We are looking for a proactive and detail-oriented Associate to support Depository Participant (DP) Compliance for our retail broking operations. The role involves ensuring regulatory adherence across a high-volume retail client base, supporting client account lifecycle processes, and assisting in compliance monitoring, reporting, and audits.
Experience: 2 to 4 years
Roles and Responsibilities:
- Ensure compliance with regulations and circulars issued by SEBI, NSDL, and CDSL
- Support end-to-end DP account lifecycle management (account opening, modification, closure) for retail clients
- Review and validate KYC documentation in line with regulatory and internal compliance standards
- Monitor daily DP transactions (demat, remat, off-market transfers, pledges, etc.) and highlight exceptions
- Assist in handling investor grievances and ensure timely resolution within regulatory timelines
- Prepare and submit periodic reports (MIS, compliance reports, exception reports) to regulators and internal stakeholders
- Support internal audits, regulatory inspections, and compliance testing
- Track and implement regulatory updates, circulars, and compliance requirements
- Coordinate with customer support and operations teams to ensure seamless client servicing while maintaining compliance
- Maintain proper documentation and audit trails for all DP-related activities
Qualifications:
- Bachelor's degree in Commerce, Finance, or related field
- Basic understanding of retail broking operations and depository services
- Familiarity with KYC/AML norms and investor servicing processes
