Assistant Vice President - Operations/Securities Services - Custody Services
- Compensation
- Not disclosed
- Location
- Mumbai
- Work setup
- Not specified
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- 8+ years
- Category
- Not specified
- Posted
Skills
Must have
- - Proven experience in Depository Participant activities, including regulatory reporting.
- - In-depth knowledge of Indian capital markets, including Equity and Fixed Income.
- - Strong understanding of SEBI regulations pertaining to FPIs, FDIs, FVCIs, and Depository Receipts.
- - Hands-on experience with FPI account opening, documentation, and various FPI structures.
- - Familiarity with mutual fund processing for both FPI and domestic clients.
- - Solid understanding of corporate actions processes.
- - Proficiency in SWIFT messaging for settlements, corporate actions, and cash.
- - Excellent analytical, problem-solving, and communication skills.
- - Ability to work effectively in a fast-paced and dynamic environment.
- - Strong attention to detail and accuracy.
- - Relevant professional qualifications (e.g., NISM certifications) would be an added advantage.
- Education:
- Reporting To: VP, Operations, Securities Services - Custody Services
Full description
Department : Custody Operations
About DBS:
DBS is a leading financial services group in Asia, with a presence in 18 markets. Headquartered and listed in Singapore, DBS is at the forefront of leveraging digital technology to shape the future of banking. As a bank born and bred in Asia, DBS is committed to understanding customers' needs and providing innovative solutions.
**About the Role:
DBS Custody Services is seeking a highly motivated and experienced Assistant Vice President to join our dynamic team. This role is crucial in ensuring the efficient and compliant processing of custody operations, catering to a diverse client base including Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Foreign Venture Capital Investors (FVCIs). The successful candidate will possess a deep understanding of Indian capital markets, regulatory frameworks, and depository operations.
**Key Responsibilities:
Depository Participant Activities:**
- Oversee and manage daily Depository Participant (DP) activities.
- Ensure timely and accurate preparation and submission of all monthly, quarterly, semi-annually and annually regulatory reports and filings to NSDL and CDSL authorities.
- Maintain strict adherence to SEBI regulations and Depository guidelines.
Market Operations & Regulations:
- Demonstrate sound knowledge of Equity and Fixed Income markets, including primary and secondary market trades for corporate bonds and government securities.
- Strong understanding of regulations pertaining to FPI, FDI, FVCI investments, and Depository Receipts processes.
- Process and manage Mutual Fund transactions for both FPI and Domestic clients.
- Sound knowledge of corporate actions processes within custody services, including but not limited to dividends, bonuses, rights issues, mergers, and acquisitions.
- Ensure accurate and timely processing and reconciliation of all corporate action events.
Account Opening & Documentation:
- Possess extremely good knowledge of account opening procedures from a SEBI perspective.
- Thorough understanding of various FPI structures (e.g., Category I, Category II, etc) and their documentation requirements.
- Proficiency in opening and managing accounts on depository systems, ensuring all necessary documentation is meticulously collected and verified.
**SWIFT Messaging:
- Good knowledge and practical experience with SWIFT messages related to settlements (MT5xx series), corporate actions (MT5xx series), and cash management (MT1xx/MT2xx series).