Manager - DP Operation

Idbi Capital; Mumbai; On-site; INR 1,400,000 - 2,100,000; Full time

Job summary

Idbi Capital is seeking an experienced professional to manage depository participant operations, including account lifecycle, demat activities, and corporate actions, in Mumbai. The role requires deep regulatory understanding and coordination across compliance, risk, IT and client servicing to assure smooth operations.

The ideal candidate will be adept at reconciliations, regulatory reporting, and maintaining dashboards for senior leadership, while ensuring all activities comply with SEBI and

Qualifications

• 7-10 years of experience in DP operations.
• Strong understanding of NSDL/CDSL systems and regulatory requirements.
• Familiarity with back-office platforms and depository interfaces.
• Knowledge of SEBI regulations pertaining to demat and trading operations.
• Strong communication skills.

Responsibilities

• DP operations including account opening/closure, demat/remat, pledging/unpledging, off-market transfers, and corporate actions.
• Ensure adherence to NSDL, CDSL, SEBI guidelines and internal compliance.
• Oversee reconciliation of client holdings, BO balances, and regulatory reporting.
• Coordinate with compliance, risk, IT, and client servicing for smooth operations.
• Prepare for internal and external audits and ensure regulatory compliance.
• Maintain MIS and dashboards for senior management reviews.

Skills

DP operations

Regulatory compliance

Stakeholder communication

Job description

Role & responsibilities

• DP operations including account opening/closure, dematerialization/rematerialization, pledging/unpledging, off-market transfers, and corporate actions.
• Ensure adherence to guidelines issued by NSDL, CDSL, SEBI, and internal compliance teams.
• Oversee reconciliation of client holdings, BO balances, and regular reporting to depositories and regulatory authorities.
• Coordinate with internal departments like compliance, risk, IT, and client servicing to ensure smooth operations.
• Prepare for internal and external audits, and ensure full compliance with regulatory norms.
• Maintain MIS and dashboards for senior management reviews.

Preferred candidate profile

1. 7-10 years of experience in DP operations

2. Strong understanding of NSDL/CDSL systems and regulatory requirements.

3. Familiarity with back-office platforms and depository interfaces.

4. Knowledge of SEBI regulations pertaining to demat and trading operations.

5. Strong communication skills.