Assistant Manager - DP (Stock Broking)

Univest-Stock-Broking-Private-Limited; Gurugram District; On-site; INR 3,000,000 - 4,200,000; Full time

Job summary

Univest-Stock-Broking-Private-Limited is seeking a seasoned KYC & DP Operations professional in Gurgaon with 9–11 years of relevant experience. You will manage end-to-end DP processes, ensure strict regulatory compliance, and coordinate with depositories and internal teams to deliver accurate, timely service.

You will lead KYC onboarding, handle risk controls, and drive process improvements in a high-volume environment, ensuring quality and audit readiness across the DP function.

Qualifications

• 9–11 years in stockbroking, capital markets, or financial services.
• Substantial hands-on DP operations experience required.
• Strong knowledge of KYC, KRA, CKYC, SEBI regulations, AML/PMLA.

Responsibilities

• Manage end-to-end DP operations: demat account opening, activation, maintenance.
• Oversee KYC verification and client onboarding per SEBI/CKYC requirements.
• Ensure regulatory compliance and support audits/regulatory inspections.
• Coordinate with depositories, exchanges, and internal teams.
• Improve SOPs, workflows, and risk controls; monitor KPIs.

Skills

DP Operations

KYC

Regulatory Compliance

Stakeholder Management

Process Improvement

Team Leadership

Education

Commerce/Finance/Business Administration degree

Tools

CDSL/NSDL systems

Job description

Univest is an investment ecosystem enabling users to make higher ROI by making investment journeys smart, frictionless & rewarding. Starting with stock market investments, from identifying the right investment opportunities ( basis one’sinvestment style), easy research, to exiting an investment at the right time, all from a single application. No we’re not a broker platform. We’re a data product. And we’re a funded startup.

About our growth

56%+ avg. MoM growth for 9 straight months, achieving anEBITDAof~$1MARRin November, with over 8 lakh+ users and managing more than 2500 Cr+ in AUM!

Job Description

Job Description: KYC & Depository Participant (DP) Operations

Experience: 9–11 Years
Function: Operations / Compliance
Industry: Stock Broking / Capital Markets / Financial Services
Location: Gurgaon, Haryana
Role Type: Full-Time

Role Overview

We are looking for an experienced KYC & Depository Participant (DP) professional with 9–11 years of relevant experience, primarily in Depository Participant operations. The ideal candidate should have strong expertise in demat account opening and maintenance, CDSL/NSDL operations, KYC verification, regulatory compliance, and end-to-end DP processes.

The candidate will be responsible for ensuring seamless DP operations, maintaining regulatory compliance, managing operational risks, and coordinating with depositories, exchanges, internal teams, and clients.

Key Responsibilities

1. Depository Participant (DP) Operations — Primary Responsibility

Manage end-to-end DP operations, including demat account opening, activation, modification, closure, and maintenance.

Handle CDSL/NSDL-related activities, processes, portals, and regulatory requirements.

Oversee dematerialisation, rematerialisation, off-market transfers, inter-depository transfers, and other securities-related transactions.

Manage DIS processing, e-DIS, DDPI, and related authorisations, wherever applicable.

Handle pledge creation, invocation, closure, and release, along with securities transfer and settlement-related activities.

Ensure timely processing of client requests, transaction instructions, and service requests within prescribed turnaround times.

Reconcile DP records and resolve discrepancies related to client holdings, transactions, and depository records.

Coordinate with CDSL/NSDL, clearing corporations, exchanges, and other relevant stakeholders for operational matters.

Maintain DP records, documentation, registers, and audit trails in accordance with applicable regulations.

2. KYC & Client Onboarding

Oversee KYC verification and client onboarding in accordance with applicable SEBI, KRA, CKYC, and PMLA requirements.

Ensure appropriate verification of PAN, identity, address, bank details, and other prescribed documents.

Manage KYC modifications, rejections, discrepancies, remediation, and periodic updation wherever applicable.

Ensure adherence to applicable in-person verification, IPV, and video-based verification requirements.

Coordinate with compliance, risk, and client servicing teams to resolve onboarding and documentation issues.

Monitor KYC exceptions and ensure timely closure of pending cases.

3. Regulatory Compliance & Audits

Ensure adherence to applicable SEBI regulations, depository bylaws, operating instructions, and internal policies.

Support internal audits, concurrent audits, DP audits, and regulatory inspections.

Prepare and maintain operational reports, compliance records, reconciliations, and audit documentation.

Identify process gaps, operational risks, and control deficiencies and implement corrective measures.

Track regulatory circulars and ensure timely implementation of relevant changes.

4. Process Management & Stakeholder Coordination

Establish and improve SOPs, maker-checker controls, and operational workflows.

Monitor productivity, turnaround times, pending cases, and error rates.

Coordinate with technology, product, compliance, risk, and customer support teams to resolve operational issues.

Support automation and process improvements to enhance operational efficiency and accuracy.

Guide team members and ensure adherence to established processes and service standards.

Required Qualifications & Experience

Graduate in Commerce, Finance, Business Administration, or a related discipline; relevant professional qualifications are an advantage.

9–11 years of overall relevant experience in stockbroking, capital markets, or financial services.

Substantial hands-on experience in DP operations is mandatory and should form the major part of the candidate’s experience.

Strong working knowledge of CDSL and/or NSDL processes and systems.

Practical experience in demat account operations, securities transfers, pledging, account maintenance, and DP compliance.

Sound understanding of KYC, KRA, CKYC, SEBI regulations, and applicable AML/PMLA requirements.

Experience handling audits, reconciliations, operational controls, and regulatory documentation.

Strong analytical, problem-solving, communication, and stakeholder-management skills.

Preferred Candidate Profile

Candidates from stockbroking firms, depository participants, securities firms, or capital market intermediaries.

Professionals who have independently handled DP operations rather than working exclusively in KYC or general client onboarding.

Experience managing DP processes in a high-volume environment.

Exposure to process automation, operational risk management, and team supervision.

NISM certifications relevant to depository operations are an advantage, where applicable.

Strong DP operational expertise

Regulatory and compliance orientation

Attention to detail and accuracy

Problem-solving and decision-making

Process ownership and execution

Team coordination and stakeholder management

Success in this role will be measured by: operational accuracy, adherence to regulatory requirements, timely processing of DP requests, audit outcomes, reduction in exceptions, and overall process efficiency.