Settlement Operations Associate

Job Description

Company: Upstox

Location: Mumbai

Work arrangement: 5 days in the office

About Upstox:

At Upstox, we're building the future of investing simple, powerful, and for everyone. We're one of India's fastest-growing fintech platforms, backed by the best in the business, including Mr. Ratan Tata and Tiger Global, and on a mission to make wealth creation accessible to every Indian. From first-time investors to seasoned traders, millions trust us to power their financial journeys. We're not just moving fast we're moving with purpose. If you thrive in a high-energy, high-impact environment, you're in the right place.

The Role:

At Upstox we are looking for a detail-oriented and proactive professional to join our Settlement Operations team. The role involves ensuring smooth and timely settlement of trades, handling corporate actions, regulatory reporting, reconciliations, and client servicing. The ideal candidate should have strong knowledge of capital market settlement processes and be eager to contribute to operational excellence.

What You'll Own:

Manage Retail Trade Settlement, including equity pay-in/pay-out of shares

Oversee auction settlement and closeout processes

Handle corporate actions by identifying eligible clients and ensuring timely distribution of entitlements (Dividend, Bonus, Split, Sub-Division, Merger, Demerger, etc.)

Process pledge/unpledge requests of shares from clients

Support system enhancements through testing and implementation of back-office changes

Ensure timely and accurate regulatory reporting

Perform reconciliation of Demat holdings across Pool, CUSA, and other Demat accounts

Respond to client queries, audit queries, and inspection requirements

Liaise with internal teams and external stakeholders to resolve issues and drive improvements

Who You Are:

Graduate/Postgraduate in Finance, Commerce, or related field

Strong working knowledge of retail trade settlement across capital market products

Proficiency In MS Excel (knowledge Of Advanced Functions Preferred)

Familiarity with depositories, clearing corporations, and settlement cycles

Excellent problem-solving, communication, and coordination skills

Ability to work independently as well as in a team

Detail-oriented with a commitment to accuracy and timeliness

Openness to leveraging AI-driven tools and automation for enhancing efficiency in settlement processes

Why This Role Rocks:

You'll work at scale managing settlements and operations that power a fintech platform trusted by millions of investors.

You'll embrace innovation leveraging automation and AI-driven tools to streamline reconciliations, reporting, and client servicing.

You'll have high ownership and visibility directly influencing the efficiency, accuracy, and reliability of India's capital market operations.

You'll join a team of smart, driven professionals who thrive on solving complex operational challenges and driving excellence.

Every process you enhance will shape the way India invests ensuring trust, transparency, and seamless execution for our clients.

By applying for this position, you acknowledge that you have reviewed our Prospective Employee Privacy Notice, which outlines how Upstox collects, uses, and protects your Personal Information (PI).

I accept Upstox's Prospective Employee Privacy Notice.

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.