Role purpose

The Back Office In-charge will take full ownership of the organisation’s commodity derivatives back-office operations on MCX. The role covers trade processing, accounting, funds settlement, client trading limits and daily reconciliations on the back-office software.

The position ensures that every day’s operations are completed accurately and on time, that client and exchange obligations are met, and that the segment runs smoothly from market open to end-of-day processing.

Key responsibilitiesBack-office processing and accounting

- Administer the commodity back-office software end to end, including beginning-of-day and end-of-day processing, master maintenance and daily import of trade, position and obligation files.
- Ensure accurate billing and timely dispatch of contract notes, daily margin statements and statements of account.
- Maintain client ledgers and verify all debit and credit entries, including brokerage, Commodities Transaction Tax, stamp duty, GST and Exchange and regulatory charges.
- Reconcile client ledgers, bank accounts and Exchange obligations daily, and resolve all differences.
- Post and reconcile accounting entries for the segment, and support month-end closing, TDS, GST and statutory audit requirements.

Funds settlement and clearing

- Manage daily funds pay-in and pay-out with the clearing corporation or clearing member within prescribed timelines.
- Process client fund receipts and payouts, and monitor client debit balances.
- Ensure accurate reporting of client-level margin collection and monitor short-collection exposure.
- Handle the physical delivery settlement of bullion and base metals contracts during delivery periods, including client intimation and documentation.
- Coordinate with the clearing corporation, banks and the software vendor on all settlement matters.





Trading limits and risk monitoring

- Set and review client-wise trading limits in the trading and RMS systems based on available margins and collateral, as approved by management.
- Complete beginning-of-day checks before market open, including limit uploads, terminal and client activation, and blocking of restricted contracts.
- Monitor client positions, mark-to-market losses, margin utilisation and Exchange position limits through the trading session.
- Track contracts approaching tender and delivery periods and ensure timely action on client positions.
- Escalate margin shortfalls and limit breaches, and coordinate square-off action in line with the risk management policy.

Reporting, controls and coordination

- Prepare daily MIS on positions, margins, funds and client balances for management.
- Provide data and records for internal audits, Exchange inspections and periodic submissions, in coordination with the Compliance Officer.
- Maintain SOPs, registers and records for all back-office processes.
- Coordinate with dealers, RMS, accounts and compliance teams to resolve operational issues promptly.
- Supervise and train back-office staff as the team grows.

Qualifications and experienceEssential

- B.Com or an equivalent graduate degree in Commerce or Finance.
- 3–5 years of experience in commodity back-office operations with a SEBI-registered stock broker, with hands-on MCX experience.




- Demonstrated ability to independently run MCX beginning-of-day and end-of-day processing on a broker back-office platform.
- Sound working knowledge of client accounting, ledger and bank reconciliation, and funds pay-in and pay-out.
- Hands-on experience setting and monitoring client trading limits in an RMS setting.
- Clear understanding of MCX settlement cycles, margin reporting and delivery mechanisms.
- Valid NISM-Series-VII: Securities Operations and Risk Management Certification.
- Valid NISM-Series-XVI: Commodity Derivatives Certification.
- Advanced proficiency in MS Excel, including reconciliation of large data sets.

Desirable

- M.Com or CA Inter.
- Experience with commodity back-office platforms such as TradePlus COMMEX, Lidha Didha, iLedger or Shilpi.
- Exposure to NCDEX or the commodity segments of NSE and BSE.
- Working knowledge of Tally or similar accounting software.

Key competencies

- High accuracy and attention to detail in accounting and reconciliation work.
- Strong ownership of daily deadlines, from market open to end-of-day processing.
- Ability to work independently and stay composed under time pressure.
- Clear communication with dealers, clients, the clearing corporation, banks and vendors.
- Proficiency in English and Hindi; working knowledge of Bengali preferred.

Job details

- Job type: Full-time, Permanent
- Pay: Commensurate with experience and in line with industry standards
- Schedule: Day shift, with extended hours as required by market operations
- Experience: Commodity back-office operations, 3 years (Required)
- Certification: NISM-Series-VII and NISM-Series-XVI (Required)
- Work location: In person, Kolkata

Pay: ₹50,000.00 - ₹200,000.00 per month

Benefits:

- Paid sick time
- Paid time off
- Provident Fund

Work Location: In person

📌 Back Office In-charge – Commodity Operations (MCX) (Kolkata)
🏢 Manu Stock Broking
📍 Kolkata