Assistant Manager - Operations

ABC - Aditya Birla Money Limited

Tamil Nadu

On-site

INR 500,000 - 700,000

Full time

4 days ago

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Job summary

ABC - Aditya Birla Money Limited is seeking a careful DP operations associate to process client instructions for Demat, Remat, Pledge and transfers, ensuring compliance with SEBI, NSDL and CDSL guidelines. You will work across online platforms to support timely settlements.

The role demands strong attention to detail, excellent communication with clients and internal teams, and the ability to operate in a regulated, high-volume environment.

Qualifications

Experience in processing client instructions for Demat, Remat, Pledge, and transfers.
Ensures compliance with SEBI, NSDL, CDSL and other regulators.
Strong attention to detail to prevent mis-transfers and penalties.
Ability to manage online platforms SPEED-e, IDeAS & SPICE DIRECT.

Responsibilities

Transfer and conversion of securities across Demat and G-Sec as per client instructions.
Pledging and hypothecation of securities for loans.
Re-issuance of DIS additional books to clients.
Ensure compliance with regulatory bodies and internal auditing.
Manage online platforms for transfers without physical instructions.

Skills

Client relationship management

Communication & presentation

Business development / cross selling

Proactive attitude

Industry network

Customer service orientation

Analytical skills

Team building

Job description

Job Purpose

To process instructions received from the Clients like Demat, Remat, Pledge, transfer of shares from one account to another etc. To follow compliance without any exception as per the guidelines prescribed by the Depository & SEBI

Job Context & Major Challenges

Aditya Birla Money Ltd. (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of ~800 spread across ~40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABM works in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc. ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local Broking outfits.

Job Purpose

Job Context & Major Challenges

Job Context

To ensure transfer of securities of Clients from Demat account holder to Exchange Clearing Corporations for meeting Exchange obligation, and also for transfer to other accounts basis on receipt of client instructions.
To ensure scan image of clients’ physical Delivery Instruction slips (DIS) submitted for transfer of securities, are reported to Depositories (NSDL & CDSL) before the cut-off time i.e. before end of the next working day.
To ensure Clients Pledging / Hypothecating of their securities with Bank / NBFC for availing Loans i.e. Loan against Securities within TAT.
To ensure Conversion of Client’s physical share securities into electronic mode and vice versa within TAT.
To ensure Conversion / Reconversion of Government Securities from SGL account to Demat account and vice versa within TAT.
To ensure Re-issuance of DIS additional Books to the clients on receipt of valid requests.
To ensure that all activities and operations of the Department are carried out in compliance with various regulatory bodies like SEBI, NSDL and CDSL.

Major Challenges

Any wrong transfer of securities ie either transfer of excess securities or transfer to wrong accountholder which will leads to huge financial loss to Organisation & deviation of regulations.
Wrong or Non-reporting or delayed process or any non-compliance activities or non-submission of statutory reports will be viewed seriously by Regulators and shall levy penal charges.

The Critical Skill Sets That This Profile Requires Are

Client relationship Management, Communication & presentation skills, Business building skills, proactive attitude, a strong industry network & high customer service orientation.

Product Knowledge & Analytical Skills, understanding of other product offerings of ABC & Cross Selling Skills and Team Building Skills

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

KRA1 Transfer & Conversion of securities

To check for unauthorized transfer & obtains client’s consent before executions
To ensure conversion of Client’s physical securities to electronic mode and vice versa To ensure conversion / reconversion and Transferring of Government –Securities (G-Sec)

KRA2 Pledging / Hypothecating

Pledging / Hypothecating of their securities with Bank / NBFC for availing Loans i.e. Loan against Securities

KRA3 Re-issuance of DIS additional Books

Re-issuance of DIS additional Books to the clients

KRA4 Compliance adherence

Compliance adherence – Internal / Concurrent Auditors and Depositories Annual Inspections
To support entire DP operations are carried out within the compliance with various regulatory bodies like SEBI, NSDL and CDSL.

KRA5 Manage online platforms