Industry: Stock Broking / Stock Market Department: Back Office Operations Experience Required: Minimum 3 Years in HEAD OFFICE of Stock Broking / Stock Market Operations

Job Type
Full-Time

Salary:
No bar for the right candidate

About the Role
We are looking for an experienced and highly competent Head of Back Office Operations to independently manage and supervise the day-to-day operations of a stock broking company. The ideal candidate must have strong practical knowledge of stock market back-office activities, client account operations, settlement processes, clearing corporation coordination, depository operations, and back-office software. This position requires a hands-on professional who can manage operations independently, ensure accuracy, meet deadlines, and maintain compliance with applicable exchange and regulatory requirements.

Key Responsibilities
1. Day-to-Day Back Office Operations
• Independently manage and supervise all daily back-office activities.
• Ensure timely processing of trades, trade bills, client ledgers, contract notes, and settlement-related records.
• Monitor daily operational reports and resolve discrepancies.
• Ensure smooth coordination between the dealing, accounts, compliance, and operations teams. 2. KYC and Client Account Management
• Have strong practical knowledge of client onboarding and KYC procedures.
• Handle client documentation, account opening, modification, activation, and closure processes.
• Understand KRA, CKYC, IPV/video IPV, UCC creation, and related documentation requirements, as applicable.
• Ensure proper maintenance of client records and compliance with applicable regulatory requirements. 3. Pay-in, Pay-out and Settlement Operations
• Independently handle securities and funds pay-in/pay-out processes.




• Manage client-wise funds and securities allocation and settlement reconciliation.
• Understand settlement obligations, shortages, auction-related processes, and settlement deadlines.
• Reconcile client ledgers, broker accounts, and settlement balances accurately. 4. Clearing Corporation and Clearing Member Coordination
• Have practical knowledge of clearing corporation settlement processes and clearing member operations.
• Handle settlement obligations, margin reporting, collateral/margin adjustments, and reconciliation.
• Coordinate with clearing members and exchanges for settlement issues and operational discrepancies.
• Reconcile clearing member statements with back-office records. 5. Depository Participant (DP) Operations
• Possess working knowledge of DP operations and securities settlement.
• Understand demat account operations, demat/remat processes, pledge and unpledge, and off-market/on-market transfers, as applicable.
• Handle securities pay-in/pay-out coordination, transaction reconciliation, and related reports. 6. Back-Office Software – In-Depth Practical Knowledge
• Must have comprehensive, hands-on knowledge of stock broking back-office software, including its operational modules and accounting workflows.
• Must be capable of independently handling trade processing, billing, client ledgers, settlement entries, funds and securities allocation, margin adjustments, reconciliation, and report generation.
• Should understand software configurations, operational controls,



exception handling, and troubleshooting.
• Must be able to identify and resolve discrepancies without unnecessary dependency on external support. 7. Reconciliation, Reporting and Compliance
• Reconcile client accounts, broker accounts, clearing member balances, bank balances, and depository records.
• Ensure accurate daily reports and timely completion of settlement-related activities.
• Maintain proper audit trails, records, and supporting documentation.
• Support internal audits, exchange inspections, and regulatory reporting as required. Mandatory Eligibility Criteria
• Minimum 3 years of relevant experience in stock broking or stock market back-office operations.
• Proven experience handling day-to-day back-office operations independently.
• Strong practical knowledge of KYC, pay-in/pay-out, client allocation, clearing corporation/clearing member operations, and DP processes.
• In-depth knowledge of stock broking back-office software and its operational workflows.
• Ability to handle operational issues, reconciliations, and settlement activities independently.
• Strong analytical, coordination, problem-solving, and team-management skills. Key Notice to ApplicantsPLEASE APPLY ONLY IF YOU MEET THE ABOVE MANDATORY REQUIREMENTS. Candidates without relevant stock market back-office experience or without practical knowledge of the specified operational processes and back-office software are requested NOT TO APPLY. We are looking for a professional who can take ownership of the entire back-office operation and manage it efficiently with minimal supervision. Salary / Compensation: No bar for the right candidate. We are willing to offer an attractive package to a genuinely experienced, capable, and deserving candidate.

📌 Head – Operations Department (Rajkot)
🏢 DELTA VIBE BROKING
📍 Rajkot