Head - DP Operations

We are looking for an experienced professional to lead and manage (DP) Operations, ensuring smooth execution of depository transactions, effective back-office management, regulatory compliance, and coordination with internal teams and external vendors.

Role & Responsibilities:

• DP Operations: Manage day-to-day DP operations, ensuring timely and accurate processing of all depository-related activities.
• Securities Transfers: Oversee the execution and processing of on-market and off-market transfers, including pledging, unpledging, and invocation of securities.
• BOD & EOD Activities: Monitor and manage Beginning-of-Day (BOD) and End-of-Day (EOD) processes in the DP back-office, including Commodity and Direct systems of CDSL/NSDL.
• System & Process Management: Ensure smooth functioning of DP back-office systems, timely processing of transactions, and resolution of operational issues.
• Vendor Management: Coordinate with DP back-office software vendors for system maintenance, issue resolution, upgrades, and process improvements.
• Inspection & Audit: Coordinate and support DP inspections, audits, and regulatory reviews, ensuring proper documentation and timely closure of observations.
• Compliance & Controls: Ensure adherence to applicable SEBI, CDSL, NSDL, and other regulatory guidelines, internal policies, and operational procedures.

Preferred candidate profile:

• 10 to 15 years of relevant experience in DP Operations, preferably with a stockbroking firm or financial services organization.
• Strong working knowledge of CDSL and NSDL depository systems and DP back-office applications.
• Hands-on experience in on-market/off-market transfers, pledging, unpledging, invocation, and related depository transactions.
• Experience in BOD/EOD processing, vendor management, inspections, audits, and regulatory compliance.