DP Operations

Job Summary

We are looking for an experienced DP Executive to manage day-to-day depository operations, including demat account opening, maintenance, transaction processing, and coordination with NSDL/CDSL. The candidate should have a strong understanding of DP operations, regulatory compliance, and KYC documentation.

Key Responsibilities

• Handle end-to-end demat account opening and closure processes.
• Process and verify dematerialisation, rematerialisation, pledging, unpledging, and off-market transfer requests.
• Manage DIS (Delivery Instruction Slip) processing and verify client instructions.
• Handle client requests related to demat accounts, including modifications, nomination, transmission, and account freezing/unfreezing.
• Ensure timely processing of transactions and maintenance of accurate client records.
• Perform KYC verification and ensure compliance with applicable SEBI, NSDL, and CDSL guidelines.
• Coordinate with depositories, internal departments, branches, and clients to resolve operational issues.
• Monitor pending requests, rejections, and transaction discrepancies and ensure timely resolution.
• Maintain proper documentation, audit trails, and statutory records.
• Assist with internal, depository, and regulatory audits and ensure compliance with applicable SOPs.
• Handle client queries related to demat accounts and depository services.
• Stay updated on changes in depository procedures, circulars, and regulatory requirements.

Required Skills and Qualifications

• Graduate in Commerce, Finance, or a related discipline; relevant qualifications will be an advantage.
• 2–5 years of hands-on experience in DP operations at a stockbroking company or Depository Participant.
• Good working knowledge of NSDL/CDSL systems and depository processes.
• Strong understanding of demat account operations, KYC, DIS, pledge transactions, and securities transfers.
• Knowledge of SEBI regulations and applicable depository guidelines.
• Proficiency in MS Excel and operational reporting.
• Strong attention to detail, problem-solving ability, and documentation skills.
• Good communication and coordination skills.

Preferred Candidate Profile

• Candidates currently working in DP Operations with a stockbroker or Depository Participant will be preferred.
• Must be capable of independently handling routine DP operations and resolving operational discrepancies.
• Should be detail-oriented, compliance-focused, and able to manage deadlines effectively.

How to Apply

Interested candidates with relevant experience in DP Operations may share their updated CV for consideration.

Job Type: Full-time

Pay: ₹20,000.00 - ₹30,000.00 per month

Experience:

• total work: 2 years (Required)

Work Location: In person