Job Description –Trade Processing & Custody Operations (Freshers can also apply)
Role Summary
The Trade Processing Manager is responsible for managing end-to-end trade processing, custody operations, exchange settlements, billing, regulatory reporting, reconciliations, and operational controls across Equity, Currency, Commodity, Custody segments. The role ensures seamless execution of post-trade activities, regulatory compliance, operational efficiency, stakeholder management, process automation, and continuous process improvements.
Key Responsibilities
Trade Processing & Exchange Operations
- Lead and manage day-to-day trade processing activities for Equity, Currency, Commodity, Institutional, Custody segments.
- Ensure all trades executed during the trading day are accurately captured, validated, processed, settled, accounted for, and reported within defined timelines.
- Monitor trade lifecycle from execution through settlement while ensuring adherence to exchange and regulatory guidelines.
- Verify daily exchange obligations and reconcile settlement data with exchange records.
- Ensure timely completion of pay-in/pay-out obligations and settlement activities.
Custody Operations
- Oversee end-to-end custody trade processing for custodian clients.
- Coordinate with Custodians for timely trade confirmations, affirmation, settlement instructions, and exception resolution.
- Ensure timely STP (Straight Through Processing) upload of custodian clients trades.
- Monitor and resolve STP exceptions, unmatched trades, and settlement failures.
- Coordinate with Custodians, Clearing Members, Depositories, and internal teams to ensure smooth settlement.
- Manage DVP (Delivery Versus Payment) settlement processes and ensure timely execution.
- Track settlement status and proactively resolve trade and settlement discrepancies.
- Ensure compliance with custodian client SLAs.
Contract Notes & Billing
- Oversee generation and dispatch of daily Contract Notes and Bills through electronic and physical modes.
- Ensure Contract Notes are generated accurately and duly authorized as per regulatory requirements.
- Manage monthly reconciliation of exchange charges and provide validated data to the Finance & Accounts team.
- Monitor brokerage billing, exchange charges, and operational revenue reporting.
Margin Reporting & Regulatory Reporting
- Ensure timely reporting of margin collection files to Stock Exchanges for Equity, Currency, and Commodity segments.
- Perform reconciliation of exchange margin reporting and penalty reports.
- Monitor daily margin reporting compliance and maintain MIS.
- Ensure adherence to Exchange, SEBI, Clearing Corporation, and Depository guidelines.
Reconciliation & MIS
- Perform reconciliation of:
- Exchange obligations
- Custody settlements
- Margin reporting
- Billing and exchange charges
- Trade confirmations
- DVP settlements
- Maintain operational MIS relating to:
- Trade processing
- Margin reporting
- Transaction modifications
- Brokerage changes
- Exchange penalties
- Operational KPIs
- Custody operations
- Generate periodic management reports and operational dashboards.
Audit, Compliance & Risk Management
- Coordinate with Compliance, Internal Audit, Statutory Audit, Exchange Inspection, and Regulatory teams.
- Provide operational data, reconciliations, and supporting documents during audits.
- Ensure timely closure of audit observations and implementation of corrective actions.
- Strengthen operational controls to mitigate operational and regulatory risks.
- Ensure compliance with SEBI, Stock Exchange, Depository, and Custodian guidelines.
System Enhancement & Process Automation
- Coordinate with IT teams and software vendors for:
- Exchange-mandated system upgrades
- New process implementation
- STP enhancements
- Process automation
- Error rectification
- System maintenance
- Maintain operational reports and ensure timely implementation of system enhancements.
- Identify opportunities for automation and operational efficiency improvements.
Key Skills & Competencies
- Strong knowledge of Equity, Currency, Commodity, Custody Operations.
- In-depth understanding of Exchange Settlement, Clearing Corporation processes, DVP settlement, Custodian Operations, STP processing, Trade Lifecycle.
- Expertise in Trade Processing, Contract Note generation, Billing, Margin Reporting, and Exchange Reconciliation.
- Sound knowledge of SEBI, Exchange, Depository, and Custodian regulations.
- Experience in Operational Risk Management, Audit Coordination, and Regulatory Reporting.
- Strong analytical, reconciliation, and problem-solving skills.
- Excellent stakeholder management and cross-functional coordination abilities.
- Proven experience in process automation and operational excellence.
- Strong leadership, people management, and communication skills.
Preferred Qualifications
- Bachelor's or Master's degree in Commerce, Finance, Accounting, or Business Administration.
- NISM VIII – Risk and Operational module certification required.
Experience
- 0 to 3 years of experience in Capital Market Operations, Trade Processing, Custody Operations, Exchange Settlements, and Regulatory Reporting.
