Job Description

Department Profile

 

The India Equity Branch Ops team supports the India IED broking business - Equity Sales & Trading business. The Equity Ops team supports both primary and secondary markets on 2 Exchanges in India. India is an ID market with significant complexity and regulatory reporting requirements. Ops resources are required to have good knowledge of regulations, market practices, coordinate with traders, setup and manage client relationships, work on exchange applications to monitor margins and collaterals, coordinate with Exchanges, Agent Banks for operational issues, Performing activities like Trade Booking, sending confirmations, perform regulatory reporting, work with GCM on primary market deals, do processing and settlement as per local requirements etc.

 

Background on the Team

 

The Team actively works with India IED desk and performs all the functions right from account opening to settlement of trades. The team also works with the GCM team on primary market deals like IPOs, FPOs, OFS, QIPs.

The team coordinates across various departments like Legal & Compliance, FCG, Tax department, risk team in their day to day functioning. The team interacts with clients based in different regions, local custodian banks

Primary Responsibilities

 

  • Knowledge of Equity Trade Settlements process for India Market (eg- Payin Payout of Funds and securities, Regulatory reporting like client margin reporting, shortage reporting, daily segregation reporting, etc)
  • Knowledge of Depository System is a must - NSDL
  • Collateral/ Margins Management
  • Coordinate with Risk/ Client Relationship teams
  • Accounting Knowledge up to balance sheet preparation
  • Ability to understand accounting breaks and resolving them

 

Good to Have

  • Trade support knowledge like Trade Booking, trade confirmations, CTM/FIX/SWIFT confirmation system etc)
  • Liaise with internal and external stakeholders, including traders, custodians, and clients, to confirm and record trades accurately.
  • Regulatory Reporting on BSE & NSE (like OTR, CP/CLD,etc)

 

 

Skills required (essential)

 

  1. Strong customer service focus, interpersonal and communication skills
  2. Good Team-player
  3. Ability to absorb information and learn quickly
  4. Sound Technical knowledge
  5. Exhibit a strong sense of urgency, accountability, ownership
  6. Being Accurate, Taking Initiatives
  7. Well conversant with Equity market rules and regulations preferred
  8. Knowledge of Exchange Regulations
  9. Knowledge of Primary market processes like IPOs, OFS, QIP etc.

 

 

Skills desired

 

  1. Experience in client servicing
  2. Excellent verbal and written communication skills
  3. Ability to work under pressure with strict timelines
  4. Ability to handle critical situations
  5. Good interpersonal skills
  6. Strong Control focus
  7. Good knowledge of MS Office

 

Minimum: 12 years of relevant experience in an Institutional Broking Firm in the Cash Equities side.

 

1.Years of exp 3-5

2.Contract duration 1 year

3.Shift timing 9-6

4.WFO/Hybrid – WFO only

5.Location- Mumbai

6.Accpetable Notice Period – 1 month

7.Must have skillset – Equity Settlements Knowledge, Accounting, Communication

8.Good to have skillset

9.Will laptop be provided - NO

 

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