Assistant Manager, Operations

Position Description

The Operations team is overall responsible for KYC & Client on-boarding, regulatory reporting, Client services and relationship management, middle and back office trade life cycle of BSE & NSE and transaction processing, risk management monitoring and maintenance, operational risk and controls. The team is mainly engaged to provide efficient pre & post trade support for all business activities for India market which cover KYC and on-boarding process, static data reference, regulatory registration and reporting, margin movements and limits monitoring, trade enrichments, aggregation, allocation and confirmation, manual trade bookings and amendments, market controls and reconciliations, market reporting, pre-matching, cash and stock settlements, fails management, statements and exceptional handlings, compliance checks, regulatory changes, process and system management, MIS, depository receipts and placement deals matching & settlement etc., considering standard market deadlines, especially new T+1 settlement cycle in India.

Key Areas of Responsibilities

• F&O Clearing processing of NSE in particular
• Keeping a track of F&O Risk limits which include market wide position limit, exchange utilization client and stock wise
• F&O Corporation Action adjustments process
• F&O Collateral management and exchange allocations
• Keeping a track of exchange / regulatory notifications, circulars and implantations of same &O Capital
• F&O Give-up and trade reporting
• Familiar with physical settlement of F&O positions
• UAT for system implementations OF F&O
• Client Registration of trading UCC & CP Code mapping for Clearing Clients with Exchange and internal trading applications and back office sytem.
• Keeping track of F&O BAN stocks and its reporting
• Familiar with various margin calculations for F&O 
• Reconciliation of Brokerage and market charges
• Market Cash Equities day to day BAU activities of BSE & NSE (India Exchanges) Margin management, trade enrichments, trade booking, confirmations to Clients and Custodians etc., timely with more accuracy
• NSE NCMS and BSE RTRMS handling, FPI limit monitoring, UCC registration and OTR reporting
• STP reporting to Custodians and domestic clients at EOD
• Ownership of EOD reconciliations of Market vs Client and highlight breaks for necessary actions
• Ownership of performing EOD Reconciliations for trade confirmations details reported to Clients, Custodian and the Stock Exchange.
• Maintain and report list of regulatory limit stocks for Clients
• Maintain and report Non-Inst cash market clients margin positions (incase of cash collateral received)
• Comply all regulatory and internal control related processes
• Commission deviations reconciliations and reporting and approvals etc.
• Work on flexing time shift based on India market process requirements

Requirements

• Minimum  3 years of work experience in Institutional Broking Operations handling the above specified job responsibilities of BSE & NSE

• Having full understanding and working experience of BSE & NSE trade reporting, clearing mechanism, exchange rules etc.,
• Analytical knowledge and very good in numbers

• Assess problem situations to identify causes, gather and process relevant information, generate possible solutions, and make recommendations and/or resolve the problem.
• Develop new and unique ways to improve operations of the organization and to create new opportunities.
• Work cooperatively and effectively with others to set goals, resolve problem, and make decisions that enhance organizational effectiveness.

• Excel and Word processing
• Application and Data base management
• Spreadsheets with formula, macro and pivot E-mail
• Internet outlook emails

• Usually work in an office environment but the purpose of immediate service to clients may sometimes work from home or non-standard work places
• Work in a standard work week with flexi shift timings but may be also required to work late hours or full shifts in absence of immediate colleague staff or back up in your own responsible area.
• Set priorities, develop a work schedule, monitor progress towards goals, and track details/data/information/activities.
• Assess situations to determine the importance, urgency and risks, and make clear decisions which are timely and in the best interests of the organization.

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