Vice President Brokerage Operations

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Business Descriptor:

• The VP Business Operations will manage day-to-day broking back-office operations across trading support clearing & settlement risk operations depository (DP) reconciliations and client service. The role is hands-on and execution-focused ensuring timely settlements accurate reconciliations strong controls and regulatory compliance with SEBI Exchanges Depositories and Clearing Corporations. Youll work closely with Technology Compliance Finance and front-office teams to drive operational stability and incremental automation.

Core Responsibilities & Duties

1) Trade Support Clearing & Settlement

• Manage daily clearing and settlement activities with NSE Clearing / BSE Clearing ensuring timely fund flows and demat deliveries.
• Ensure accurate processing of pay-in/pay-out settlement obligations shortages auction handling and exception resolution.
• Track settlement timelines and ensure adherence to exchange/clearing corporation cut-offs.

2) Margins Collateral & Risk Operations (Operational Execution)

• Support accurate computation/collection of margins MTM and exposure; monitor margin shortfalls and coordinate timely actions.
• Maintain daily controls around risk checks limit breaches and operational risk events; escalate issues with clear root-cause and fix plan.

3) Reconciliations & Controls

• Own daily/periodic reconciliations including exchange client ledger bank depository and settlement-related reconciliations.
• Ensure breaks are investigated evidenced resolved within defined TATs and reported through appropriate governance.
• Maintain strong maker-checker controls audit trails and documentation aligned to internal policies and regulatory expectations.

4) Client Lifecycle & Service Operations

• Oversee operational processing for client onboarding activation and modifications ensuring compliance with SEBI KYC PMLA FATCA/CRS requirements.
• Manage operational aspects of investor grievance handling in line with SEBI timelines SCORES and exchange mandates; ensure accurate responses and closure evidence.

5) Regulatory Reporting & Audit Support

• Prepare/review operational inputs for regulatory filings such as EOD reports margin reporting capital adequacy support packs and audit responses.
• Support internal/external audits and regulatory inspections by providing accurate data reconciliations SOPs and evidence packs.
• Ensure SOPs and process notes are current and reflect regulatory circulars and operational changes.

6) Technology & Process Improvement

• Work with Technology/Product teams on OMS/RMS/BO operational issues UAT support and production incident triage.
• Identify automation opportunities in reconciliations statements payout workflows and settlement tracking; help define requirements and validate outcomes.
• Track operational SLAs recurring issues and drive closure through structured problem management.

7) Key Interfaces

• Internal: Compliance Finance Technology Product Risk Client Service
• External: Exchanges Clearing Corporations Depositories Banks Technology partners

Mandatory Qualifications Certifications & Experience

• Education: Graduate in Commerce / Finance / Business Administration/Engineering. MBA or equivalent preferred.
• Recommended Certifications:
  • Mandatory NISM Series VII - Securities Operations and Risk Management
  • Good to have: NISM Series-VIII: Equity Derivatives; NISM-Series-XXIV: AML and CFT Provisions; NISM Series-VI: Depository Operation
• Experience: Minimum 10 years in stock broking operations clearing or depository functions
• Domain Knowledge: Deep functional knowledge of NCL & ICCL settlement processes reconciliation risk operations collateral management reporting and back-office accounting software

Preferred Skills & Competencies

• Expert-level domain knowledge of broking back-office operations and regulatory requirements
• Deep familiarity with SEBI Master Circulars Exchange operational rules Depository Operating Instructions and PMLA requirements
• Proven ability to scale high-volume broking operations with operational resilience
• Exceptional attention to detail and ability to work under strict deadlines
• Proficiency in risk management and internal controls
• Strong stakeholder management vendor coordination and cross-functional collaboration skills
• Experience working within large broking or financial institutions is a strong plus

Employment Type: Full-time Permanent

Pro-tip : Familiarity with AI-enabled tools is an advantage.

Useful Link

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Issued by The Hongkong and Shanghai Banking Corporation Limited India