StockHolding Services Limited

Open an Account

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day issued in the interest of investors. | KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. | Attention Investors : "Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day Issued in the interest of investors" Also "Please provide your email id and mobile number or declaration for Non-availability for continuous trading. Kindly refer the NSE circular number NSE/INSP/32471 dated 31/05/2016."

Trade Now with StockNidhi

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.

APPLY FOR THIS JOB