Compliance Manager

Company Overview

Zomint is building India's default financial advisor, focusing on the mass affluent families—investors with ₹15L–₹1Cr who require more than DIY apps but are not suited for private banking. The company is committed to creating a system-led wealth platform that leverages AI for research, monitoring, and portfolio analysis, while human advisors provide necessary judgment and behavioral guidance. With a foundation built on the Bekifaayati community of over 5 million followers, Zomint emphasizes trust-led distribution. The company is early in its development, fostering an environment of real ownership, ambiguity, and rapid execution.

Job Summary

The Compliance Manager will play a pivotal role in establishing foundational compliance infrastructure at Zomint. Unlike typical wealth management firms, Zomint views compliance as integral to its operations rather than a cost. This position involves building the necessary systems, policies, and culture to uphold compliance, whilst supporting a fast-paced business environment. The Compliance Manager will collaborate closely with the founders and embed within product and advisory workflows to ensure regulatory readiness from day one.

Responsibilities

• Advisor Conduct Guardrails: Define permissible actions and recommendations for advisors under various registration types.
• Compliance Program Development: Establish compliance procedures across multiple SEBI registrations, including MFD and RIA.
• Periodic Filings: Prepare annual compliance reports, net worth certificates, and conduct ARN renewals in alignment with SEBI and AMFI requirements.
• Client Onboarding Documentation: Oversee KYC processes, risk profiling, suitability assessments, and client agreements.
• AML/KYC Program Management: Manage PMLA obligations, CKYC integration, and report Suspicious Transaction Reporting (STR) and Cash Transaction Reporting (CTR).
• Audit Readiness and Documentation: Maintain compliance calendars, documentation trails, and prepare for SEBI inspections.
• Content Review: Evaluate promotional materials, including WhatsApp templates and advisory reports, in accordance with SEBI advertising guidelines.
• Regulatory Tracking: Monitor updates from SEBI, AMFI, and the Ministry of Finance (Fin-Min) and Directorate for Promotion of Industry and Internal Trade (DPIIT).
• Vendor Due Diligence: Conduct due diligence on NSE/BSE, RTA integrations, and third-party data processors.

Qualifications

• 4–7 years of experience in financial services compliance, specifically in asset management companies (AMCs), wealth management, SEBI-registered Registered Investment Advisers (RIAs), or FinTech.
• Hands-on experience with SEBI Investment Adviser Regulations and compliance workflows of MFD/AMFI.
• Working knowledge of Prevention of Money Laundering Act (PMLA), KYC/AML requirements, and Central KYC (CKYC).
• Ability to independently draft compliance policies, Standard Operating Procedures (SOPs), client disclosures, and agreement templates.
• Comfort navigating grey areas and interpreting regulations rather than merely following established playbooks.
• Strong documentation and communication skills to convey compliance constraints effectively across teams including engineers, advisors, and founders.
• A high ownership mindset, treating regulatory risks as personal responsibility.

Preferred Skills

• NISM Series X-A/X-B (Investment Adviser) certification.
• Experience in building compliance programs from the ground up in an early-stage firm.
• Familiarity with GIFT City structures, Alternative Investment Funds (AIFs), or overseas fund distribution in the context of the Liberalized Remittance Scheme (LRS).
• Understanding of AI-assisted advisory tools and their implications for suitability and disclosure norms.
• Background in Company Secretary (CS) or Law (LLB).

Experience

• 4–7 years of relevant experience in compliance within financial services.

Environment

• The role is based in a dynamic and fast-paced startup environment with a focus on compliance as a core function. Specific location details are not provided, but the position likely involves close collaboration with team members.

Salary

• Salary details are not specified.

Growth Opportunities

• Opportunities for significant ownership and the ability to shape the compliance culture and systems are intrinsic to this role, fostering potential career advancement within Zomint.

Benefits

• Benefits specifics are not mentioned; however, candidates can anticipate typical perks associated with startup environments in the fintech sector.