Assistant Manager - DP operations

Abans Finserv; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Abans Finserv in Mumbai seeks an experienced DP Operations professional with hands-on knowledge of CDSL/NSDL operations, Demat, Remat, DIS handling, pledge, and regulatory compliance. The candidate should manage clients and regulatory tasks with accuracy and diligence.

Key responsibilities span depository operations, DIS management, pledge, banking documentation, reconciliation, MIS, and investor services, requiring strong document scrutiny, attention to detail, and ability to work independently

Qualifications

• Hands-on knowledge of CDSL/NSDL operations.
• Experience with Demat and Remat processes and DIS management.
• Knowledge of pledge, transmission, and corporate actions.
• Strong regulatory and compliance understanding for SEBI/Exchange guidelines.
• Excellent document scrutiny and attention to detail.

Responsibilities

• Process Demat (DRF) and Remat (RRF) requests.
• Handle account opening, modification, closure, and maintenance activities.
• Process transmission, transposition, nomination registration, and nominee claim requests.
• Coordinate with CDSL, NSDL, RTAs, Issuer Companies, and internal teams.
• Verification and processing of Delivery Instruction Slips (DIS).
• Signature verification and authorization checks.
• Management of On-Market and Off-Market transfers.
• DIS issuance, tracking, record maintenance, and audit compliance.
• Processing of pledge, unpledge, invocation, and margin pledge requests.
• Monitoring pending pledge confirmations and client follow-ups.
• Handling margin pledge-related depository activities.
• Verification of bank account proofs, cancelled cheques, and supporting documents.
• Processing bank modifications and account updates.
• Verification of PAN, Aadhaar, KYC, FATCA, CKYC, and other regulatory documents.
• Scrutiny of signatures, stamps, board resolutions, POA/DDPI, and legal documents.
• Handling Demat operations related to Electronic Gold Receipts (EGR).
• Processing Gold and Silver transfer requests.
• Commodity pledge/unpledge and vault-related documentation.
• Monitoring commodity DP transactions and reconciliations.
• Ensure compliance with SEBI, Exchange, CDSL, and NSDL guidelines.
• Preparation and maintenance of regulatory reports and records.
• Support internal, statutory, exchange, and depository audits.
• Monitoring implementation of regulatory circulars and operational changes.
• Processing Bonus, Rights, Buyback, Tender Offer, Split, and Consolidation activities.
• Handling client queries related to corporate actions.
• Monitoring corporate action credits and reconciliations.
• Daily reconciliation of DP holdings and transactions.
• Client securities reconciliation and discrepancy resolution.
• Preparation of MIS reports and operational dashboards.
• Monitoring pending requests and ensuring adherence to TAT.
• Resolve DP-related client queries and complaints.
• Coordinate with branches, dealers, RMs, compliance, and operations teams.
• Ensure timely execution of client instructions and service requests.

Skills

CDSL NSDL systems

Demat Processing

Remat Processing

DIS Handling

Pledge Processing

Transmission Handling

Corporate Actions

Regulatory Compliance

Document Scrutiny

Client Servicing

Tools

Microsoft Excel

Job description

Job Description – DP Operations Executive / Senior Executive

Department

Depository Participant (DP) Operations

Experience

–3–8 Years

Industry

Stock Broking / Capital Markets / Wealth Management / Depository Participant

Job Summary

We are seeking an experienced DP Operations professional with hands‑on knowledge of CDSL/NSDL operations, Demat & Remat processes, DIS handling, pledge activities, exchange compliance, and client servicing. The candidate should possess strong document scrutiny skills, attention to detail, logical reasoning ability, and the capability to handle regulatory and operational activities independently.

Key Responsibilities

Depository Operations

• Process Demat (DRF) and Remat (RRF) requests.
• Handle account opening, modification, closure, and maintenance activities.
• Process transmission, transposition, nomination registration, and nominee claim requests.
• Coordinate with CDSL, NSDL, RTAs, Issuer Companies, and internal teams.

DIS Management

• Verification and processing of Delivery Instruction Slips (DIS).
• Signature verification and authorization checks.
• Management of On-Market and Off-Market transfers.
• DIS issuance, tracking, record maintenance, and audit compliance.

Pledge Operations

• Processing of pledge, unpledge, invocation, and margin pledge requests.
• Monitoring pending pledge confirmations and client follow-ups.
• Handling margin pledge-related depository activities.

Banking & Documentation

• Verification of bank account proofs, cancelled cheques, and supporting documents.
• Processing bank modifications and account updates.
• Verification of PAN, Aadhaar, KYC, FATCA, CKYC, and other regulatory documents.
• Scrutiny of signatures, stamps, board resolutions, POA/DDPI, and legal documents.

Commodity & EGR Operations

• Handling Demat operations related to Electronic Gold Receipts (EGR).
• Processing Gold and Silver transfer requests.
• Commodity pledge/unpledge and vault‑related documentation.
• Monitoring commodity DP transactions and reconciliations.

Regulatory & Compliance Activities

• Ensure compliance with SEBI, Exchange, CDSL, and NSDL guidelines.
• Preparation and maintenance of regulatory reports and records.
• Support internal, statutory, exchange, and depository audits.
• Monitoring implementation of regulatory circulars and operational changes.

Corporate Action & Investor Services

• Processing Bonus, Rights, Buyback, Tender Offer, Split, and Consolidation activities.
• Handling client queries related to corporate actions.
• Monitoring corporate action credits and reconciliations.

Reconciliation & MIS

• Daily reconciliation of DP holdings and transactions.
• Client securities reconciliation and discrepancy resolution.
• Preparation of MIS reports and operational dashboards.
• Monitoring pending requests and ensuring adherence to TAT.

Client Service & Operational Support

• Resolve DP-related client queries and complaints.
• Coordinate with branches, dealers, RMs, compliance, and operations teams.
• Ensure timely execution of client instructions and service requests.

Desired Skills

• Strong working knowledge of CDSL and NSDL systems.
• Expertise in Demat, Remat, DIS, Pledge, Transmission, and Corporate Action processes.
• Good understanding of Exchange and Depository regulations.
• Strong document verification and scrutiny skills.
• Excellent logical reasoning and analytical ability.
• Strong attention to detail and compliance orientation.
• Good communication and coordination skills.
• Proficiency in Microsoft Excel and operational reporting.

Key Competencies

• DP Operations
• Demat & Remat Processing
• DIS Verification & Processing
• Pledge / Unpledge Operations
• Transmission & Nomination Handling
• Gold & Silver EGR Operations
• Regulatory Compliance
• Document Scrutiny
• Reconciliation & MIS Reporting
• Client Service & Query Resolution
• Dp Related Paper work and filling
• Reconciliation and document verification of filed documents