Jainam - Deputy Manager - Transaction Settlement

Role Overview :

We are looking for an experienced Deputy Manager - Transaction Settlement to join our team and oversee critical transaction processing within the securities depository ecosystem.

The ideal candidate will possess an in-depth understanding of CDSL / NSDL operations, regulatory requirements, and back-office transaction workflows, ensuring smooth and compliant settlement activities.

This role demands a detail-oriented professional capable of managing multiple transaction types while driving process improvements and ensuring regulatory adherence.

Key Responsibilities :

• Demonstrate comprehensive knowledge of the entire depository participant (DP) ecosystem, including account opening, modifications, and transaction processing within CDSL and NSDL platforms.
• Manage back-office operations efficiently, ensuring seamless coordination between stakeholders
• Handle the complete lifecycle of client accounts including account opening, modification requests (such as name changes, address updates), and closure processes including transmission and transfer of securities.
• Ensure accuracy and timely processing of all account-related requests in compliance with regulatory standards.
• Execute and oversee various DP transactions including dematerialization, rematerialization, pledge, re-pledge, unpledge, and transfers.
• Monitor and verify margin pledge activities in line with SEBI and depository guidelines to mitigate operational risks.
• Coordinate with custodians, registrars, and other intermediaries for timely settlement and resolution of discrepancies.
• Identify opportunities to automate manual workflows and improve operational efficiencies using technology solutions.
• Collaborate with IT and operations teams to implement system enhancements and reduce error rates.
• Ensure strict adherence to SEBI regulations, NSDL / CDSL guidelines, and stock exchange rules related to settlement and transaction processing.
• Prepare and submit accurate reports to regulatory authorities within prescribed timelines.
• Stay updated on regulatory changes and implement necessary process adjustments proactively.
• Implement and monitor internal controls to safeguard transaction integrity and prevent fraud.
• Conduct regular audits and compliance checks to ensure adherence to company policies and regulatory frameworks.
• Liaise with internal departments including legal, compliance, risk, and client servicing to resolve issues and improve client experience.
• Support training and development initiatives for junior staff to enhance team competency.
• Bachelors degree in Finance, Commerce, Business Administration, or related field.
• 4 to 7 years of relevant experience in securities transaction processing, depository participant operations, or financial services back-office roles.
• Strong knowledge of CDSL and NSDL systems, DP processes, and regulatory frameworks (SEBI guidelines).
• Proven experience in handling account opening, modifications, closure, and pledge-related activities.
• Familiarity with margin pledge, re-pledge, and unpledge transaction workflows and compliance requirements.
• Excellent organizational skills with the ability to multitask, prioritize, and manage deadlines efficiently.
• Strong analytical and problem-solving abilities with attention to detail.
• Effective communication skills to collaborate with cross-functional teams and external stakeholders.
• Proficient in MS Office; familiarity with transaction processing software and automation tools is a plus

(ref : iimjobs.com)