Manager, Operations

HSBC
Mumbai
Workplace: OnsiteFull timeFunction: Capital Markets, Trading & QuantExperience: 4+ yearsEducation: bachelorsSkills: ["Attention to detail","Ability to work under strict deadlines","Risk management","Stakeholder management","Cross-functional collaboration"]

Manage day-to-day broking back-office operations across trading support, clearing & settlement, risk operations, depository (DP), reconciliations, and client service. Ensure timely settlements, accurate reconciliations, strong controls, and regulatory compliance with SEBI, exchanges, depositories, and clearing corporations. Partner with Technology, Compliance, Finance, and front-office teams to improve operational stability, support audits, and drive automation across OMS/RMS/BO workflows and incident triage.

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FursaFursa
HSBC
HSBC
13 hours ago

Manager, Operations

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Source: Company careers pageValidated by: Fursa AI
Last checked: 13 hours agoStatus: Live
Reposted: similar role first listed 2 months ago

Job Summary

Manage day-to-day broking back-office operations across trading support, clearing & settlement, risk operations, depository (DP), reconciliations, and client service. Ensure timely settlements, accurate reconciliations, strong controls, and regulatory compliance with SEBI, exchanges, depositories, and clearing corporations. Partner with Technology, Compliance, Finance, and front-office teams to improve operational stability, support audits, and drive automation across OMS/RMS/BO workflows and incident triage.
Location: Mumbai
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Manager level

Key Responsibilities

  • •Manage daily clearing and settlement activities with NSE Clearing/BSE Clearing, including pay-in/pay-out processing, settlement obligations, shortages, auction handling, and exception resolution.
  • •Support margins, collateral, and risk operations by computing/collecting margins, MTM, and exposure; monitor margin shortfalls and coordinate timely actions.
  • •Own daily/periodic reconciliations (exchange, client ledger, bank, depository, and settlement-related) and ensure breaks are investigated, evidenced, resolved within TATs, and governed.
  • •Oversee client lifecycle and service operations including onboarding/activation/modifications with SEBI KYC and PMLA/FATCA-CRS requirements, and manage investor grievance processing and closure evidence.
  • •Prepare/review regulatory reporting inputs (e.g., EOD reports, margin reporting, capital adequacy support packs) and support internal/external audits with accurate data, SOPs, and evidence packs.

Key Requirements

  • •Graduate in Commerce/Finance/Business Administration/Engineering (MBA or equivalent preferred).
  • •Minimum 4+ years in stock broking operations, clearing, or depository functions.
  • •Deep functional knowledge of NCL & ICCL settlement processes, reconciliation, risk operations, collateral management, reporting, and back-office accounting software.
  • •Expert knowledge of broking back-office operations and regulatory requirements (SEBI Master Circulars, exchange operational rules, Depository Operating Instructions, PMLA).
  • •NISM Series VII – Securities Operations and Risk Management; NISM Series VIII (Equity Derivatives), NISM Series VI (Depository Operation), and NISM Series XXIV (AML and CFT Provisions) are preferred.
Experience:4+ years
Education:Bachelor's
Skills:Attention to detailAbility to work under strict deadlinesRisk managementStakeholder managementCross-functional collaboration
Certifications:NISM Series VII - Securities Operations and Risk ManagementNISM Series-VIII: Equity DerivativesNISM Series-VI: Depository OperationNISM-Series-XXIV: AML and CFT Provisions
Tech Stack:OMSRMSBOUATSCORES

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn