HSBC

1 week ago

AVP Operations

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 1 hour agoStatus: Live

Job Summary

Manage day-to-day broking back-office operations spanning trading support, clearing & settlement, risk operations, depository (DP) processes, reconciliations, and client service. Ensure timely settlements, accurate reconciliations, strong controls, and regulatory compliance with SEBI, exchanges, depositories, and clearing corporations. Coordinate with Technology, Compliance, Finance, and front-office teams while improving operational stability and driving incremental automation across OMS/RMS/BO workflows.

Location: Mumbai

Workplace: Onsite

Employment Type: Full time · Permanent

Job Function: Business Operations

Key Responsibilities

•Manage daily clearing and settlement activities with NSE Clearing and BSE Clearing, ensuring timely fund flows and demat deliveries.
•Support margins, MTM, and exposure calculations; monitor margin shortfalls and coordinate timely actions for risk operations.
•Own daily/periodic reconciliations across exchanges, client ledger, bank, depository, and settlement-related items; investigate and resolve breaks within TATs.
•Oversee client onboarding, activation, modifications, and investor grievance handling in line with SEBI timelines, SCORES, and related mandates.
•Work with Technology/Product teams to address OMS/RMS/BO operational issues, support UAT, assist production incident triage, and identify automation opportunities.

Key Requirements

•Graduate in Commerce, Finance, Business Administration, or Engineering; MBA (or equivalent) preferred.
•7+ years of experience in stock broking operations, clearing, or depository functions.
•Deep functional knowledge of NCL and ICCL settlement processes, reconciliation, risk operations, collateral management, reporting, and back-office accounting software.
•Mandatory NISM Series VII (Securities Operations and Risk Management) certification; knowledge of SEBI master circulars and exchange/depository operating rules.
•Familiarity with SEBI KYC, PMLA, FATCA/CRS, and the ability to operate with strong maker-checker controls and documentation.

Experience:7+ yearsStock brokingClearingDepositoryFinancial servicesBroking back-office operations

Education:Bachelor's in Commerce, Finance, Business Administration, or Engineering

Skills:Attention to detailWorking under strict deadlinesRisk managementStakeholder managementCross-functional collaboration

Certifications:NISM Series VII - Securities Operations and Risk ManagementNISM Series-VIII: Equity DerivativesNISM Series-XXIV: AML and CFT ProvisionsNISM Series-VI: Depository Operation

Tech Stack:NSE ClearingBSE ClearingNCLICCLOMSRMSBOSCORES

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: 3.6

Website LinkedIn

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HSBC

1 week ago

AVP Operations

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 1 hour agoStatus: Live

Job Summary

Location: Mumbai

Workplace: Onsite

Employment Type: Full time · Permanent

Job Function: Business Operations

Key Responsibilities

•Manage daily clearing and settlement activities with NSE Clearing and BSE Clearing, ensuring timely fund flows and demat deliveries.
•Support margins, MTM, and exposure calculations; monitor margin shortfalls and coordinate timely actions for risk operations.
•Own daily/periodic reconciliations across exchanges, client ledger, bank, depository, and settlement-related items; investigate and resolve breaks within TATs.
•Oversee client onboarding, activation, modifications, and investor grievance handling in line with SEBI timelines, SCORES, and related mandates.
•Work with Technology/Product teams to address OMS/RMS/BO operational issues, support UAT, assist production incident triage, and identify automation opportunities.

Key Requirements

•Graduate in Commerce, Finance, Business Administration, or Engineering; MBA (or equivalent) preferred.
•7+ years of experience in stock broking operations, clearing, or depository functions.
•Deep functional knowledge of NCL and ICCL settlement processes, reconciliation, risk operations, collateral management, reporting, and back-office accounting software.
•Mandatory NISM Series VII (Securities Operations and Risk Management) certification; knowledge of SEBI master circulars and exchange/depository operating rules.
•Familiarity with SEBI KYC, PMLA, FATCA/CRS, and the ability to operate with strong maker-checker controls and documentation.

Experience:7+ yearsStock brokingClearingDepositoryFinancial servicesBroking back-office operations

Education:Bachelor's in Commerce, Finance, Business Administration, or Engineering

Skills:Attention to detailWorking under strict deadlinesRisk managementStakeholder managementCross-functional collaboration

Certifications:NISM Series VII - Securities Operations and Risk ManagementNISM Series-VIII: Equity DerivativesNISM Series-XXIV: AML and CFT ProvisionsNISM Series-VI: Depository Operation

Tech Stack:NSE ClearingBSE ClearingNCLICCLOMSRMSBOSCORES

Company Brief

HSBC

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: 3.6

Website LinkedIn