Compliance Officer – AIF CAT III

About Company

The company operates in the investment management and financial advisory industry, focusing on research-driven portfolio strategies and asset management services.

Job Description

Job Summary :

We are looking for an experienced Compliance professional to manage regulatory and operational compliance for our Category III Alternative Investment Funds (AIFs), encompassing both close-ended and open-ended fund structures registered with the Securities and Exchange Board of India (SEBI). The role requires deep working knowledge of the SEBI (Alternative Investment Funds) Regulations, 2012, and the ability to independently manage the compliance calendar, regulatory filings, investor communication, and internal governance for the fund(s).

Key Responsibilities :

• Ensure end-to-end compliance with SEBI (AIF) Regulations, 2012, SEBI circulars, and Category III-specific requirements.
• Track and implement regulatory changes issued by SEBI, RBI (for FPI/FEMA-linked matters where applicable), and other relevant authorities affecting Category III AIFs.
• Manage compliance distinctly for close-ended schemes (tenure, extension approvals, drawdown/commitment compliance) and open-ended schemes (subscription/redemption cycles, NAV-linked disclosures, liquidity management).
• Ensure timely filing of periodic reports with SEBI, including quarterly/annual reports, PPM compliance certifications, and other prescribed disclosures.
• Coordinate PPM audit annually.
• Monitor and ensure adherence to leverage disclosure norms and exposure limits applicable to Category III AIFs.
• Review and update PPMs, Contribution Agreements, and side letters.
• Coordinate with legal counsels during SEBI registration processes and address regulatory queries relating to Category III AIFs.
• Maintain and update compliance policies, manuals, SOPs, and internal control frameworks specific to Category III AIF operations.
• Oversee AML/CFT policy implementation, investor KYC, FATCA/CRS reporting, and PMLA compliance for domestic and offshore investors.
• Conduct research on FATF-designated jurisdictions to assess the eligibility of foreign investors for onboarding.
• Monitor beneficial ownership disclosures and ensure compliance with SEBI's KYC/KRA norms.
• Review investor onboarding documentation for both resident and non-resident investors.
• Review and provide guidance on onboarding investors from foreign jurisdictions in compliance with applicable regulations.
• Undertake FEMA reporting, including documentation and filings relating to INVI and FC-TRS transactions, and coordinate with Authorized Dealer (AD) Banks and other stakeholders for timely resolution of queries.
• Liaise with SEBI, RTAs, depositories, custodians, fund administrators, auditors, legal counsels, and industry bodies for inspections, queries, clarifications, registrations, and ongoing regulatory matters.
• Participate in meetings with regulatory authorities and support regulatory inspections, discussions, and compliance-related interactions.
• Manage the SEBI SCORES portal, investor grievance redressal, and timely resolution tracking.
• Coordinate with statutory and regulatory audits.
• Identify compliance risks proactively and recommend mitigation measures to senior management.
• Review and approve all marketing materials and investor presentations for compliance with SEBI advertising and marketing guidelines.
• Review distribution agreements and arrangements with distributors/intermediaries to ensure compliance with SEBI regulations on distributor empanelment.
• Prepare and maintain operational compliance templates, including transfer requests, bank detail change formats, redemption communications, and other regulatory documentation required by operations.
• Guide operations teams on investor onboarding documentation, including verification requirements for domestic and overseas investors, and address AML and other compliance-related queries.
• Collaborate with business teams to resolve client onboarding, structural, and regulatory compliance queries.
• Ensure proper maintenance and record-keeping of all compliance and fund-related documents in designated repositories.
• Support the secretarial function by ensuring that AIF-related transactions are accurately recorded in meeting minutes.
• Guide the inclusion of appropriate resolutions in meeting minutes in line with the PPM and regulatory requirements.
• Convene and coordinate Committee meetings as and when required, ensuring quorum, notice periods, and regulatory timelines are met.
• Liaise with the Company Secretary and legal counsel on corporate governance matters, resolutions, statutory filings, and other fund-related governance requirements.
• Conduct electronic voting (E-Voting) for portfolio companies, wherever applicable.
• Maintain branch infrastructure from a regulatory compliance perspective, wherever applicable.

 Desired Skillsets :

• CS/CA/LLB.
• 5–10 years of relevant compliance experience in the AIF industry, with specific hands-on exposure to Category III AIFs.
• Strong working knowledge of the SEBI (Alternative Investment Funds) Regulations, 2012 and amendments, PMLA, FEMA (as relevant), FATCA/CRS, and SEBI (Intermediaries) Regulations.
• Experience handling both close-ended and open-ended fund structures.
• Prior experience in liaising directly with SEBI, custodians, fund administrators, auditors, and other regulatory authorities.

 Preferred Skills

• Strong analytical and documentation skills with attention to regulatory detail.
• Ability to independently manage multiple fund compliance calendars.
• Clear and professional communication skills.
• Proficiency in compliance tracking tools.
• High integrity and ability to work under regulatory deadlines.

Mandatory Requirement

Primary Job Profile : Regulatory Compliance

Technical Skills : SEBI Regulatory Compliance, AIF Compliance

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