AVP - DP Operations

Anand Rathi Share and Stock Brokers Ltd; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Anand Rathi Share and Stock Brokers Ltd in Mumbai seeks an experienced DP Operations lead to drive day‑to‑day depository activities, ensure timely securities transfers, and manage back‑office processes. You will coordinate with vendors and support regulatory inspections to maintain compliance.

The role requires 8–10 years in DP operations, strong CDSL/NSDL knowledge, and hands‑on experience with market and off‑market transfers, BOD/EOD, and audits.

Qualifications

• 8–10 years of DP Operations experience in financial services or stockbroking.
• Strong knowledge of CDSL and NSDL depository systems and back‑office applications.
• Hands-on in on‑market/off‑market transfers, pledging, unpledging, invocation.
• Experience in BOD/EOD processing, vendor management, inspections and regulatory compliance.

Responsibilities

• Manage day‑to‑day DP operations ensuring timely and accurate processing of depository activities.
• Oversee transfers, pledging, unpledging, and invocation of securities with on‑market and off‑market deals.
• Monitor BOD/EOD processes in DP back‑office and related systems.
• Coordinate with vendors for system maintenance, upgrades and issue resolution.
• Support inspections, audits, and regulatory reviews with proper documentation and timely closure of observations.
• Ensure adherence to SEBI, CDSL, NSDL and internal policies and procedures.

Skills

DP operations

Securities transfers

BOD & EOD

System & process mgmt

Vendor management

Inspection & audit

Compliance & controls

Job description

We are looking for an experienced professional to lead and manage (DP) Operations, ensuring smooth execution of depository transactions, effective back-office management, regulatory compliance, and coordination with internal teams and external vendors.

Role & Responsibilities:

• DP Operations: Manage day-to-day DP operations, ensuring timely and accurate processing of all depository-related activities.
• Securities Transfers: Oversee the execution and processing of on-market and off-market transfers, including pledging, unpledging, and invocation of securities.
• BOD & EOD Activities: Monitor and manage Beginning-of-Day (BOD) and End-of-Day (EOD) processes in the DP back-office, including Commodity and Direct systems of CDSL/NSDL.
• System & Process Management: Ensure smooth functioning of DP back-office systems, timely processing of transactions, and resolution of operational issues.
• Vendor Management: Coordinate with DP back-office software vendors for system maintenance, issue resolution, upgrades, and process improvements.
• Inspection & Audit: Coordinate and support DP inspections, audits, and regulatory reviews, ensuring proper documentation and timely closure of observations.
• Compliance & Controls: Ensure adherence to applicable SEBI, CDSL, NSDL, and other regulatory guidelines, internal policies, and operational procedures.

Preferred candidate profile:

• 8 to 10 years of relevant experience in DP Operations, preferably with a stockbroking firm or financial services organization.
• Strong working knowledge of CDSL and NSDL depository systems and DP back-office applications.
• Hands-on experience in on-market/off-market transfers, pledging, unpledging, invocation, and related depository transactions.
• Experience in BOD/EOD processing, vendor management, inspections, audits, and regulatory compliance.