AGM / DGM Back Office Operations

Estee Advisors; Gurugram District, Mumbai; Hybrid; INR 1,200,000 - 2,400,000; Full time

Job summary

Estee Advisors Pvt Ltd. is seeking an experienced Back Office Operations Lead to oversee BOD/EOD processes, trade reconciliations, clearing and settlement across Indian exchanges.

The role requires managing internal controls, client reporting, and regulatory submissions to ensure compliance and efficiency. You will coordinate with Trading, Risk, Finance, and Technology teams to optimize workflows and scale operations for growing volumes.

Qualifications

• Graduate or postgraduate degree in Finance, Commerce, Economics or a related discipline.
• 10-15+ years of relevant experience in capital markets back-office operations, stockbroking, clearing and settlement, or proprietary trading operations.
• Strong hands-on experience in managing back-office operations for high-volume trading businesses.
• In-depth understanding of Indian equity and derivatives markets, exchange operations, margin requirements and settlement processes.
• Experience with BOD/EOD operations, trade reconciliations, client reporting, back-office systems and exchange-related submissions.
• Proven ability to manage teams, coordinate with multiple stakeholders and maintain strong operational controls.
• Strong analytical and problem-solving skills, with exposure to process automation and technology-driven operational improvements.

Responsibilities

• Oversee daily Beginning-of-Day (BOD) and End-of-Day (EOD) processes across NSE, BSE, MCX and other market segments.
• Ensure accurate reconciliation of trades, positions, funds, securities and margins across internal systems and exchanges.
• Supervise clearing and settlement activities, including margin requirements, collateral management, and pay-in/pay-out obligations.
• Oversee daily, monthly, quarterly and annual back-office reporting including client statements and MIS.
• Maintain operational controls and ensure adherence to SEBI and exchange requirements.
• Manage exchange-related submissions, inspections and audit requirements, ensuring regulatory compliance.
• Coordinate with Trading, Risk, Finance, Business Development, Technology, exchanges and clearing partners to resolve issues.
• Work with Technology teams to improve back-office systems and automate reconciliations and reporting.
• Lead and develop the back-office team and scale processes for higher volumes.

Education

Graduate or postgraduate degree in Finance, Commerce, Economics or a related discipline

Job description

Role & responsibilities

Back Office Operations: Oversee daily Beginning-of-Day (BOD) and End-of-Day (EOD) processes, trade processing, reconciliations and post-trade activities across NSE, BSE, MCX and other applicable market segments.

Trade & Position Reconciliation: Ensure accurate reconciliation of trades, positions, funds, securities and margins across internal systems, exchanges, brokers and clearing corporations.

Clearing & Settlement: Supervise clearing and settlement activities, including margin requirements, collateral management, pay-in/pay-out obligations, client segregation and timely resolution of discrepancies.

MIS & Reporting: Oversee daily, monthly, quarterly and annual back-office reporting, including client statements, brokerage and clearing-related MIS, exception reports and management reporting.

Operational Controls & Compliance: Maintain effective operational controls, monitor exceptions and ensure adherence to applicable SEBI, exchange and clearing corporation requirements.

Audit & Exchange Coordination: Manage exchange-related submissions, inspections and audit requirements, ensuring accurate documentation, timely responses and regulatory compliance.

Stakeholder Management: Coordinate with Trading, Risk, Finance, Business Development, Technology, exchanges and clearing partners to resolve operational issues and support business requirements.

System Enhancements & Automation: Work with Technology teams and software vendors to improve back-office systems, automate reconciliations and reporting, and enhance operational efficiency.

Team Leadership: Lead, mentor and develop the back-office team, ensuring timely execution, accuracy, accountability and adherence to operational standards.

Process Improvement & Scalability: Strengthen operational processes and infrastructure to support increasing trading volumes, new strategies and business expansion.

Qualifications & Experience

• Graduate or postgraduate degree in Finance, Commerce, Economics or a related discipline.
• 1015+ years of relevant experience in capital markets back-office operations, stockbroking, clearing and settlement, or proprietary trading operations.
• Strong hands-on experience in managing back-office operations for high-volume trading businesses.
• In-depth understanding of Indian equity and derivatives markets, exchange operations, margin requirements and settlement processes.
• Experience with BOD/EOD operations, trade reconciliations, client reporting, back-office systems and exchange-related submissions.
• Proven ability to manage teams, coordinate with multiple stakeholders and maintain strong operational controls.
• Strong analytical and problem-solving skills, with exposure to process automation and technology-driven operational improvements.