Senior Associate - Securities Settlement

DreamStreet; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

DreamStreet in Mumbai is seeking a Settlement Specialist to manage the end-to-end Securities Pay-in and Pay-out settlement lifecycle and oversee daily settlement operations. You will ensure compliance with clearing corporations and collaborate with depositories and internal audit teams to mitigate risks.

The role requires a graduate degree in Commerce/Finance, 4–5 years in stockbroking or custody settlement, and NISM certifications (VI or VII).

Qualifications

• Education: Graduate degree in Commerce, Finance, Business Administration, or related field.
• Certifications: Mandatory NISM Series-VI (Depository Operations) or Series-VII (Securities Operations and Risk Management).
• Experience: 4 to 5 years in stockbroking operations or custody settlement environment.
• Technical knowledge: Deep understanding of back-office settlement systems, DP mechanisms, and clearinghouse processes.
• Traits: Strong analytical capabilities with a solution-oriented mindset.
• Communication: Excellent interpersonal skills to manage relationships with external regulatory bodies and internal teams.

Responsibilities

• Settlement Execution: Manage and execute end-to-end processes for daily Securities Pay-in and Pay-out.
• Core Operations: Oversee daily settlement operations, track corporate actions, shortages, and auction processes.
• Stakeholder Coordination: Coordinate with NSDL, CDSL, exchanges, clearing corporations, internal audit and compliance teams.
• Compliance & Audit: Ensure settlement activities align with SEBI regulations, exchange guidelines, and internal risk policies and assist audits.
• Problem Solving: Act as a self-starter to independently resolve operational bottlenecks, system errors, or transaction discrepancies.

Skills

Settlement ops

Analytical skills

Problem solving

Stakeholder mgmt

Education

Graduate degree in Commerce/Finance

Tools

Settlement systems

DP mechanisms

Job description

This role will manage our end-to-end Securities Pay-in and Pay-out settlement lifecycle, and will oversee daily settlement operations, ensure compliance with clearing corporations. Will also collaborate closely with depositories and internal audit teams to mitigate risks and maintain seamless delivery.

Key Responsibilities

• Settlement Execution: Manage and execute the end-to-end process for daily Securities Pay-in and Pay-out.
• Core Operations: Oversee daily settlement operations, tracking corporate actions, shortages, and auction processes.
• Stakeholder Coordination: Coordinate actively with depositories (NSDL, CDSL), exchanges, clearing corporations, internal audit, and compliance teams.
• Compliance & Audit: Ensure all settlement activities align with SEBI regulations, exchange guidelines, and internal risk policies while assisting in periodic audits.
• Problem Solving: Act as a self-starter to independently resolve operational bottlenecks, system errors, or transaction discrepancies.

Qualifications & Experience

• Education: Graduate degree in Commerce, Finance, Business Administration, or a related field.
• Certifications: Mandatory NISM Series-VI (Depository Operations) or NISM Series-VII (Securities Operations and Risk Management) certification.
• Experience: 4 to 5 years of hands-on experience in stockbroking operations or a custody settlement environment.
• Technical Knowledge: Deep understanding of back-office settlement systems, DP mechanisms, and clearing clearinghouse processes.
• Traits: Strong analytical capabilities with a solution-oriented mindset.
• Communication: Excellent interpersonal skills to effectively manage relationships with external regulatory bodies and internal teams.