Job Title: Deputy Vice President Operations
Job Summary:
This is a senior management position responsible for overseeing the day-to-day operations of our clearing and settlement department. The incumbent will be responsible for managing a team of professionals, ensuring the timely and accurate processing of trades, and maintaining strong supervisory controls.
Key Responsibilities:
1. Clearing & Settlement Management
2. Oversee daily trade clearing workflows – from pre-matching, confirmation, MTM, margin calls to fund/stock settlement and fails resolution.
3. Ensure accurate and timely generation of margin deficit files, pay-in/pay-out obligations, and Bhav/obligation reports
4. Lead a team (~10–15 members), including recruitment, mentoring, performance appraisals, and cross-training.
5. Maintain strong supervisory controls, manage escalations, and track KPIs/SLAs for error rates and processing timelines.
6. Process & Risk Management
7. Identify process breakdowns; implement re-engineered workflows to enhance STP rates and settlement efficiency.
8. Strengthen control frameworks, monitor operational risks, and ensure audit-readiness and compliance with SEBI and exchange regulations.
9. Stakeholder Engagement
10. Serve as the central point for trade-related escalations, liaising with front office, trading teams, exchanges, banks, and clearing members.
11. Manage exchange communications for circulars, trade files, and regulatory updates
12. Strategic Initiatives & Automation
13. Drive strategic projects for operational efficiency, technology upgrades, and change initiatives (