Head – Operations Department (Stock Market Back Office)

DELTA VIBE BROKING PVT LTD; Rajkot; Sur place; INR 1 200 000 - 2 400 000; Plein temps

Résumé du poste

DELTA VIBE BROKING PVT LTD in Rajkot seeks an experienced Head of Back Office Operations to oversee day-to-day stock broking back-office activities. The role requires hands-on management of client accounts, settlement processes, KYC procedures, and compliance with regulatory requirements.

You will coordinate with clearing members, depository operations, and back-office software to ensure accurate processing and timely reporting.

Qualifications

• Minimum 3 years in head office of stock broking or stock market operations.
• Hands-on experience in day-to-day back-office operations.
• Strong knowledge of KYC, pay-in/pay-out, settlement, and DP processes.
• Experience with clearing corporation/clearing member operations.
• Proficient with back-office software and accounting workflows.

Responsabilités

• Independently manage daily back-office activities and supervise operations.
• Ensure timely processing of trades, client ledgers, and settlement records.
• Oversee KYC onboarding, account openings, and documentation.
• Coordinate pay-in/pay-out, settlement reconciliation, and reporting.
• Liaise with clearing members and exchanges for settlement issues.
• Manage depository (DP) operations and demat/remat processes.
• Maintain audit trails and support regulatory reporting.

Connaissances

Back Office Operations

KYC Procedures

Settlement Processes

Clearing & DP Operations

Stock Market Software

Reconciliation

Team Coordination

Outils

Stock Broking Software

Description du poste

Experience Required: Minimum 3 Years in HEAD OFFICE of Stock Broking / Stock Market Operations

Job Type: Full-Time

Salary: No bar for the right candidate

About the Role

Industry: Stock Broking / Stock Market

Department: Back Office Operations

Experience Required: Minimum 3 Years in HEAD OFFICE of Stock Broking / Stock Market Operations

Job Type: Full-Time

Salary: No bar for the right candidate

About the Role

We are looking for an experienced and highly competent Head of Back Office Operations to independently manage and supervise the day-to-day operations of a stock broking company. The ideal candidate must have strong practical knowledge of stock market back-office activities, client account operations, settlement processes, clearing corporation coordination, depository operations, and back-office software.

This position requires a hands‑on professional who can manage operations independently, ensure accuracy, meet deadlines, and maintain compliance with applicable exchange and regulatory requirements.

Key Responsibilities

1. Day-to-Day Back Office Operations

• Independently manage and supervise all daily back‑office activities.
• Ensure timely processing of trades, trade bills, client ledgers, contract notes, and settlement‑related records.
• Monitor daily operational reports and resolve discrepancies.
• Ensure smooth coordination between the dealing, accounts, compliance, and operations teams.

2. KYC and Client Account Management

• Have strong practical knowledge of client onboarding and KYC procedures.
• Handle client documentation, account opening, modification, activation, and closure processes.
• Understand KRA, CKYC, IPV/video IPV, UCC creation, and related documentation requirements, as applicable.
• Ensure proper maintenance of client records and compliance with applicable regulatory requirements.

3. Pay-in, Pay-out and Settlement Operations

• Independently handle securities and funds pay‑in/pay‑out processes.
• Manage client‑wise funds and securities allocation and settlement reconciliation.
• Understand settlement obligations, shortages, auction‑related processes, and settlement deadlines.
• Reconcile client ledgers, broker accounts, and settlement balances accurately.

4. Clearing Corporation and Clearing Member Coordination

• Have practical knowledge of clearing corporation settlement processes and clearing member operations.
• Handle settlement obligations, margin reporting, collateral/margin adjustments, and reconciliation.
• Coordinate with clearing members and exchanges for settlement issues and operational discrepancies.
• Reconcile clearing member statements with back‑office records.

5. Depository Participant (DP) Operations

• Possess working knowledge of DP operations and securities settlement.
• Understand demat account operations, demat/remat processes, pledge and unpledge, and off‑market/on‑market transfers, as applicable.
• Handle securities pay‑in/pay‑out coordination, transaction reconciliation, and related reports.

6. Back‑Office Software – In‑Depth Practical Knowledge

• Must have comprehensive, hands‑on knowledge of stock broking back‑office software, including its operational modules and accounting workflows.
• Must be capable of independently handling trade processing, billing, client ledgers, settlement entries, funds and securities allocation, margin adjustments, reconciliation, and report generation.
• Should understand software configurations, operational controls, exception handling, and troubleshooting.
• Must be able to identify and resolve discrepancies without unnecessary dependency on external support.

7. Reconciliation, Reporting and Compliance

• Reconcile client accounts, broker accounts, clearing member balances, bank balances, and depository records.
• Ensure accurate daily reports and timely completion of settlement‑related activities.
• Maintain proper audit trails, records, and supporting documentation.
• Support internal audits, exchange inspections, and regulatory reporting as required.

Mandatory Eligibility Criteria

• Minimum 3 years of relevant experience in stock broking or stock market back‑office operations.
• Proven experience handling day‑to‑day back‑office operations independently.
• Strong practical knowledge of KYC, pay‑in/pay‑out, client allocation, clearing corporation/clearing member operations, and DP processes.
• In‑depth knowledge of stock broking back‑office software and its operational workflows.
• Ability to handle operational issues, reconciliations, and settlement activities independently.
• Strong analytical, coordination, problem‑solving, and team‑management skills.

We are looking for a professional who can take ownership of the entire back‑office operation and manage it efficiently with minimal supervision.

Salary / Compensation: No bar for the right candidate. We are willing to offer an attractive package to a genuinely experienced, capable, and deserving candidate.