Job Description

• Account Opening & Maintenance:
• Assist clients in opening Demat accounts, ensuring proper documentation and KYC compliance.
• Maintain and update client information in the depository system as per regulatory and internal guidelines.
• Ensure timely activation of accounts and handle modification requests like nominee updates, change of address, etc.
• Transaction Processing:
• Facilitate the settlement of trades by ensuring smooth transfer of securities between the client's Demat account and the broker.
• Monitor and process off-market transfers, pledges, and lien marking of securities as per the client's requests.
• Handle instructions related to corporate actions like dividends, bonus issues, splits, and rights issues.
• Reconciliation & Reporting:
• Perform regular reconciliation of client holdings and depository records to ensure accuracy and compliance.
• Generate and provide statements of accounts, transaction reports, and holding statements to clients.
• Submit periodic reports to management and regulatory bodies, ensuring adherence to SEBI and depository guidelines.
• Customer Support:
• Act as the primary point of contact for clients regarding Demat account-related queries and transactions.
• Resolve issues related to account discrepancies, transaction errors, and delays in processing.
• Provide guidance to clients on the depository system, market practices, and regulatory changes.
• Compliance & Regulations:
• Ensure all DP activities are conducted in compliance with SEBI, NSDL, CDSL, and depository-related regulations.
• Stay updated with changes in depository guidelines, market rules, and ensure adherence to them.
• Assist in internal and external audits by providing necessary documents, reports, and explanations.
• Transaction Monitoring & Alerts:
• Monitor high-value transactions and report suspicious activities as per anti-money laundering guidelines.
• Track account freezes, unfreezes, and closures while following due procedures and informing clients.
• Relationship Management:
• Build and maintain long-term relationships with clients by providing quality service and maintaining regular communication.
• Promote value-added services related to the depository, such as e-voting and online statements.
• Coordination & Collaboration:
• Liaise with stockbrokers, banks, and other financial institutions to ensure timely and accurate execution of client instructions.
• Work closely with internal teams (compliance, risk management, and operations) to streamline DP processes and resolve issues.

Required Skills:

• In-depth knowledge of depository operations and related regulations.
• Familiarity with NSDL/CDSL systems and platforms.
• Leadership quality. Team leader
• Strong attention to detail with excellent data management skills.
• Good communication and customer service skills.
• Ability to manage multiple clients and prioritize tasks efficiently.
• Understanding of stock markets, securities, and corporate actions.

Qualifications:

• Bachelor's degree in Finance, Commerce, Business Administration, or a related field.
• Previous experience in Depository Participant operations or stockbroking services is preferred.
• Knowledge of SEBI regulations and guidelines governing depository participants.
• Certifications in securities markets or compliance (optional but advantageous).

Job Type: Full-time

Application Question(s):

• What is your current CTC?
• What is Your expected CTC?
• What is Your Notice Period?

Education:

• Bachelor's (Preferred)

Experience:

• total work: 6 years (Preferred)
• Team Leader: 3 years (Required)
• Auditing: 3 years (Required)
• Demat Depository: 3 years (Required)

Language:

• English (Required)

Location:

• Andheri, Mumbai, Maharashtra (Preferred)

Work Location: In person