Back Office Manager

Back Office Executive / Senior Executive, Stock Broking Operations

Company: FirstDemat (SEBI-registered stock broker & Depository Participant) Location: Ranchi (On-site) Experience: 3+ years in stock broking back-office operations (required) Employment Type: Full-time Reports to: Operations Head / Compliance OfficerAbout FirstDematFirstDemat is a SEBI-registered broking and demat platform that helps first-time retail investors in India start investing.

We're looking for an operations professional who knows broking back office end to end and can keep our day-to-day running accurately and in line with the rules.Key ResponsibilitiesTrade, Settlement and FundsHandle daily trade processing, obligation downloads and settlement for NSE, BSE and MCX (if applicable)Manage client pay-in/pay-out of funds and securities within exchange and clearing corporation timelinesPrepare and reconcile client ledgers, bank accounts and clearing member accounts every dayProcess running account settlements (monthly and quarterly) as SEBI and the exchanges requireDepository (DP) Operations, CDSL/NSDLProcess DIS, pledge/unpledge, margin pledge, MTF and early pay-inHandle DDPI/POA, nominee updates, account modifications, closures and transmission requestsProcess corporate actions, holding reconciliation and DP billingClient Onboarding and KYCVerify account opening documents and handle KRA/CKYC uploads and validationUpload UCC to the exchanges and keep client records in line with exchange and depository dataPerform re-KYC, segment activation and validation of financial proof for derivativesRisk, Margin and Regulatory ReportingMonitor margin collection and peak margin reporting, and prevent short-margin penaltiesPrepare and submit regulatory reports: weekly client fund and securities balances, holding statements, enhanced supervision data and segregation reportingGenerate and dispatch contract notes, daily margin statements and client statementsCompliance and Audit SupportTrack exchange, depository and SEBI circulars, and put operational changes in place on timeSupport internal audits, concurrent audits and exchange/depository inspectionsHelp with PMLA/AML monitoring, alert reviews and record keepingProcess and SystemsWork on back-office software such as TechExcel, Shilpi, Krop, or similar, plus exchange and depository portalsFind gaps in processes and suggest automation or SOP improvementsRequirementsMust have: 3+ years of hands-on experience in stock broking back-office operationsGraduate in Commerce, Finance or a related field (MBA Finance is a plus)NISM Series VII (Securities Operations & Risk Management) required; NISM Series VI (DP Operations) preferredStrong working knowledge of exchange settlement cycles (T+1), margin rules and SEBI/exchange reportingPractical experience with CDSL/NSDL DP operationsAdvanced Excel (VLOOKUP/XLOOKUP, pivots, reconciliations)High accuracy, ownership and the ability to meet strict regulatory deadlinesGood to HaveExperience at a discount broker or a fintech-led broking firmExposure to exchange and depository inspectionsFamiliarity with MTF, F&O and commodity segment operationsBasic understanding of PMLA/AML and investor grievance handling (SCORES)What We OfferCompetitive salary based on experienceA chance to help build operations at a growing broking platformDirect exposure to leadership and wide ownership of your workLearning and growth in a fast-moving fintech setup