Head of Designated Depository Participant - Vice President

• Manage end-to-end client onboarding, including the Foreign Portfolio Investor registration process
• Develop strong relationships with regulators and intermediaries, engaging in market advocacy
• Monitor regulatory changes, assess impacts, and lead implementation processes
• Stay current with industry and regulatory changes, analyzing impacts on business and compliance
• Drive teamwork and implement process efficiencies through innovation and lean principles
• Manage internal and external stakeholder relationships
• Perform detailed risk and control assessments, identifying patterns and trends
• Lead the team in exception management, escalations, and regulatory deliverables, and encourage out-of-the-box thinking and implement feasible ideas
• Organize and lead resources to deliver high-quality results under pressure.
• Develop strong working relationship with the Regulator and Intermediaries, and engage actively in market advocacy to navigate regulatory changes and enhance efficiency, ultimately improving the client experience
• Monitor all regulatory changes, assess their impact on clients and the business, and lead the implementation process

• Bachelor's Degree.
• At least 15 years of work experience in the Financial Services industry, with at least 5 years in Designated Depository Participant (DDP) related role
• Strong knowledge of Indian Capital Market and Banking regulations, especially Foreign Portfolio Investors regulations
• Sound knowledge of Reserve Bank of India (RBI) and SEBI - Know Your Customer (KYC)/Anti-Money Laundering (AML) policies
• Operational subject matter expertise in Custody account opening, maintenance and closures
• Experience in regulatory and corporate compliance activities
• Strong stakeholder and relationship management skills
• Excellent verbal and written communication skills
• Proven team management and leadership abilities
• Ability to work independently and manage multiple tasks effectively

Preferred qualifications, capabilities, and skills

• Prior experience in the India Local Custody market
• Strong analytical and problem-solving skills
• Ability to drive process efficiencies through innovation
• Experience in managing regulatory deliverables and audits