1. Trade Settlement:
o Ensure timely settlement of trades (equity and derivatives) by coordinating with clearing houses, depositories (NSDL/CDSL), and custodians.
o Process and verify the settlement of client trades, ensuring that funds and securities are transferred accurately and in a timely manner.
o Monitor the settlement status of trades and address any failed trades or discrepancies that arise.
2. Funds & Securities Transfer:
o Manage and track the movement of client funds and securities between brokers, clients, and exchanges to ensure smooth settlement.
o Handle instructions for client fund transfers, ensuring compliance with regulatory guidelines.
o Monitor daily fund and securities balances and ensure adequate liquidity for smooth operations.
3. Reconciliation of Trades:
o Perform daily reconciliation of settlement accounts, ensuring that trades match across internal systems and clearinghouses.
o Identify and resolve any mismatches or discrepancies between the firm's records, exchange data, and client accounts.
o Ensure proper reconciliation of securities between depositories and the firm's records.
4. Client Interaction & Support:
o Liaise with clients to provide updates on trade settlements, resolve discrepancies, and answer queries related to settlement issues.
o Address client concerns regarding failed trades, fund transfers, and securities delivery, and provide solutions for timely resolution.
5. Regulatory Compliance:
o Ensure compliance with SEBI regulations, exchange guidelines (NSE, BSE, MCX), and depository rules regarding settlement activities.
o Maintain proper documentation of settlements, reconciliations, and transactions for audit and regulatory purposes.
o Stay updated on regulatory changes and implement necessary adjustments in settlement processes.
6. Discrepancy Management:
o Investigate and resolve settlement discrepancies, failed trades, or mismatched transactions in coordination with clearing corporations and depositories.
o Work closely with internal departments such as trading, operations, and compliance to resolve settlement issues and avoid any financial impact.
7. System & Process Optimization:
o Ensure the settlement systems and back-office tools are functioning efficiently and address any technical issues with the IT team.
o Identify areas for process improvements in the settlement cycle to reduce errors and improve settlement timelines.
o Assist in implementing automation tools or processes to streamline settlement operations.
8. Reporting & Documentation:
o Prepare daily, weekly, and monthly settlement reports, tracking the accuracy and timeliness of the firm's settlement activities.
o Maintain and organize accurate records of all settlements, ensuring they are available for audit and regulatory reviews.
o Support the preparation of reports for internal stakeholders, including operations, finance, and compliance teams.