Sr. Manager - Depository BFSI Domain Only
Day to day operations
Sr. Manager - Depository Reports to VP Depository
- Execute all transactions as per instructions received from the custody team within set timelines and any discrepancies are resolved.
- Ensure the account opening, closing, modification, KYC & CKYC updation and compliance are completed within set timelines.
- Ensure TATs are met as per the Service Level Agreements and Operating procedures.
- Well versed with depository applications such as NSDL e-DPM and Local DPM, NSDL DMS, NDML KRA, Speed-e, IDeAS , CDSL CDAS system, CVL KRA and CKYC.
- Should have operational knowledge for margin pledge and repledge instruction.
- Knowledge of demat, remat and redemption process and instruction processing.
- Ensure that data from depositories front-office is downloaded and uploaded accurately to the back offices
- Reconcile the holdings for the previous day between the depository and back-office system
- Ensure that communication services are working smoothly with no glitches; In case of any downtime ensure it is highlighted to the respective depositories helpdesk team and internal IT team; Ensure quick resolution of the same.
Compliance Reporting :
- Ensure various compliance reports as per the prescribed format e.g. Investor Grievance, Compliance certificate etc. and submit the same to compliance officer by the set deadline
- Provide inputs to internal auditors and finalize the reports in discussion with appointed auditors; Submit the reports to depositories in a timely manner
Regularity Reporting :
- Ensured all the regulatory reporting done on time with no errors to the regulators NSDL & CDSL.
- Ensured a daily checking of the emails for the circulars being sent by the regulator and accordingly implement the changes / requirements in the processes.
- Ensured the queries / issues if any received are resolved and reverted within the prescribed deadline time.
- Ensured the data requirements are sent to the regulators well before the deadline time as when are requested by the regulators.
Internal & external Audit :
- Ensure no Major Audit Comment. Documenting of Errors, maintain proper Audit Trail. Coordination with Internal Auditor, SEBI, NSDL and CDSL Audit/Inspection Team.
- Ensure DP internal & concurrent Audits are complected within prescribed time.
- Respond to regulators (NSDL & CDSL) for any audit or compliance related queries.
Other Areas :
- Prepared and put up various DP reports to the board/audit committee
- Updation of operating manual and onward submission to concern team.
- UAT Testing, System up-gradation, ensure timely execution of system up-gradation by coordinating with IT and Regulators.
- Reconcile depositories billing as raised by both depositories and make payments accordingly.
- Responsible for NSDL and CDSL new system mock testing and send feedback to respective teams
- Responsible for DPSecure Back/office system mock testing and send feedback to respective teams
- Ensure timely execution of system upgradation by co coordinating with IT and Regulators. Operation & Help-desks team of depositories (NSDL and CDSL), TCS Team (DpSecure)
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