AVP Operations

Role purpose

Funds and exchange settlement

• Manage client fund pay-in and payout, validate instructions and supporting records, post transactions, resolve failed payments and process monthly and quarterly settlement payouts.
• Support dividends, buy-backs, OFS, margin movements and NRI client transactions; maintain client-fund segregation, maker-checker evidence and audit trails.
• Prepare exchange obligations and manage exchange pay-in, payout and settlement; coordinate funding and resolve shortages, unmatched items and delayed confirmations.
• Monitor settlement calendars and cut-offs, maintain exception trackers, support margin requirements and prepare or review bank-balance, SEBI and exchange reports.

Treasury and reconciliations

• Support funding, disbursements, investments, concentration and inter-account transfers; review cash and bank positions and coordinate with banks.
• Oversee daily reconciliations for client and settlement bank accounts, firm accounts, client ledgers, exchanges, depositories, mutual funds and dividends.
• Investigate breaks, identify root causes, complete corrective actions and maintain reconciliation summaries and segregation-of-duties controls.

Accounting, reporting and controls

• Ensure accurate posting of receipts, payouts, exchange obligations, bank transactions and settlement entries; reconcile operational records to the general ledger.
• Support month-end close, accruals, provisions, trial balances, financial schedules, expense reconciliations and vendor payments.
• Prepare daily, weekly and monthly MIS and support GST, TDS and stamp-duty data, payments, returns and refund claims.
• Prepare client-fund segregation and regulatory reports; coordinate audits and inspections, provide evidence and track observations and remediation.
• Identify and escalate operational risks, incidents and control weaknesses; maintain root-cause analyses and corrective-action records.

Systems and team leadership

• Support live implementation and stabilization, participate in UAT, prepare test scenarios and coordinate defect resolution with Technology and Product teams.
• Improve reconciliations, payouts, reporting and settlement tracking while preserving controls and auditability.
• Lead daily fund-operations activities, allocate and review work, coach team members, maintain cross-training and monitor service levels.

Education and experience

• Graduate degree in Commerce, Finance, Business Administration, Accounting or a related discipline; MBA in Finance or equivalent is preferred.
• At least 7 years of relevant fund operations, stock-broking, clearing and settlement, treasury, depository operations or back-office accounting experience.
• Experience supervising client-money, exchange-settlement or fund-operation activities and working with banks, exchanges, clearing corporations, depositories and auditors.
• Experience across client payments, exchange obligations, treasury, reconciliations, accounting, regulatory support, audits and systems or process improvements.

Certification and technical skills

• NISM Series VII – Securities Operations and Risk Management is mandatory; NISM Series VI, Series VIII and Series XXIV are preferred.
• Strong knowledge of broking back-office, fund settlement, exchange operations, client-fund segregation, clearing, settlement and banking controls.
• Knowledge of operational accounting, GST, TDS and statutory processes; strong reconciliation and exception-management skills.
• Experience with Class, LD, TWS, Sun Systems, Tally or equivalent platforms; proficiency in Microsoft Excel, Word, PowerPoint and Outlook.

Competencies

• Accuracy, attention to detail, problem-solving and root-cause analysis under strict deadlines and settlement cut-offs.
• Clear written and verbal communication, stakeholder and vendor management, sound judgment and collaborative, accountable, control-conscious conduct.

Performance measures