Operations Team Member_WBG OPERATIONS (OPS)_0180_1459_1087719

We are looking for a meticulous and proactive Operations Team Member to join our Commercial Operations team within the Wholesale Banking Group (WBG). The ideal candidate will be responsible for verifying legal documentation, maintaining operational records, and ensuring compliance with internal and regulatory standards. This role demands strong attention to detail, excellent communication skills, and the ability to manage multiple tasks efficiently.

The candidate will be involved in end-to-end documentation verification, collateral and limit maintenance, insurance policy coordination, and post-disbursement tracking. The role also includes liaison with auditors, MIS reporting, and coordination with various internal teams for seamless operational execution.

Role Purpose

To manage and execute day-to-day Capital Market Operations activities, ensuring timely processing, settlement, reconciliation, and regulatory compliance across equity, debt, mutual funds, and other capital market products. The incumbent will support operational excellence and coordinate with internal stakeholders, custodians, exchanges, depositories, and clients.

Key Responsibilities

• Process and monitor capital market transactions across various asset classes.
• Ensure timely trade confirmation, settlement, and exception management.
• Perform daily reconciliations of trades, holdings, cash, and depository records.
• Coordinate with brokers, custodians, clearing corporations, and depositories for seamless transaction processing.
• Investigate and resolve settlement breaks, failed trades, and operational discrepancies.
• Monitor corporate actions and ensure accurate processing in systems.
• Prepare and review MIS, operational reports, and exception reports.
• Ensure adherence to SEBI, Exchange, Depository, and internal compliance requirements.
• Participate in process improvement initiatives and automation projects.
• Handle stakeholder queries and provide operational support within defined SLAs.

Eligibility Criteria

• Graduate/Postgraduate in Commerce, Finance, Banking, or related discipline.
• 1–4 years of experience in Capital Market Operations, Settlements, Reconciliations, Custody, or Trade Processing.
• Knowledge of Equity, Debt, Mutual Funds, Depositories (NSDL/CDSL), and Exchange operations.
• Familiarity with regulatory and compliance requirements applicable to capital market operations.
• Good analytical, communication, and stakeholder management skills.

Preferred Skills

Understanding of trade lifecycle management.

Experience in settlement and reconciliation processes.

Strong attention to detail and risk awareness.

Proficiency in MS Excel and operational reporting.

Verify executed legal documents as per the Documentation Grid and Sanction Letter/Term Sheet. Ensure adherence to Stamp Duty norms as per the Legal Stamp Duty Grid. Maintain limits and collateral records accurately. Perform CERSAI maintenance including charge creation and release for various asset types. Update PSL for CCOD products based on templates received from business. Coordinate insurance policy maintenance as per sanction terms with the centralized desk.

Prepare and release Disbursement Advice to Loan Maintenance Team for loan disbursements. Issue Limit Loading Instructions (LLI) to Treasury and CMS teams for respective products. Manage insertions of documents received post-disbursement. Close deferrals upon receipt of requisite documents from Business Units. Track post-disbursement conditions in DRS marked as “pre-approved”. Handover files and dockets to DMT and obtain acknowledgements.

Weekly handover of PDC/SPDCs to vendors and collect acknowledgements. Liaise with auditors and ensure resolution of audit queries. Generate and maintain MIS reports including daily reporting, pending status, and insertions. Confirm release of property and verify documents before handing over to stakeholders. Ensure sanction letters are signed by authorized signatories as per business/credit list.