Manager - Operations & Accounts

Position:

Responsible to:

A. Overview of the Position

The Manager – Operations & Accounts will be responsible for operationalizing the transactional, accounting, and financial priorities of Sovereign Global Markets Pvt. Ltd. (SGMPL). This includes complete back-office support for the Fixed Income vertical, settlement and recording of transactions, coordination with banks and institutions, and fulfillment of financial, compliance, and audit requirements. The role demands close coordination with all other functional teams within SGMPL at both tactical and operational levels.

B. Qualification

• Primary:

  Bachelors in Commerce

• Preferred:

  CA (Inter) and/or Diploma in Investment Management, Financial Markets, or allied domains

C. Experience and Skills

• Minimum 3 years of experience in operations and/or accounts in the Fixed Income Broking industry
• Strong understanding of financial products (Fixed Income, Equity, Mutual Funds) and market operations
• Working knowledge of trading platforms and mechanics of trade execution
• Proven familiarity with commercial terms of financial products
• Solid problem-solving, analytical, organizational, and interpersonal skills
• Computer proficiency (MS Office, database tools)
• Hands-on experience with Tally ERP
• Excellent written and verbal communication skills
• Willingness to travel to meet internal and external business requirements
• Commitment to working collaboratively with leadership and cross-functional teams

D. Working Relationship

Reports to the Managing Director and is a key member of the operational team. This position interfaces closely with the management team and collaborates cross-functionally to operationalize and support SGMPL’s financial transactions and compliance functions.

E. Key Responsibilities

Fixed Income Back-Office Operations

• Provide complete back-office support to the Fixed Income vertical
• Confirm and settle deals; follow up with banks and clients
• Record and report trade transactions daily/weekly/monthly
• Maintain real-time inventory of holdings and provide daily reports
• Ensure timely preparation and submission of quotes to clients
• Maintain and compute XIRR and YTM for fixed income instruments
• Maintain updated documentation for price bands, Demat/Remat processes
• Communicate with clients/prospects for empanelment and client onboarding (especially Northern India as assigned)
• Ensure accurate and timely reporting of deals (SLR, Non-SLR, PF clients, etc.)
• Execute trades on trading platforms as per defined Delegation of Authority

Finance and Accounts

• Post accounting entries in the financial system on time
• Prepare and maintain detailed trading statements and P&L (business unit-wise and consolidated)
• Perform trade-related reconciliations for accurate reporting
• Process payments: invoices, operational expenses, payroll, statutory liabilities
• Handle petty cash operations and accounting
• Coordinate with banks for fund transfers and documentation
• Manage bank limits across business lines

Compliance and Reporting

• Ensure adherence to trade compliance norms (e.g., Professional Tax)
• Support audits: provide reports, prepare schedules, respond to audit queries
• Generate and submit timely management reports for all business units
• Liaise with exchanges and third parties to resolve technical or operational issues

F. Other Responsibilities

• Collaborate across departments to meet strategic business objectives
• Monitor and minimize operational costs to optimize resource utilization
• Enforce adherence to internal policies and compliance procedures
• Safeguard organizational assets and ensure robust documentation