Senior Executive- DP Operation

Idbi Capital; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

IDBI Capital in Mumbai seeks a DP Operations specialist responsible for account openings/closures, demat activities, pledging, off-market transfers, and corporate actions. You will ensure compliance with NSDL, CDSL, SEBI, and internal policies while maintaining accurate MIS.

The role requires coordination with compliance, risk, IT, and client servicing, regular reconciliation of holdings and BO balances, and preparation for audits.

Qualifications

• Experience in DP operations and demat accounts
• 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 and attention to detail

Responsibilities

• DP operations including account opening/closure, dematerialization/rematerialization, pledging/unpledging, off-market transfers, and corporate actions.
• Coordinate with compliance, risk, IT, and client servicing teams to ensure smooth operations.
• Oversee reconciliation of client holdings, BO balances, and regular reporting to depositories and regulators.
• Prepare for internal and external audits and ensure regulatory compliance.
• Maintain MIS and dashboards for senior management reviews.

Skills

Strong communication skills

Regulatory compliance

NSDL/CDSL systems familiarity

Back-office operations

Tools

Back-office platforms

Depository interfaces

Demat/trading interfaces

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. 0203 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.