guidance relevant to AIFs and advise management on implementation.
Fund Documentation and Scheme Compliance
Review placement memoranda, contribution agreements, side letters, investor communications, term sheets, and disclosure documents from a compliance perspective.
Ensure fund operations are aligned with the placement memorandum, private placement terms, contribution agreements, investment strategy, and investor disclosures.
Coordinate with legal counsel for launch of new schemes, amendments to fund documents, SEBI filings, material change submissions, and investor consent processes.
Maintain documentation for sponsor commitment, continuing interest, scheme tenure, investor onboarding, investment committee approvals, and governance records.
Investment and Portfolio Compliance
Monitor investment transactions for compliance with Category II AIF investment norms, concentration limits, related-party restrictions, conflict-of-interest policies, and internal investment policies.
Review investment proposals from a compliance and regulatory perspective before execution.
Ensure appropriate documentation for investment approvals, due diligence records, valuation reports, dematerialisation requirements, custody requirements, and exit transactions.
Coordinate with investment, finance, operations, and external advisors to ensure investment-level compliance.
AML, KYC and Investor Onboarding
Oversee investor onboarding controls, including KYC, AML, beneficial ownership checks, PEP and sanctions screening, investor eligibility, accreditation status where applicable, and documentation completeness.
Ensure compliance with Prevention of Money Laundering Act requirements, SEBI KYC requirements, FEMA requirements for non-resident investors, and internal AML policies.
Review investor complaints, grievance redressal, and investor communication processes.
Governance, Policies and Internal Controls
Develop, implement, and periodically review internal compliance policies, code of conduct, conflict-of-interest policy, personal trading policy, insider trading controls, valuation policy, allocation policy, risk management policies, outsourcing policy, and record-retention procedures.
Conduct periodic compliance reviews, internal testing, and gap assessments.
Present compliance updates to senior management, trustee, board / partners, investment committee, and other governance forums.
Ensure timely closure of compliance observations from auditors, trustees, consultants, regulators, and internal reviews.
Liaison and Stakeholder Management
Act as the primary point of contact for SEBI, trustee, custodian, fund administrator, auditors, legal counsel, tax advisors, KYC agencies, depositories, and other service providers.
Support SEBI inspections, trustee reviews, internal audits, statutory audits, and due diligence by investors or consultants.
Train internal teams on AIF compliance requirements, regulatory changes, internal policies, and fund documentation obligations.
Required Qualifications
- CS, CA, CFA, MBA, LLB, or equivalent professional qualification preferred.
- Prior experience in compliance, legal, fund operations, or regulatory roles within an AIF, PMS, investment management firm, NBFC, asset manager, private equity / venture capital fund, law firm, or financial services institution.
- Strong working knowledge of SEBI AIF Regulations, especially Category II AIF requirements, SEBI circulars, fund documentation, investor onboarding, AML/KYC, and securities market regulations.
- Candidates should be willing and eligible to obtain applicable NISM certification for AIF compliance officers. SEBI’s December 30, 2025 circular introduced certification requirements for Compliance Officers of AIF Managers; market summaries of the circular state that the relevant certification is NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification, with certification becoming mandatory from January 1, 2027.
Experience
Minimum: 3+ years of hands-on experience in compliance, legal, audit, or fund operations for regulated financial entities.
Key Skills
- Strong understanding of SEBI regulations and Indian financial market compliance.
- Ability to interpret regulations and translate them into practical controls.
- Excellent drafting, documentation, and regulatory filing skills.
- Strong attention to detail and ability to manage multiple deadlines.
- Good stakeholder management skills with external advisors, trustees, auditors, and regulators.
- High integrity, discretion, and judgment in handling confidential investor and fund information.
- Comfortable working with investment, finance, legal, operations, and leadership teams.
Preferred Candidate Profile
Experience with Category II AIFs, private credit funds, private equity funds, venture capital funds, real estate funds, infrastructure funds, or structured investment vehicles.
Prior exposure to SEBI filings, placement memorandum reviews, compliance test reports, investor onboarding, valuation processes, and scheme launch documentation.
Experience working with trustees, custodians, fund administrators, and legal counsel.
Understanding of FEMA, taxation, Companies Act / LLP Act, PMLA, KYC norms, and investor reporting requirements.
Key Performance Indicators
- Timely completion of all regulatory and statutory filings.
- Zero material compliance breaches or delayed regulatory submissions.
- Accurate and updated compliance calendar.
- Successful completion of internal audits, trustee reviews, and regulatory inspections.
- Timely implementation of new SEBI circulars and regulatory changes.
- Strong documentation and evidence trail for compliance decisions.
- Effective support for scheme launches, investment transactions, and investor onboarding.
Employment Type
Full-time
Compensation
Market-linked, based on experience and qualifications.
Suggested Application Note
- Candidates may apply with their resume and a brief note describing their experience with SEBI-regulated entities, AIF compliance, fund documentation, investor onboarding, and regulatory filings.
Job Type: Full-time
Pay: ₹720,000.00 - ₹900,000.00 per year
Ability to commute/relocate:
- Gurugram, Haryana: Reliably commute or planning to relocate before starting work (Required)
Application Question(s):
- What is your notice period? If serving notice, what is your last working day?
- What is your current CTC and expectation?
Experience:
- post graduation: 1 year (Required)
Work Location: In person
