Depository Operations professional

Talent Corner Hr Services; Mumbai Suburban; On-site; INR 450,000 - 700,000; Full time

Job summary

Talent Corner Hr Services in Mumbai invites an experienced DP Operations Specialist to manage end-to-end demat operations, transfers, dematerialisation, and pledge-related activities with meticulous accuracy. Knowledge of stock broking operations is desirable.

The role involves coordinating with CDSL/NSDL, ensuring SEBI compliance, handling corporate actions, daily reconciliations, and maintaining audit trails while delivering DP reports.

Qualifications

• 3–7 years of relevant experience in DP/Depository Operations.
• Strong knowledge of CDSL/NSDL processes.
• Hands-on experience with IBEATS DP software is highly preferred.
• Graduate in Commerce, Finance, Banking or related discipline.

Responsibilities

• Manage end-to-end DP operations including demat account opening, modification and closure.
• Process on-market/off-market transfers, dematerialisation, dematerialisation, pledge/unpledged and invocation.
• Handle transmission, transposition, DIS/e-DIS and other securities-related requests.
• Process and reconcile corporate actions including bonus, split, merger, rights, buyback and dividend-related activities.
• Perform daily reconciliation of DP records, client holdings and internal back-office records and resolve discrepancies.
• Maintain accurate client records, transaction documentation and operational audit trails.
• Coordinate with CDSL/NSDL, RTAs, Compliance, Accounts, Risk and Broking teams.
• Ensure compliance with SEBI and Depository regulations, including DP audits and inspections.
• Handle client queries relating to demat accounts, holdings and transactions.
• Generate and maintain required DP reports and MIS.
• Identify operational gaps and contribute to improving processes and controls.

Skills

End-to-end DP operations

Attention to detail

Ownership

CDSL/NSDL knowledge

Stock broking domain knowledge

Education

Graduate in Commerce, Finance, Banking or related discipline

Tools

IBEATS DP software

MS Excel

Job description

Role & responsibilities

• Manage end-to-end DP operations including demat account opening, modification
  and closure.
  
• Process on-market/off-market transfers, dematerialisation, dematerialisation,
  pledge/unpledged and invocation.
  
• Handle transmission, transposition, DIS/e-DIS and other securities-related requests.
  
• Process and reconcile corporate actions including bonus, split, merger, rights, buyback and dividend-related activities.
  
• Perform daily reconciliation of DP records, client holdings and internal back-office records and resolve discrepancies.
  
• Maintain accurate client records, transaction documentation and operational audit trails.
  
• Coordinate with CDSL/NSDL, RTAs, Compliance, Accounts, Risk and Broking teams.
  
• Ensure compliance with SEBI and Depository regulations, including preparation for
  DP audits and inspections.
  
• Handle client queries relating to demat accounts, holdings and transactions.
  
• Generate and maintain required DP reports and MIS.
  
• Identify operational gaps and contribute to improving processes and controls.
  

Preferred candidate profile

• 3-7 years of relevant experience in DP / Depository Operations.
  
• Strong practical knowledge of CDSL / NSDL processes.
  
• Hands-on experience with IBEATS DP software is highly preferred.
  
• Prior experience with a stock broking company / Depository Participant preferred.
  

• Good knowledge of MS Excel and reconciliation processes.
  
• Understanding of SEBI, CDSL/NSDL rules and DP compliance requirements.
  
• Strong attention to detail, ownership and ability to independently manage operations.
  
• Graduate in Commerce, Finance, Banking or related discipline preferred.