Deputy Manager - Clearing Operations

The NSE Clearing Limited; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

The NSE Clearing Limited in Mumbai is seeking a dedicated Clearing & Settlement professional to support daily clearing activities, resolve member queries, and manage MIS reporting. You will work across the lifecycle of cleared products, ensuring accurate obligation determinations and timely reporting within defined SLAs.

Role requires 1–3 years in finance or BFSI, with exposure to securities markets and data management.

Qualifications

• 1–3 years in finance/BFSI or securities market preferred.
• Experience in operations management within securities market is desirable.
• Proficient in handling large data sets and MS Office suite.

Responsibilities

• Support daily clearing activities and resolve member queries per guidelines.
• Collate data and prepare MIS reports as required.
• Understand end-to-end trade lifecycle for cleared products.
• Ensure obligation determination (Stamp duty, STT, CTT) and generate reports within SLA.
• Escalate deviations promptly and maintain SOPs and checklists.
• Allocate CP codes to custodians and clearing members.
• Interact with NSE/NCL internal teams and external parties (brokers, banks, regulators).
• Monitor corporate actions, ex-date determination, and derivative position adjustments.

Skills

MS Office

Data handling

Trade life cycle

Securities market

Problem solving

Stakeholder interaction

Education

Bachelor's degree in Finance/Commerce/related field

Tools

MS Excel

MS PowerPoint

Job description

Clearing & Settlement 14 Jul, 2026 Permanent Essential – 1 - 3 years experience in the Finance sector with BFSI/ Securities Market Desired – Experience in managing operations involved in securities market.

Purpose of the role:

To support in daily clearing activities, managing problems of members’ and their queries following the administration guidelines, collation of data and MIS reporting wherever required.

Key Responsibilities:

Clearing activities:

• Understanding the end to end Trade life cycle of the products being cleared at NCL
• In charge of ensuring Determination of obligation including Stamp duty/STT/CTT etc , generation of reports for all Segments within defined SLA
• Prompt escalation in case of any deviation
• Checklist formulation and SOP formulation
• Execute processes in a timely manner while adhering to Checklist.
• CP code allocation to Custodians / Clearing Members
• Active Interaction with Internal departments in NSE/NCL and also External parties like Brokers, Banks, Regulators and Other exchanges/Clearing Corporations

Tracking Circulars & mails for Actionable items across all Exchanges/CCs:

• Monitor corporate actions & determine Ex date based on record date or book closure date.
• In derivative segments Adjust positions according to the corporate actions and adjust price on dividends.
• Symbol change and ISIN change to be tracked
• Contract specification changes /Delisting/Exclusion of contracts etc

Managing Data:

• Candidate should be capable of working on huge data sets and well conversant with MS office.
• Basic Product knowledge is expected.
• Prompt escalation in case of any deviation.

Note: Additional responsibilities may be added from time to time depending on organisational requirements.