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Job Description Assistant Vice President InspectionLocation: MumbaiDepartment: InspectionReporting: Chief Regulatory OfficerTotal Relevant Exp.: Minimum 12 YearsQualification: Graduation / CA / MBA preferredWork Experience:- Minimum 12-16 years relevant experience with Reputed Commodity / Stock Broker(s) and / or Stock / Commodity Exchange(s) / Clearing Corporation(s)Key Responsibilities:- Co-ordinate with other MIIs and ensure Letter of Intimation to members for Regular inspection / Special Purpose Inspection is sent as per inspections planned for the financial year.- Schedule inspections in coordination with all stakeholders.- Send inspection data requirement and PIQ to members and follow up with members regarding availability of the inspection data.- Coordinate and Collate inspection related data from different internal departments and analyse data received from various internal departments.- Visit members locations as per schedule of inspection and ensure timely completion of inspections and conduct inspections as per checklist and scope decided for the inspections.- Prepare Field observation sheet and obtain members reply and prepare and send draft reports for verification to next level.- Preparation of detailed Inspection MIS in timely manner.- Prepare data / details as may be required by SEBI / any other authority.- Resolving member queries on circulars / Inspection by email or meeting them.- Help in development of off-line alerts basis the data that is already available.- Go through Inspection reports thoroughly and get clarification and details if required from Onsite Inspection teams.- Verify that inspection files are properly arranged and all supporting data / documents are available in the files.- Prepare Letter of Observations and send approved Letter of Observation (LO) to members.- Follow up with members for reply to LO and analyse members reply to LO and get further clarification if required from members.- Prepare reply analysis based on Letter of Observation and Members reply and prepare Agenda / Summary for approval note, for placing before relevant committee / authority.- Send action letters to the members.- Arrange for meeting with the member if called for personal hearing.- Prepare detailed MIS as per format in timely manner.- Ensuring adherence to the TAT fixed for each process and levying penalty and followup for delay in penalty.- Analysis of Inspection Report.- Processing of Appeals received from Members.- Replying to members queries with respect to various compliance issues.- Regular checking of websites of other Exchanges / Regulator for new Circulars / guidelines / notifications.- Arranging reply to the requests of other department for status of members.- Ensuring levy of penalty in case of non-compliance to regular periodic submissions and also ensuring that data is regularly updated so that there are no instances of wrong penalty.- Ensuring that instances of false reporting are clearly identified and action as stipulated is taken against the members concerned.- Represent company in discussions with other MIIs as far as Member Inspection is concerned and co-ordinate with other MIIs for joint inspections.Required skills:- Communication and interpersonal skills- Knowledge of SEBI Regulations- Advance Excel & MIS