Manager - Securities Services Product & Designated Depository Participant

Securities Services Product & DDP Manager - GTS SFS

Job Purpose:

The individual will have responsibility to onboard clients and manage regulatory compliances, P&L and product strategy. The individual will have to collaborate closely with internal stakeholders in IBG and Operations and externally with clients, Custodians, Exchanges and Depositories. The industry is embarking on a period of significant change, innovation and new business opportunities and DBS India is looking to play a leadership role. The role will report directly to the India Product & DDP Head of Securities and Fiduciary Services.

Key Accountabilities:

- On boarding of client in coordination with the relationship team and operations team

- Responsibility for ensuring that the compliance of all procedures with banking/statutory requirements and securities industry are updated as per market developments.

- Participating in projects affecting custody processes arising from new/revised business areas.

- Initiate continual enhancements to productivity and quality of service in line with developments within Processing & Services Group and the Bank

- Planning for operational changes to meet securities and custody market developments

- Ensure prompt responses to clients' queries (24-hr turnaround / acknowledgement).

- Work with the client on account structure so that the account registration process with SEBI is smooth.

- Liaise with client on the account opening document requirements.

- Ensure that the transition of new business is smooth.

- Liaise with other sections within branch, with Head Office on regulatory or operational issues impacting credit arrangements and overall Bank relationship

- Keep abreast of market developments and keep the clients updated on the same.

- Participate in execution of the India custody product strategy including ongoing priorities and annual investment decisions and alignment with Indian regulatory changes and Group guidelines

- Identify areas of improvement in the core products

- Explore new business opportunities that help to shorten the chain of custody, drive efficiency and reduce risk

- Participate in Industry groups across the region to drive market leadership and change

- Partner with clients and industry participants to drive and deliver value added products

- Collaborate on commercial topics with key stakeholder and business partners across functions including legal, risk and compliance.

Job Duties & responsibilities:

- Understand key regulations pertaining to SEBI, RBI, IFSCA, Exchanges, Depositories and Clearing Corporations to support fund based clients which are being onboarded by DBS

- Manage DDP function so as to ensure DDP process note is updated, regulations are adhered in spirit and on time

- Develop, Design and implement DDP system to eliminate manual regulatory reporting and automate the entire process

- Ensure all regulatory requirements are met on time with high levels of integrity

- Ensure that all Service Level Standards agreed with various units and clients are met with high levels of integrity and professionalism.

- Prepare and disseminate custody circulars on market developments, regulatory & securities industry updates. Incumbent should be seen by the clients as 'their' person in India as they normally would not have a local presence

- Liaise with IFSCA, SEBI, RBI, Depositories, Exchanges and Clearing Corporations to keep abreast of changes and updation of our operational procedures.

- Update market guide on regular basis

- Effectively manage projects of all new Product Rollouts. To ensure that all applicable approvals are in place before product roll out. In addition, documentation, procedures, pricing, marketing collateral etc. as applicable needs to be prepared and finalised prior to the Product rollout.

- Support and manage special projects (if any) which are floated from time to time.

- Control and periodically check operational risks and workflow thereby implement a sound process.

- Ensure prompt responses to clients' queries (24-hr turnaround / acknowledgement).

- Keep abreast of market developments and keep the clients updated on the same