KEY RESPONSIBILITIES Trade settlement and post-trade operations
Own the end-to-end settlement cycle for institutional equity and F&O; trades across all client segments
Manage daily coordination with local custodians on allocations, confirmations, funding and settlement instructions
Ensure timely dissemination of trade confirmations and electronic contract notes through the Straight Through Processing
environment, working with STP providers including NSDL, NSE.IT and Omgeo / DTCC CTM
Oversee trade matching, affirmation and exception management; drive down fail rates, unmatched trades and late
confirmations
Manage obligations to exchanges and clearing corporations – pay-in and pay-out, margin reporting, early pay-in
Oversee corporate action processing and entitlement handling for institutional client positions
Mid-office and dealing desk support
Lead the mid-office function supporting the dealing desk, sales traders and dealers on trade queries, allocations, brokerage
computation and position reconciliation

Act as the escalation point for time-sensitive intraday issues where delay creates settlement or client risk
Own daily reconciliation of positions, obligations, brokerage and client balances
Ensure accurate brokerage billing and revenue recognition, including soft-dollar and CSA arrangements where applicable
Institutional client onboarding and KYC
Own account opening across FPI / FII, FDI, DII, AIF, mutual fund, insurance and corporate treasury segments
Manage KYC, re-KYC and periodic review requirements, including documentation from global entities across multiple
jurisdictions
Coordinate with compliance, legal and custodians on account structures, PAN and demat linkages, CP codes, UCC registration
and exchange uploads
Keep onboarding turnaround competitive – slow onboarding costs the desk business directly
Regulatory, compliance and controls
Maintain command of SEBI regulations, FPI regulations, exchange and depository circulars,



PMLA and KYC norms
Maintain working awareness of the cross-border regulations global clients operate under, including sanctions screening and
home-jurisdiction reporting expectations
Build and maintain a robust process and control environment, ensuring all key controls are completed in line with policy and on
time
Own the operations response to internal audit, statutory audit, exchange inspections and SEBI examinations, and close
findings within timelines
Client and counterparty engagement
Serve as the senior operations point of contact for global institutional clients, their custodians and their operations teams
Handle escalations on trade confirmations, settlement discrepancies and query resolution
Participate in client due diligence visits and operational reviews, where global institutions assess post-trade infrastructure
before allocating flow
Process improvement, technology and team leadership
Drive business process reengineering across the institutional operations stack, replacing manual touchpoints with automation
and straight-through flows
Partner with technology to deliver low-latency operational infrastructure and reduce turnaround times on confirmations,
allocations and reporting
Build, lead, mentor and retain the mid-office and back-office team; own capacity planning, cross-training and succession
Design and maintain business continuity arrangements for the settlement cycle
CANDIDATE PROFILE
Experience: 12 to 18 years in institutional operations, settlements or post-trade functions, including at least 4 years leading a
team.





Background – any of the following
Institutional equities operations at a domestic or foreign broking house
Post-trade, settlements or middle-office leadership at a custodian bank
Institutional operations at a full-service broker with an FPI-heavy client base
Prime brokerage or clearing operations with Indian market exposure
Must have
Deep, hands-on command of the Indian institutional settlement cycle across cash equities and F&O;
Demonstrated ownership of custodian relationships and custodian-settled institutional trades
Working experience of the STP environment – NSDL, NSE.IT, Omgeo / DTCC CTM or equivalent matching platforms
Practical experience of FPI, FDI and DII account opening and the institutional KYC framework
Command of SEBI, exchange and depository regulations relevant to institutional broking

Strong written and verbal English, with the confidence to face off directly against global counterparts.

This is not a back-office-
only role.

A process improvement or automation track record you can put numbers to
Team leadership experience with real accountability for output and people
Good to have
Fixed income, currency derivatives or commodity settlement
exposure alongside equities
A system migration, OMS implementation or major
automation project on your record

Fit markers
Calm under a hard daily deadline.

The settlement cycle does
not move for anyone.

Detail-obsessed without losing the bigger process picture

Familiarity with settlement cycle transitions and their
operational implications
Relevant NISM certifications
MBA Finance, CA or equivalent postgraduate qualification

Comfortable being the escalation point rather than
escalating upward
Understands that operations quality is a commercial asset,
not just a control function
Secure career record – this is a relationship-heavy function

📌 VP Operations Institutional broking (India)
🏢 Intellectual Capital HR Consulting
📍 India