Opening for a Depositary & Back Office Operations Manager at a Stockbroking Company located in Vidyavihar.

Job Description:

• Designation – Manager (Depositary & Backoffice Operations)
• Work Timings – 9:30 am to 6:30 pm
• Working Days – Monday to Friday & Alternate Saturdays (1^st Sat, 3^rd Sat & 5^th Sat)
• Work Location –  709-712, Surya House, Opp. RN Gandhi School, Near Vidyavihar Station East, Mumbai – 400077.

Role Overview

The Depository Operations Manager will oversee all depository-related activities, client servicing and compliance under the CDSL framework. The role involves managing the day-to-day operations team, ensuring accuracy, timely processing, and adherence to SEBI/CDSL regulations. The candidate will also drive automation and process efficiency across the back-office and depository functions.

Key Responsibilities

• Manage and oversee all CDSL operations, including account opening/modification, demat/remat, pledge/unpledge, DIS verification, off-market and on-market transfers, corporate actions, and settlement processing.
• Ensure daily reconciliation between back-office, exchange settlement files and CDSL data.
• Handle client queries, complaints, and transaction approvals, ensuring prompt and accurate responses.
• Liaise with CDSL, NSDL (if applicable), exchanges, SEBI auditors, and internal departments for smooth coordination and compliance reporting.
• Monitor DP regulatory compliance – including internal audits, inspection reports, power of attorney handling, KYC adherence, and control procedures as per SEBI/CDSL guidelines.
• Oversee DP operations team – allocate work, monitor productivity, train staff, and ensure adherence to SLAs and TATs.
• Coordinate with Accounts, Risk, and IT teams for system updates, automation, and issue resolution.
• Prepare and submit periodic reports – daily activity reports, reconciliation summaries, inspection replies, and audit data.
• Identify and implement process improvements and automation initiatives to improve accuracy, efficiency and reduce operational risk.
• Stay updated on latest SEBI/CDSL circulars and ensure timely implementation of operational changes.

Experience & Pre-requisites :

• Graduate/Post-Graduate in Commerce, Finance, or related field.
• Minimum 5–8 years of experience in Depository Operations (CDSL/NSDL), of which at least 2–3 years in a supervisory or managerial role.
• Strong knowledge of SEBI/CDSL/NSE regulations, DP operations, and back-office systems (e.g., Shilpi / Techexcel, NSDL/CDSL applications, and other broker back-office software).
• Hands-on experience in reconciliation, compliance reporting,
• Familiarity with exchange settlement cycles, payout/payin processes, and risk control mechanisms.
• Experience in managing internal audits and exchange inspections
• Proficiency in Excel and ability to analyze operational data/MIS.
• Strong leadership, communication, and stakeholder management skills.
• High integrity, accuracy, and problem-solving ability