Interim Chief Compliance Officer — Capital Markets Control

The mandate

A potentially coordinated trading pattern was escalated weeks after surveillance first generated related alerts, and the compliance chief has been suspended during review. Front-office activity remains open, but alert prioritisation, conflict decisions and regulator communication now require independent executive accountability.

The interim must start within fifteen days and serve for eleven months. A permanent appointment process begins after the surveillance lookback is complete, with a six-week overlap included in the fixed term and no expectation of conversion.

Handover requires the lookback to be accepted by independent assurance, severe surveillance gaps remediated, alert ageing within risk tolerance for two quarters, conflicts recertified and the successor to chair one regulatory engagement. All open investigations must carry traceable rationale and next actions.

The interim can halt trading activity within existing policy, require enhanced review, change alert priority and spend up to ₹5 crore on remediation. New business restrictions lasting over thirty days, client exits, regulator settlements, permanent leadership appointments and surveillance-platform replacement need committee or board approval.

The mandate excludes defence of individual employees, redesign of trading strategy and prosecution of suspected misconduct. Legal and Human Resources retain those matters, while Technology owns platform execution subject to compliance acceptance.

Why this seat is open

The delayed escalation damaged confidence in the current second-line chain. Deputies participated in the alert decisions now under independent examination. The board therefore needs a temporary compliance officer who can preserve market activity without compromising the lookback or closure standard.

What you will own

• Define the surveillance lookback perimeter across instruments, accounts, communications, related parties and relevant market events.
• Decide alert priority and trading restrictions using documented suspicion, customer impact and market-integrity thresholds.
• Approve scenario changes only after data lineage, calibration, false-negative testing and accountable sign-off are evidenced.
• Reconcile every aged alert to its investigation, escalation, closure rationale and retained source material.
• Submit regulator updates that distinguish completed actions, operating evidence, residual gaps and accepted risk.
• Commission independent assurance over the lookback and close severe exceptions before seeking committee acceptance.
• Transfer the investigation inventory, scenario catalogue, restriction decisions, conflict register and regulatory calendar to the successor.

Candidate qualifications

• Held chief compliance officer or markets-compliance director responsibility in a broker, bank, exchange or asset manager.
• Managed market-abuse surveillance, investigations and regulatory engagement across electronic trading activity.
• Led a historic lookback with defensible sampling, data lineage and independent acceptance.
• Exercised trading restriction authority despite client or revenue pressure.
• Governed surveillance technology changes without ceding compliance judgement to model or platform teams.
• Understands Indian securities regulation, exchange obligations and personal-account dealing controls.

Non-negotiables

• Can assume the Mumbai compliance seat within fifteen days.
• No current role with the surveillance vendor, external review firm or material trading counterparty.
• Will maintain information barriers around the employee investigation.
• Must have personally faced a securities regulator on a surveillance or market-conduct matter.

1. 49 words maximum. State your availability and disclose any broker, exchange or surveillance-vendor conflict.
2. 49 words maximum. Describe a market-abuse lookback you led and how its population was bounded.
3. 49 words maximum. When did you restrict trading before an investigation was complete, and on what evidence?