Job Summary
We are looking for a detail-oriented and responsible DP Executive to manage day-to-day depository operations, including Demat account opening, account maintenance, securities transfer, pledge processing, and coordination with clients, Depositories, and internal teams. The ideal candidate should have a good understanding of NSDL/CDSL procedures and SEBI regulations applicable to depository operations.
Key Responsibilities
- Handle Demat account opening, modification, closure, and maintenance.
- Process off-market and on-market securities transfers as per applicable procedures.
- Handle DIS (Delivery Instruction Slip), e-DIS, and other depository-related instructions.
- Process securities pledging, unpledging, and re-pledging requests.
- Manage transmission, dematerialisation, rematerialisation, and other corporate action-related requests.
- Verify client documents, KYC details, signatures, and supporting records.
- Ensure timely processing of client requests in accordance with NSDL/CDSL guidelines and applicable SEBI regulations.
- Maintain accurate records and documentation of all DP transactions.
- Resolve client queries related to Demat accounts, holdings, transactions, and account statements.
- Coordinate with the Compliance, Risk, Accounts, and Broking Operations teams.
- Assist in reconciliation, audit requirements, and regulatory reporting.
- Ensure adherence to internal policies, data confidentiality, and operational controls.
Required Qualifications
- Graduate in Commerce, Finance, Business Administration, or a related field.
- Relevant experience in DP operations with a stockbroking firm or Depository Participant will be preferred.
- Freshers with a basic understanding of the stock market and depository operations may also apply.
Required Skills
- Knowledge of NSDL/CDSL procedures and Demat account operations.
- Understanding of KYC, DIS, securities transfers, pledging, and settlement processes.
- Familiarity with stockbroking software, DP portals, and MS Excel.
- Strong attention to detail and documentation skills.
- Good communication, coordination, and problem-solving abilities.
- Ability to work under deadlines while maintaining accuracy and compliance.
Preferred Qualifications
- NISM certification relevant to depository operations, where applicable.
- Prior experience with a stockbroking firm, DP, or financial services company..