Sr. Manager – KYC Management (Stock Broking Operations)Location- Goregaon, Mumbai (Work from Office)
Reporting To: SVP OperationsExperience: 8–12 years in stock broking operations, with strong exposure to KYC, client lifecycle management, and regulatory reportingTo lead and manage the Client Master Modification function across the broking platform, ensuring accurate, timely, and compliant execution of all client data changes. The role involves building strong controls, managing regulatory interfaces, coordinating with internal teams, and driving efficiency through process enhancements and digitization.
Key Responsibilities
Client Master Modification Ownership
- Oversee execution of client-initiated changes including:
- Personal details (name, address, contact info)
- Bank account/Demat account modifications
- PAN/Aadhaar/CKYC/FATCA/PEP/Nominee updates
- Ensure changes reflect accurately across internal systems and external interfaces (CDSL, NSDL, KRAs, Exchanges).
Regulatory & Compliance Management
- Ensure strict adherence to SEBI/Exchange/Depository KYC and client data-related circulars.
- Co-ordinate with Compliance and Risk teams for timely implementation of any regulatory changes.
- Handle audit queries and responses related to client master data (internal, statutory, and SEBI inspections).
Process Control & Risk Mitigation
- Maintain a robust maker-checker framework and monitor exception handling.
- Define and enforce SOPs with embedded controls and audit trails.
- Periodically review control gaps and plug vulnerabilities, especially in cases of third-party document handling.
System Enhancements & Digitization
- Work closely with Tech/Product teams to:
- Streamline modification workflows
- Introduce validations, auto-triggers, and rejection logic
- Enable seamless client-side journeys for self-initiated modifications
Team & Stakeholder Management
- Lead a team responsible for daily processing and verification of modification requests.
- Provide guidance, monitor performance, and ensure timely escalations/resolution.
- Collaborate with Sales, Service, Product, and Legal teams for smooth execution of client change requests.
Reporting, Governance & MIS
- Maintain dashboards and operational metrics (volume, TAT, rejection %, STP levels, exceptions).
- Share daily/weekly/monthly reports with management and control functions.
- Track aging and unresolved requests with root cause analysis and closure timelines.
Key Performance Indicators (KPIs)
- Average turnaround time (TAT) for client modification requests
- STP (Straight Through Processing) percentage
- Number of audit/inspection observations
- Data rejection/failure rate across systems
- Automation and digitization milestones achieved
Qualifications & Experience
- Graduate/Postgraduate in Commerce, Finance, or related field
- 8–12 years of experience in broking operations, with at least 3 years in client onboarding or modification
- Strong knowledge of SEBI/Exchange/Depository regulations, CKYC/KRA processes
- Familiarity with back-office and client data systems (CDSL, NSDL, KRA portals, internal OMS/BOS)
- Hands-on experience in leading teams and handling audits/inspections
Desired Skills & Attributes
- Strong control orientation with attention to detail
- Excellent communication and stakeholder management skills
- Process-driven mindset with a focus on continuous improvement
- Ability to manage pressure and handle high transaction volumes with accuracy
- Proficiency in MS Excel, workflow tools, and system troubleshooting
