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Associate - Back Office (Settlement)

4 months ago

Mumbai, India Upstox Full time

Upstox is one of India's leading Fin-Tech companies with a mission to simplify trading & investing to make it easily accessible to the masses. We aim to enable everyone, from new investors to seasoned traders, to invest across multiple categories with our
**state-of-the-art trade & investment platform** and
**commission-free pricing**. We offer numerous asset categories to invest in, like Stocks, IPOs, Mutual Funds, and more.

By focusing on our customers’ needs and equipping them with personalized yet powerful tools, we witnessed a steep growth of 800% in our customer base from
**25 Thousand** in 2017 to
**2 Lakh** in 2019. With 1500% growth in 2020, currently, over
** 11 million** customers trust us with their investment decisions, thus setting us on the course to become an industry-leader in the country.

Our mission is simple - to break down the complexities of investing and make it more effortless, accessible, affordable, and easy for the masses to adopt. This key principle when infused with intuitive design and leading-edge technology will help us empower every Indian to take control of their investments.

RKSV Securities was founded by Ravi Kumar and Shrinivas Viswanath in
**2009 **and was soon graced by Kavitha Subramanian as the third co-founder in
**2016**. Backed by Ratan Tata, Upstox had raised
**$4 million **in Series A funding in early
**2016** that was led by Kalaari Capital. The
**Series B** funding round scaled multifold and witnessed an investment of
**$25 million** by US-based investment firm - Tiger Global Management in
**September 2019.**

**Job Title: Associate - Back Office (Settlement)**

**Responsibilities**:

- Responsible for Retail Trade Settlement / Managing Equity Payin Payout of Shares
- Auction Settlement & Closeout
- Corporate Action handling - Identification of clients eligible to receive -Corporate Action benefits and on time distribution of the same to such eligible clients (Dividend / Bonus / Split / Sub-Division / Merger /Demerger)Processing of Shares Pledge / Unpledge request from Clients
- Testing & implementation of changes in Backoffice system
- Managing regulatory reporting requirements
- Reconciliation of Demat Holding of Pool Account / CUSA Account and other Demat Accounts
- Handling client queries / audit queries / inspection queries
- Liaising with colleagues and other teams to resolve issues and drive system enhancements

**Skills Required**:

- 2+ yrs required in settlement operations

**If you fit the above description, we would love to connect with you APPLY NOW**
- Upstox is an Equal Opportunity Employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other characteristics._