Settlement Operations Associate

3 days ago

Mumbai, Maharashtra, India Upstox Full time ₹ 5,00,000 - ₹ 15,00,000 per year

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.

  • Settlement Operations Associate

    12 hours ago

    Mumbai, Maharashtra, India Upstox Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    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...

  • Settlement Operations Associate

    6 hours ago

    Mumbai, Maharashtra, India UPSTOX Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    Company: UpstoxLocation: MumbaiWork arrangement: 5 days in the officeAbout 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...

  • Head - Settlement Operation

    13 hours ago

    Navi Mumbai, Maharashtra, India AXIS DIRECT Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Key SkillsSettlement Operations Expertise: Strong knowledge of end-to-end settlement processes across equity, derivatives, currency, debt, and mutual funds.Regulatory Compliance: Deep understanding of SEBI, NSE, BSE, NSDL, CDSL regulations and compliance requirements.Depository & Clearing Systems: Experience in NSDL/CDSL operations, clearing corporations...

  • Settlement Specialist

    1 week ago

    Mumbai, Maharashtra, India eClerx Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    We have scheduled a WALK-IN drive for Team leads & Managers (4-9 years) professionals who have relevant experience into Settlements, Trade Settlements, Equity Settlements, Cash& Securities Settlements, Pre Settlements & Post SettlementsWalk-In date - 24th-26th SeptemberTime - pmPOC to meet :Krutika SJob Title -Finance- Settlements- Associate Process Manager...

  • Settlement Specialist

    4 weeks ago

    Mumbai, Maharashtra, India eClerx Full time

    Settlements- Associate Process Manager- (4- 8 Years of experience) Immediate Joiners preferred Responsibilities Responsible for all components of the daily settlement and funding, ensuring accurate and timely processing, through adherence of internal control policies and procedures, trade capture processes, including trade blotter reconciliations and...

  • Settlement Specialist

    4 weeks ago

    Mumbai, Maharashtra, India eClerx Full time

    Settlements- Associate Process Manager- (4- 8 Years of experience) Immediate Joiners preferred ResponsibilitiesResponsible for all components of the daily settlement and funding, ensuring accurate and timely processing, through adherence of internal control policies and procedures, trade capture processes, including trade blotter reconciliations and...

  • Forex Settlement Professional

    4 days ago

    Mumbai, Maharashtra, India Avant Garde Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Minimum 12+ years of experience in the front office and or back office of the treasury in Foreign Exchange. Payments and Settlements area preferably in banksFair understand of Forex operations, Nastro Accounts, fund settlement of banks and customers accounting, regulations etc.Should have understating of the IT Framework of Forex payments and settlement...

  • MANAGER- settlement

    6 days ago

    Mumbai, Maharashtra, India Talent Worx Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    A leading national level online platform which facilitates financing of Receivables of Micro, Small and Medium Enterprises (MSME) from buyers through financiers. TREDS, a RBI regulated platform is in the business of discounting and settlement of Invoices and Bills of Exchange by way of Factoring and Reverse Factoring. It is a online receivable discounting...

  • Associate Manager

    4 weeks ago

    Mumbai, Maharashtra, India Indusind Bank Full time

    Job DescriptionThe Associate Manager in Settlement & Payment will be responsible for overseeing payment processing, managing settlements for different types of transactions, and ensuring compliance with regulations.The individual will also resolve discrepancies and work closely with the finance team to ensure smooth settlement operations and optimize payment...

  • Hr Operations Associate

    2 days ago

    Mumbai, Maharashtra, India State Bank Operations Support Services Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Location: Mumbai (Worli )Job Type : Work from OfficeDepartment : Human ResourcesExperience: 2 Years plusEducation : minimum GraduationAbout the organizationIncorporated in Jul 2022, State Bank Operations Support Services is a wholly owned subsidiary of SBI for providing Operations Support Services to SBI.About the roleWe are seeking an experienced and...