T&T Customer CS&D Senior Consultant | BA General Banking | Mumbai

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Summary:

Functional Domain Expert Clearing & Settlement

Location: Mumbai India

Experience: 8 12 years

Department: Clearing Settlement & Risk Management Systems

About the Role

Deloitte is seeking a highly skilled Functional Domain Expert in the area of Clearing and Settlement. The ideal candidate will have deep experience in post-trade operations and settlement systems across equities derivatives debt or mutual fund segments. This role will focus on strengthening BSEs clearing and settlement architecture driving process improvements and liaising with technology and business teams to ensure robust operational excellence.

Key Responsibilities

1. Functional Expertise

Serve as the subject matter expert (SME) for clearing settlement and post-trade operations.

Define and validate functional requirements for clearing & settlement modules across asset classes.

Evaluate and design clearing workflows participant margining collateral management pay-in/pay-out and risk settlement cycles.

Ensure compliance with SEBI RBI and international clearing regulations (CPMI-IOSCO principles).

2. Process and System Analysis

Translate business requirements into functional specifications for system enhancements or new modules.

Collaborate with IT and product teams to ensure accurate implementation and testing of clearing and settlement functionalities.

Review functional designs test cases and UAT results to ensure system integrity and accuracy.

3. Stakeholder Management

Engage with clearing members custodians depositories and settlement banks to resolve operational issues.

Serve as a liaison between business users clients and internal technology teams to ensure smooth delivery and post-implementation support.

Conduct user workshops and training sessions for internal and external stakeholders.

4. Regulatory & Compliance Alignment

Interpret and operationalize regulatory circulars from SEBI RBI and other authorities.

Ensure all system changes align with BSEs risk management framework and regulatory requirements.

Support audits and regulatory inspections by providing domain insights and documentation.

5. Continuous Improvement

Drive automation and digital transformation initiatives within clearing and settlement processes.

Benchmark global clearing systems (e.g. LCH NSCCL ICE Clear) and recommend enhancements.

Identify process bottlenecks and propose solutions to improve settlement efficiency and reduce operational risk.

Key Skills and Competencies

Domain Expertise: In-depth understanding of clearing and settlement cycles margining collateral management and risk handling.

Industry Experience: Prior experience in a stock exchange clearing corporation depository or a large financial institution with clearing & settlement exposure.

Functional Analysis: Strong capability to write BRDs/FSDs validate UAT scenarios and coordinate with IT for functional validation.

Client Management: Excellent communication skills with proven experience in handling institutional clients and clearing members.

Regulatory Knowledge: Familiarity with SEBI RBI and depository regulations governing securities settlement.

Tools: Exposure to clearing & settlement platforms (e.g. NSCCL ICCL CDSL or similar systems).

Qualifications

Bachelors degree in Finance Commerce Economics or Engineering.

Postgraduate qualification (MBA/CA/FRM) preferred.

810 years of experience in clearing settlement or post-trade domain with a reputed exchange clearing corporation or securities operations unit.

Desirable Attributes

Proven track record in functional design and implementation of clearing modules.

Strong analytical documentation and presentation skills.

Ability to manage cross-functional stakeholders in a high-regulation environment.

Passion for innovation in capital markets infrastructure and technology modernization.

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