Custody Operations - Account Maintenance and Onboarding - Associate

Are you ready to be a key player in the dynamic world of Custody Operations? This role offers you the chance to leverage your expertise in client account onboarding and regulatory compliance, ensuring seamless trade and settlement processes. Embrace the opportunity to grow your career in a fast-paced environment where your skills in communication, management, and problem-solving will be highly valued. Join us to make a significant impact and drive success in the India trade and settlement landscape.

As an Associate in Custody Operations team, you will provide processing support for effective and efficient delivery of India Custody Operations. You will manage client account onboarding and static data maintenance processes, ensuring compliance with regulations. You will interact with designated depository participants to obtain proper account documentation and prepare regulatory returns and reports. Your role involves supervising daily business deliverables, ensuring service quality, and identifying opportunities for process efficiency.

Job responsibilities:

• Provide processing support for India Custody Operations
• Ensure client account onboarding and static maintenance processes are compliant with Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) regulations and compliance activities such as KYC norm fulfillment
• Manage account opening on Depositories (i.e. National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL)) to aid client trading in the India market
• Interact with designated depository participants for account documentation
• Prepare, review, and provide timely submission of Regulatory Returns and reports to India Custody business
• Coordinate planning, data preparation, and audit submissions for regulators
• Supervise day-to-day management of business deliverables and the team
• Ensure operational procedures are followed and service quality is maintained
• Identify opportunities for process efficiency and implement in a controlled manner post sign-off from supervisor/Controls team
• Communicate effectively with key stakeholders

Required qualifications, capabilities, and skills:

• Bachelor's Degree
• At least 5 years of experience in banking operations related roles
• National Institute of Securities Markets (NISM) Depository Certification
• Strong analytical skills and proficient in Microsoft Office
• Strong people management skills and experience in managing a team
• Initiative and readiness to question processes
• Flexibility to work on holidays or extended hours during high volume days
• Positive attitude and willingness to take on challenges
• Excellent communication skills

Preferred qualifications, capabilities, and skills:

• Prior experience in securities processing, fund accounting, and/or custody operations
• Professional qualification is an added advantage
• Experience in regulatory compliance and audit processes
• Familiarity with SEBI and RBI regulations
• Ability to manage client and regulator interactions effectively
• Experience in process efficiency and improvement initiatives