Dp Executive

About the Role

We are looking for a detail-oriented and responsible DP Executive to manage day-to-day depository operations, including Demat account opening, account maintenance, securities transfer, pledge processing, and coordination with clients, Depositories, and internal teams. The ideal candidate should have a good understanding of NSDL/CDSL procedures and SEBI regulations applicable to depository operations.

Key Responsibilities

• Handle Demat account opening, modification, closure, and maintenance.
• Process off-market and on-market securities transfers as per applicable procedures.
• Handle DIS (Delivery Instruction Slip), e-DIS, and other depository-related instructions.
• Process securities pledging, unpledging, and re-pledging requests.
• Manage transmission, dematerialisation, rematerialisation, and other corporate action-related requests.
• Verify client documents, KYC details, signatures, and supporting records.
• Ensure timely processing of client requests in accordance with NSDL/CDSL guidelines and applicable SEBI regulations.
• Maintain accurate records and documentation of all DP transactions.
• Resolve client queries related to Demat accounts, holdings, transactions, and account statements.
• Coordinate with the Compliance, Risk, Accounts, and Broking Operations teams.
• Assist in reconciliation, audit requirements, and regulatory reporting.
• Ensure adherence to internal policies, data confidentiality, and operational controls.

Requirements & Tech Stack

• Knowledge of NSDL/CDSL procedures and Demat account operations.
• Understanding of KYC, DIS, securities transfers, pledging, and settlement processes.
• Familiarity with stockbroking software, DP portals, and MS Excel.
• Strong attention to detail and documentation skills.
• Good communication, coordination, and problem-solving abilities.
• Ability to work under deadlines while maintaining accuracy and compliance.

Qualifications

• Graduate in Commerce, Finance, Business Administration, or a related field.
• Relevant experience in DP operations with a stockbroking firm or Depository Participant will be preferred.
• Freshers with a basic understanding of the stock market and depository operations may also apply.
• NISM certification relevant to depository operations, where applicable, is preferred.
• Prior experience with a stockbroking firm, DP, or financial services company is preferred.