Depository Operations Professional – Banking/Financial Services Quest Business Solution

The Corporate Institute; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking a hands-on Depository Operations Professional to oversee day-to-day DP operations, ensuring accurate and compliant processing of demat activities for clients. Preference given to candidates with hands-on IBEATS DP software experience.

You will manage demat account openings, transfers, corporate actions, and reconciliation while coordinating with CDSL/NSDL, RTAs and other teams. Strong knowledge of SEBI rules and DP processes is essential.

Qualifications

• 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.

Responsibilities

• Manage end-to-end DP operations including demat account opening, modification and closure.
• Process on-market/off-market transfers, dematerialisation, rematerialisation, 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.
• 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.

Skills

DP operations

Demat accounts

MS Excel

Reconciliation

SEBI rules

IBEATS DP

Education

Commerce/Finance degree

Banking background

Tools

IBEATS DP software

Job description

Role Overview:

We are looking for a hands-on Depository Operations Professional to manage day-to-day DP operations and ensure smooth, accurate and compliant processing of demat-related activities. Candidates with hands-on experience in IBEATS DP software will be strongly preferred.

Key Responsibilities:

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


• Process on-market/off-market transfers, dematerialisation, rematerialisation, 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.

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.

Ideal Candidate:

The ideal candidate should be capable of independently handling day-to-day DP operations, resolving operational issues, coordinating with Depositories/RTA and ensuring timely and accurate processing of client transactions.

Priority will be given to candidates with hands-on experience in IBEATS and a strong understanding of CDSL/NSDL operations.