Back Office Executive / Senior Executive, Stock Broking OperationsCompany: FirstDemat (SEBI-registered stock broker & Depository Participant)

Location: Ranchi (On-site)

Experience: 3+ years in stock broking back-office operations (required)

Employment Type: Full-time

Reports to: Operations Head / Compliance Officer

About FirstDematFirstDemat is a SEBI-registered broking and demat platform that helps first-time retail investors in India start investing. We're looking for an operations professional who knows broking back office end to end and can keep our day-to-day running accurately and in line with the rules.

Key ResponsibilitiesTrade, Settlement and Funds

- Handle daily trade processing, obligation downloads and settlement for NSE, BSE and MCX (if applicable)
- Manage client pay-in/pay-out of funds and securities within exchange and clearing corporation timelines
- Prepare and reconcile client ledgers, bank accounts and clearing member accounts every day
- Process running account settlements (monthly and quarterly) as SEBI and the exchanges require

Depository (DP) Operations, CDSL/NSDL

- Process DIS, pledge/unpledge, margin pledge, MTF and early pay-in
- Handle DDPI/POA, nominee updates, account modifications, closures and transmission requests
- Process corporate actions, holding reconciliation and DP billing

Client Onboarding and KYC

- Verify account opening documents and handle KRA/CKYC uploads and validation
- Upload UCC to the exchanges and keep client records in line with exchange and depository data
- Perform re-KYC, segment activation and validation of financial proof for derivatives

Risk, Margin and Regulatory Reporting

- Monitor margin collection and peak margin reporting, and prevent short-margin penalties
- Prepare and submit regulatory reports:



weekly client fund and securities balances, holding statements, enhanced supervision data and segregation reporting
- Generate and dispatch contract notes, daily margin statements and client statements

Compliance and Audit Support

- Track exchange, depository and SEBI circulars, and put operational changes in place on time
- Support internal audits, concurrent audits and exchange/depository inspections
- Help with PMLA/AML monitoring, alert reviews and record keeping

Process and Systems

- Work on back-office software such as TechExcel, Shilpi, Krop, or similar, plus exchange and depository portals
- Find gaps in processes and suggest automation or SOP improvements

Requirements
- Must have: 3+ years of hands-on experience in stock broking back-office operations
- Graduate in Commerce, Finance or a related field (MBA Finance is a plus)
- NISM Series VII (Securities Operations & Risk Management) required; NISM Series VI (DP Operations) preferred
- Strong working knowledge of exchange settlement cycles (T+1), margin rules and SEBI/exchange reporting
- Practical experience with CDSL/NSDL DP operations
- Advanced Excel (VLOOKUP/XLOOKUP, pivots, reconciliations)
- High accuracy, ownership and the ability to meet strict regulatory deadlines

Good to Have
- Experience at a discount broker or a fintech-led broking firm
- Exposure to exchange and depository inspections
- Familiarity with MTF, F&O; and commodity segment operations
- Basic understanding of PMLA/AML and investor grievance handling (SCORES)

What We Offer
- Competitive salary based on experience
- A chance to help build operations at a growing broking platform
- Direct exposure to leadership and wide ownership of your work
- Learning and growth in a quick-moving fintech setup

📌 Back Office Manager (Ranchi)
🏢 First Demat
📍 Ranchi