Custody Operations

2 days ago

Mumbai, Maharashtra, India Chase- Candidate Experience page Full time ₹ 15,00,000 - ₹ 20,00,000 per year

Are you ready to lead and innovate in the dynamic world of custody operations? As a Vice President, you'll have the opportunity to shape the future of our India Head of Designated Depository Participant team. This role offers a platform for career growth, allowing you to leverage your expertise in the financial sector while working with a diverse and talented team. Join us to make a significant impact and drive excellence in client service and regulatory compliance.

As an India Head of Designated Depository Participant - Vice President within the Custody Operations team, you will manage the India Market Entry process for Foreign Portfolio Investors and oversee onboarding for all Foreign Institutional clients. You will play a crucial role in ensuring compliance with regulatory requirements and driving process efficiencies. Your leadership will foster a culture of teamwork and innovation, enhancing client experiences and managing risks effectively. Join us to lead a team that values collaboration, transparency, and excellence.

Job responsibilities:

  • Manage end-to-end client onboarding, including the Foreign Portfolio Investor registration process
  • Develop strong relationships with regulators and intermediaries, engaging in market advocacy
  • Monitor regulatory changes, assess impacts, and lead implementation processes
  • Stay current with industry and regulatory changes, analyzing impacts on business and compliance
  • Drive teamwork and implement process efficiencies through innovation and lean principles
  • Manage internal and external stakeholder relationships
  • Perform detailed risk and control assessments, identifying patterns and trends
  • Lead the team in exception management, escalations, and regulatory deliverables, and encourage out-of-the-box thinking and implement feasible ideas
  • Organize and lead resources to deliver high-quality results under pressure.
  • Develop strong working relationship with the Regulator and Intermediaries, and engage actively in market advocacy to navigate regulatory changes and enhance efficiency, ultimately improving the client experience
  • Monitor all regulatory changes, assess their impact on clients and the business, and lead the implementation process

Required qualifications, capabilities, and skills:

  • Bachelor's Degree.
  • At least 15 years of work experience in the Financial Services industry, with at least 5 years in Designated Depository Participant (DDP) related role
  • Strong knowledge of Indian Capital Market and Banking regulations, especially Foreign Portfolio Investors regulations
  • Sound knowledge of Reserve Bank of India (RBI) and SEBI - Know Your Customer (KYC)/Anti-Money Laundering (AML) policies
  • Operational subject matter expertise in Custody account opening, maintenance and closures
  • Experience in regulatory and corporate compliance activities
  • Strong stakeholder and relationship management skills
  • Excellent verbal and written communication skills
  • Proven team management and leadership abilities
  • Ability to work independently and manage multiple tasks effectively
Preferred qualifications, capabilities, and skills:
  • Prior experience in the India Local Custody market
  • Strong analytical and problem-solving skills
  • Ability to drive process efficiencies through innovation
  • Experience in managing regulatory deliverables and audits

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