Associate Manager - DP Operations

Position Summary

The Associate Manager - DP Operations will be responsible for overseeing Depository Participant (DP) operations, ensuring seamless execution of depository-related activities, regulatory compliance, risk control, and service delivery. The role involves managing daily DP processes, coordinating with NSDL/CDSL, handling client queries, and ensuring adherence to SEBI, Exchange, and Depository regulations.

Key Responsibilities

• Manage end-to-end DP operations including account opening, modification, closure, demat/remat, transmission, and pledge activities.
• Ensure compliance with NSDL/CDSL, SEBI, Stock Exchange, and internal operational guidelines.
• Supervise daily reconciliation of client holdings, beneficiary accounts, and depository records.
• Monitor off-market transactions, corporate actions, pledge/unpledge, and settlement-related activities.
• Handle audits, inspections, compliance reporting, and regulatory submissions.
• Identify operational risks and implement controls to minimize errors and process gaps.
• Resolve escalations related to DP operations and ensure timely client servicing.
• Coordinate with compliance, risk management, and technology teams for process improvements.
• Lead and mentor team members to achieve operational efficiency and service excellence.
• Maintain operational MIS, reports, and regulatory documentation.

Required Qualifications & Experience

• Graduate/Postgraduate in Commerce, Finance, Banking, or related discipline.
• 5-8 years of experience in DP Operations within a Stock Broking, Depository Participant, or Capital Market organization.
• Strong knowledge of NSDL/CDSL operations, depository processes, and regulatory frameworks.
• Understanding of SEBI regulations, KYC norms, settlement processes, and investor servicing.
• Experience in audit handling, reconciliations, and operational risk management.

Key Skills

• DP Operations Management
• NSDL/CDSL Processes
• Regulatory Compliance & Audit
• Depository Reconciliation
• Risk & Control Management
• Client Relationship Management
• Team Handling & Leadership
• Problem Solving & Analytical Skills
• MS Excel & Operational Reporting

Preferred Certifications

• NISM Depository Operations Certification
• Relevant Capital Market Certifications