Bachelor s degree in Finance, Accounting, Economics, or a related field (Master s degree preferred).
5+ years of experience in trade settlement, operations, or back-office roles within a stockbroking or financial services firm. Strong knowledge of stock exchange settlement cycles, clearing processes, and SEBI regulations. Proficiency in settlement software, back-office systems, and reconciliation tools.

Roles and Responsibilities

1. Trade Settlement Management: o Ensure accurate and timely settlement of trades in accordance with exchange (NSE, BSE, MCX) and regulatory guidelines.

o Manage and oversee the settlement of both equity and derivatives trades, coordinating with clearing corporations, depositories, and custodians.

o Reconcile trade confirmations and clearing data to ensure all trades are settled within the specified deadlines.

2. Funds and Securities Management:

o Manage the flow of funds and securities for settlements, ensuring that the firm s obligations are met on time. o Ensure clients securities are credited or debited in accordance with the trade settlement instructions.

o Monitor and manage daily margin requirements and ensure the firm s liquidity is maintained for smooth settlement operations.

3. Reconciliation and Discrepancy Resolution:

o Conduct daily reconciliation of settlement accounts, ensuring accurate tracking of client funds, broker funds, and securities. o Investigate and resolve any discrepancies in settlement, such as failed trades or unmatched transactions, working with the relevant teams to resolve issues promptly.

4. Regulatory Compliance:

o Ensure all settlement operations comply with SEBI, stock exchange, and depository regulations. o Maintain accurate records of settlements, reconciliations, and client transactions for audit purposes. o Stay updated on changes in settlement rules and implement necessary changes to internal processes.

5. Client Management: o Liaise with clients to provide updates on settlement processes, address queries, and resolve any settlement-related issues. o Ensure a smooth flow of communication with clients, brokers, and counterparties during the settlement process.

o Provide clients with timely reports on settlements, reconciliations, and any issues that may arise during the post-trade process.

6. System and Process Optimization:

o Implement and oversee the use of settlement systems and tools to automate and streamline settlement operations.

o Identify opportunities to improve the efficiency and accuracy of the settlement process.

o Ensure that the firms back-office systems are up-to-date and capable of handling high volumes of transactions with minimal errors.

More Jobs at SHCIL Services Ltd (SSL)

Deputy Manager/Manager - Settlement

mumbai, navi mumbai

5.0 - 10.0 yrs

INR 5 - 9 Lacs

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Deputy Manager/Manager - Settlement