Settlement Operations Associate

1 day ago

Mumbai, Maharashtra, India Upstox Full time ₹ 1,04,000 - ₹ 1,30,878 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

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