02 Oct
|
Financial services
|
Guindy
02 Oct
Financial services
Guindy
Job Purpose
To process instructions received from the Clients like Demat, Remat, Pledge, transfer of shares from one account to another etc. To follow compliance without any exception as per the guidelines prescribed by the Depository & SEBI
Job Context & Major Challenges
Aditya Birla Money Ltd. (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of ~800 spread across ~40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABM works in a highly regulated workplace with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc.
ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local Broking outfits.
Job Context:
• To ensure transfer of securities of Clients from Demat account holder to Exchange Clearing Corporations for meeting Exchange obligation, and also for transfer to other accounts basis on receipt of client instructions.
• To ensure scan image of clients’ physical Delivery Instruction slips (DIS) submitted for transfer of securities, are reported to Depositories (NSDL & CDSL) before the cut-off time i.e. before end of the next working day.
• To ensure Clients Pledging / Hypothecating of their securities with Bank / NBFC for availing Loans i.e. Loan against Securities within TAT.
• To ensure Conversion of Client’s physical share securities into electronic mode and
📌 Assistant Manager (Guindy)
🏢 Financial services
📍 Guindy