depository operations

19 hours ago

Mumbai, India SafeGold Full time

Gold is the most trusted asset across the entire world and one of the largest asset classes in India. The total traded value of gold in India exceeds $300 billion annually – nearly all of it in an unorganised, offline manner. We, at SafeGold, are building the digital infrastructure to organise the gold market using technology. SafeGold is India's largest digital gold platform with 55 million customers and 110+ distribution partners across India, Thailand and UAE. The focus has always been on revenues and profitability growth which has been widely recognised.

9 in 2024 ET Growth Champions

(India)

21 in 2023 FT High Growth Companies

(Asia)

With revenues of more than Rs. 6000 Crs in the year ending March-24, we have been part of the Financial Times rankings of the fastest growing startups in the Asia-Pacific region since 2021 till date. SafeGold is backed by the World Gold Council and leading venture capital funds, Beenext and Pravega.

About the role

We are seeking an experienced and detail-oriented Depository Operations Manager to lead and manage SafeGold's DP operations. The ideal candidate should have an in-depth understanding of DP operations, bonds operations, and back-office systems, with the ability to set up, own, and scale DP operations from zero to one. This is a high-ownership role, where you will ensure operational excellence, regulatory compliance, and smooth functioning of depository activities.

Key Responsibilities

  • Manage and oversee end-to-end DP operations on a daily basis.
  • Handle client onboarding for Individual, Non-Individual, and NRI clients (Demat & Trading accounts).
  • Supervise daily NSDL-related activities including Pay-in, Pledge, and Un-pledge of securities.
  • Process and validate DIS, Pledge/Unpledge Requests, DRF/RRF with due diligence.
  • Authorize and monitor settlement instructions (On-Market, Off-Market, Inter-Depository).
  • Manage in-warding, scanning, and uploading of client requests and instructions.
  • Ensure timely submission of regulatory reports (Monthly, Quarterly, Half-yearly, Annual) to NSDL and other regulators.
  • Handle account modifications, document verification, grievance reporting, and related compliance.
  • Prepare and maintain accurate MIS reports for management and audit purposes.
  • Lead and manage NSDL inspections, internal audits, and SEBI/regulatory requirements.
  • Resolve client queries related to Depository Operations efficiently and accurately.
  • Stay updated with DP rules, SEBI circulars, and recent regulatory changes.

Requirements

  • 4-6 years of experience in capital markets, depository operations, and settlements.
  • Strong knowledge of NSDL systems, SEBI regulations, and clearing/settlement cycles.
  • Hands-on experience with DP back-office software, reconciliations, and settlement processes.
  • Proven leadership and team management skills.
  • Strong analytical and organizational abilities, with ability to work under pressure and meet deadlines.
  • Proficiency in MS Office, Advanced Excel, and Gmail.
  • Excellent communication skills (both written and verbal).
  • NISM Series VI – Depository Operations Certification is mandatory.
  • Exposure to Bonds operations will be preferred.
  • Experience using the following DP back office software is a must - DP Secure or Class

Preferred Qualification (Good to have)

  • Experience in setting up DP operations in a fintech/startup/regulated environment.
  • Strong track record of managing large-scale inspections and regulatory audits.
  • Familiarity with tools like NSDL SPEED-e, KRA & CKYC applications.

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