Head DP and KYC Operations

Intellectual Capital HR Consulting Pvt. Ltd.; Nagpur District; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. seeks a Head DP & KYC Operations to oversee Demat account operations, KYC processing, and client onboarding. The role ensures regulatory compliance, efficient account handling, and strong leadership of the DP & KYC team.

You will manage end-to-end onboarding for Retail, HNI and Institutional clients, ensure KYC verifications per SEBI rules, and drive process improvements with SOP development and KPIs. Collaboration with vendors and IT is essential.

Qualifications

• Graduate or postgraduate in Finance, Commerce, or related field.
• Experience: 5–12 years in DP operations, KYC, or back-office in stock broking/financial services.
• Strong knowledge of NSDL/CDSL operations, SEBI KYC regulations, and account opening processes.
• Hands-on experience with DP software, KYC verification platforms, and MIS reporting.

Responsibilities

• Oversee DP operations including account opening, transfers, dematerialization, rematerialization, and closures.
• Coordinate with NSDL/CDSL and depository participants for smooth functioning.
• Ensure compliant KYC processing and end-to-end client onboarding (Retail, HNI, Institutional).
• Lead and mentor the DP & KYC team; develop SOPs and set KPIs.
• Maintain compliance with SEBI, NSDL/CDSL, and exchange regulations; conduct internal audits.
• Prepare MIS reports on operations, onboarding metrics, and risks; coordinate with vendors and IT teams.

Skills

Leadership

Communication

Process management

KYC regulations

DP operations

MIS reporting

Vendor coordination

Education

Finance/Commerce degree

Tools

DP software

KYC platforms

MIS tools

Job description

Job Title: Head DP & KYC Operations

Job Summary:

The Head of DP & KYC will oversee all operations related to Depository Participant (Demat) accounts, KYC processing, and client onboarding. The role ensures compliance with regulatory requirements, smooth account management, and operational efficiency while leading the DP & KYC team.

Key Responsibilities:

1. DP Operations

• Oversee Demat account opening, transfers, dematerialization, rematerialization, and closures.
• Coordinate with NSDL/CDSL and Depository Participants to ensure smooth functioning.
• Monitor Demat account reconciliations, settlements, and exception handling.
• Ensure timely execution of corporate actions like bonus, splits, dividends, etc.

2. KYC & Client Onboarding

• Manage the end-to-end client onboarding process (Retail, HNI, Institutional).
• Ensure KYC verification as per SEBI, exchange, and internal guidelines.
• Oversee account documentation, verification, and approval processes.
• Handle escalations in KYC discrepancies or incomplete documentation.

3. Compliance & Regulatory Oversight

• Ensure compliance with SEBI, NSDL/CDSL, and exchange regulations.
• Maintain audit trails and documentation for regulatory inspections.
• Conduct periodic internal audits of DP & KYC processes.

4. Team Leadership & Process Management

• Lead, mentor, and manage DP & KYC operations team.
• Develop and implement process improvements and standard operating procedures (SOPs).
• Set KPIs and monitor team performance for efficiency and accuracy.

5. MIS & Reporting

• Prepare regular reports on Demat account operations, KYC compliance, and onboarding metrics.
• Report exceptions, pending cases, and operational risks to senior management.
• Support management in decision-making with accurate operational data.

6. Technology & Vendor Coordination

• Liaise with KYC verification vendors, DP software providers, and IT teams.
• Implement automation and system upgrades for faster processing and accuracy.

Required Skills & Qualifications:

• Graduate or Postgraduate in Finance, Commerce, or related field.
• 5–12 years of experience in DP operations, KYC, or back-office operations in a stock broking/financial services firm.
• Strong knowledge of NSDL/CDSL operations, SEBI KYC regulations, and account opening processes.
• Hands-on experience with DP software, KYC verification platforms, and MIS reporting.
• Excellent leadership, communication, and process management skills.
• Detail-oriented, process-driven, and compliance-focused.