Participant (DP) Services Role.

Job Description Senior Manager :

• Understand SEBI / NSDL guidelines and oversee the preparation and issuance of circulars, operating guidelines, and regulatory directions to Depository Participants (DPs).
• Regularly review and update Master Circulars, Standard Operating Procedures (SOPs), manuals, and FAQs to ensure consistency and compliance.
• Coordinate with other Market Infrastructure Institutions (MIIs) for uniform implementation of regulatory directions and engage with SEBI on compliance-related matters, including amendments to the Bye-Laws and Business Rules of NSDL.
• Manage the end-to-end process of handling queries and clarification requests received from Participants, ensuring timely and consistent responses.
• Supervise activities related to the transfer of depository business, onboarding of accounts into NSDL’s OMNIBUS system, and transfer / transmission of securities from the OMNIBUS system to client accounts.
• Oversee the update and maintenance of DP master details and related records in accordance with regulatory and operational requirements.
• Monitor and analyze new regulatory developments, including review of concept notes, business requirement documents (BRDs), system testing, and impact analysis, ensuring adherence to SEBI-prescribed timelines.
• Organize and lead periodic meetings with internal departments and external stakeholders to track the progress of key initiatives and ensure regulatory compliance.
• Conduct training sessions for Business Partners / Participants on Depository Operations, Electronic Gold Receipts (EGR), Stamp Duty, and other regulatory topics.
• Coordinate with International Central Securities Depositories (ICSDs) and global working groups / forums regarding NSDL’s participation and regulatory alignment.
• Oversee the process for collection, verification, and submission of Annual Membership Fees and Renewal Fees of Participants to SEBI and ensure compliance.
• Support concurrent and internal audits, SEBI inspections, and regulatory reviews by providing necessary data, responses, and follow-up on action items.
• Track and report Key Risk Indicators (KRIs) and operational metrics related to regulatory compliance and participant servicing to senior management.
• Provide guidance and leadership to team members, ensure timely resolution of escalated matters, and operational excellence.