Nubra is a brand owned by Zanskar Securities Private Limited - a SEBI-registered stock broker and depository participant, operating as a Trading cum Self Clearing Member.

Nubra

Insti is the institutional execution division, purpose-built for PMS, AIFs, AMCs, hedge funds, and family offices seeking superior execution quality through in-house algorithms, co-located infrastructure at NSE and BSE, and a dedicated institutional dealing desk. We are looking for a seasoned operations leader to head and strengthen the institutional operations function - ensuring every client's post-trade workflow is handled with precision, every compliance obligation met on time, and every process built to scale.

KEY RESPONSIBILITIES

- Operational Ownership: Lead the complete institutional operations lifecycle - trade confirmation, settlement, allocation, margin management, and post-trade reconciliation across NSE and BSE for equities and derivatives.
- Team Leadership: Lead, mentor, and manage the operations and back-office team. Set clear performance standards, drive a culture of precision and accountability, and establish robust escalation protocols for time-critical issues.
- SEBI & Exchange Compliance: Serve as the primary owner of all regulatory obligations - SEBI circulars, exchange inspections, audit trail integrity, STR/CTR filings, institutional KYC/KRA maintenance, FATCA/CRS compliance, and peak margin adherence. Proactively track regulatory changes and lead timely implementation.
- Custody & Clearing: Oversee block-level trade allocations across multiple sub-accounts for PMS/AIF/AMC clients. Coordinate with custodians, clearing members, and CDSL/NSDL for securities movements, corporate actions, and auction settlement handling.
- Process Excellence:



Continuously review and strengthen operational workflows - reconciliation, exception management, reporting, and documentation - with an eye on automation, scalability, and error elimination.
- Client Operations Interface: Act as the senior operations point of contact for institutional clients. Manage escalations, complex settlement queries, and lead periodic operational reviews with fund managers and their back-office teams.
- Audit & Inspection Readiness: Ensure all records, registers, and documentation are audit-ready at all times. Lead and manage all internal and external audits, SEBI inspections, and exchange-level reviews end to end.
- Cross-Functional Alignment: Work closely with the dealing desk, algo and technology, compliance, and accounts teams to ensure a clean day-end close, billing accuracy, and full regulatory reporting integrity.

WHAT YOU WILL BRING

- Complete command of institutional trade lifecycle across cash equities and F&O; - from execution through settlement.
- Deep working knowledge of SEBI regulations, exchange compliance frameworks, institutional KYC norms, and inspection protocols.
- Hands-on with CDSL/NSDL systems, custodian coordination, and clearing workflows for PMS/AIF/AMC sub-accounts.
- Demonstrated ability to lead and elevate operations teams - ideally at a brokerage, custodian, or clearing member.
- NISM Series VII mandatory; NCFM/BCFM or additional capital markets certifications preferred.
- Full-time, on-site at our Mumbai office during market hours and as required

WHY NUBRA INSTI?

An prospect to lead the operations function of one of India's most tech-forward institutional execution desks — with direct access to the COO, a high-calibre team, and the scale and client quality that make this role genuinely distinctive.

📌 Head - Institutional Operations (Mumbai)
🏢 Nubra
📍 Mumbai