StockHolding Services Limited

Careers

Deputy Manager/Manager - Settlement

Department : Settlement

Qualification : Bachelor’s degree in Finance, Accounting, Economics, or a related field (Master’s degree preferred). • 5+ years of experience in trade settlement, operations, or back-office roles within a stockbroking or financial services firm. • Strong knowledge of stock exchange settlement cycles, clearing processes, and SEBI regulations. • Proficiency in settlement software, back-office systems, and reconciliation tools.

Experience : 5+ years of experience

Roles and Responsibilities


1.	Trade Settlement Management:
o	Ensure accurate and timely settlement of trades in accordance with exchange (NSE, BSE, MCX) and regulatory guidelines.
o	Manage and oversee the settlement of both equity and derivatives trades, coordinating with clearing corporations, depositories, and custodians.
o	Reconcile trade confirmations and clearing data to ensure all trades are settled within the specified deadlines.

2.	Funds and Securities Management:
o	Manage the flow of funds and securities for settlements, ensuring that the firm’s obligations are met on time.
o	Ensure clients' securities are credited or debited in accordance with the trade settlement instructions.
o	Monitor and manage daily margin requirements and ensure the firm’s liquidity is maintained for smooth settlement operations.

3.	Reconciliation and Discrepancy Resolution:
o	Conduct daily reconciliation of settlement accounts, ensuring accurate tracking of client funds, broker funds, and securities.
o	Investigate and resolve any discrepancies in settlement, such as failed trades or unmatched transactions, working with the relevant teams to resolve issues promptly.

4.	Regulatory Compliance:
o	Ensure all settlement operations comply with SEBI, stock exchange, and depository regulations.
o	Maintain accurate records of settlements, reconciliations, and client transactions for audit purposes.
o	Stay updated on changes in settlement rules and implement necessary changes to internal processes.

5.	Client Management:
o	Liaise with clients to provide updates on settlement processes, address queries, and resolve any settlement-related issues.
o	Ensure a smooth flow of communication with clients, brokers, and counterparties during the settlement process.
o	Provide clients with timely reports on settlements, reconciliations, and any issues that may arise during the post-trade process.


6.	System and Process Optimization:
o	Implement and oversee the use of settlement systems and tools to automate and streamline settlement operations.
o	Identify opportunities to improve the efficiency and accuracy of the settlement process.
o	Ensure that the firm's back-office systems are up-to-date and capable of handling high volumes of transactions with minimal errors.

7.	Risk Management:
o	Collaborate with the risk management team to monitor and manage settlement risks, such as liquidity shortages, margin calls, or default risks.
o	Ensure the firm’s risk exposure in the settlement process is minimized by setting up proper checks and controls.

8.	Reporting & Analytics:
o	Prepare daily, weekly, and monthly settlement reports, tracking settlement performance, discrepancies, and compliance with regulations.
o	Provide senior management with regular updates on settlement processes, challenges, and areas for improvement.
o	Track settlement KPIs and ensure alignment with company goals and client satisfaction standards.

9.	Stakeholder Collaboration:
o	Work closely with internal departments such as Trading, Risk, Compliance, and Finance to ensure seamless post-trade processes.
o	Establish and maintain relationships with external stakeholders such as clearing corporations, depositories (NSDL/CDSL), custodians, and banks to facilitate the settlement process.

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Careers

Deputy Manager/Manager - Settlement

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