Manager - Depository Operation

We are looking for a candidate for DP-Operations and Compliance and should carry the following experience or knowledge:

Regulatory Compliance & Reporting

• Ensure full compliance with all applicable CDSL Bye-laws, Business Rules, SEBI Regulations, and circulars.
• Monitor and ensure timely submission of all periodic, monthly, quarterly, and annual compliance reports to CDSL and SEBI (e.g., Half-Yearly Internal Audit Report, Concurrent Audit Report, and Net worth Certificates,Survilliance reports).
• Time to time resolving the quires raise by Exchanges and Depository.
• Track regulatory updates and circulars issued by SEBI and CDSL; disseminate the same to relevant departments and ensure implementation within prescribed timelines.
• Maintain a Compliance Calendar for all due submissions and regulatory filings.

Operational Compliance Monitoring

• Oversee and monitor day-to-day DP operations to ensure adherence to CDSL procedures and internal control standards.
• Verify compliance in activities such as:
• Account opening/modification/closure (including KYC verification as per SEBI and CDSL guidelines).
• Dematerialisation / Dematerialization requests.
• Transmission and Nomination processes.
• Pledge / Unpledged / Hypothecation instructions.
• Demise cases and KRA linkages.
• Corporate Actions (bonus, split, dividend, etc.) processed through CDSL.
• Ensure that all client instructions are supported by valid documentation and processed within the prescribed turnaround times.

KYC, AML, and Client Due Diligence

• Ensure compliance with KYC norms prescribed under PMLA, SEBI, and CDSL guidelines.
• Periodically review client accounts for suspicious or irregular transactions.
• Report suspicious transactions to the Principal Officer / FIU-IND as per the organization’s AML policy.
• Conduct ongoing due diligence and periodic KYC updates (Re-KYC).

Audit and Inspection Coordination

• Coordinate and assist in Concurrent Audit, Internal Audit, and SEBI/CDSL inspections.
• Ensure timely rectification of audit observations and submission of compliance reports to regulators.
• Maintain proper records of audit reports, compliance confirmations, and supporting documentation for inspection readiness.
• Preparing and updating varies policies(PMLA,Suvilliance etc.) as per compliance

Risk Management and Internal Controls

• Identify potential compliance risks in DP operations and recommend corrective measures.
• Periodically test and review the effectiveness of internal control mechanisms.
• Support the development of SOPs (Standard Operating Procedures) for DP activities in line with regulatory expectations.

Liaison and Communication with Regulators

• Act as the primary point of contact between the DP and CDSL for all compliance-related matters.
• Handle queries, notices, or clarifications from CDSL, SEBI, or auditors promptly and accurately.

Job Type: Full-time

Pay: ₹700,000.00 - ₹800,000.00 per year

Location:

• Churchgate, Mumbai, Maharashtra (Preferred)

Work Location: In person