Assistant Manager -Clearing and Settlement at Stock Exchange Major, Gandhinagar

  • 0 - 2 Years
  • Not Mentioned
  • gandhinagar
  • permanent
  • Chartered Accountant,MBA
  • Financial_Services
  • ·         Department : Clearing & settlement

    ·         Designation : DM

    ·         Location : NSE IFSC Gift City - Gandhinagar

    ·         Qualification : CA – Fresher

    MBA – Finance (min 2 year experience) (Hike: 15 to 20% on CTC)

               

    Would be working in Rotational Shift

    Shift Timings

    6.30 am to 3.45 pm

    3.15 pm to 1.00 am

     

    Reports to Functionally: Manager - Clearing and Settlement
     
    Reports to – Administratively: Manager Clearing and Settlement
     
    Purpose of the job:
    To support in daily clearing activities, managing problems of members’ and their queries following the administration guidelines.
     
    Clearing activities
     
    1. Execute processes in a timely manner
    2. Generate and download reports to members
    3. Generate and transfer Data/ reports to regulatory authorities
    4. Crystallise obligations and carry out related activities for the same
    5. CP code allocation to Custodians / Clearing Members
     
    Settlement activities
     
    1. Interact with depositories, NSDL and CDSL for pay-in and pay-out
    process to ensure that trades are settled as per guidelines.
    2. Calculate net shortages and initiate required action against members if
    required e.g. disable member accounts or withhold securities payout
    3. Facilitate the pay out process
    4. Identify all member shortages and conduct auction by 2:30 pm and the
    obligation competition by 4:30 PM.
     
    Early Pay-in
     
    1. Interface with the depositories on an hourly basis to process early pay-in by members/ custodians
    2. Carry out the processes for reckoning the early pay-in t provide benefit to members
     
    Corporate actions
     
    1. Monitor corporate actions every hour and allocate X date based on record date or book closure date.
    2. Generate and provide corporate actions, pay-in and pay-out confirmation reports to members.
    3. In F&O adjust positions according to the corporate actions

     

    Funds activities
     
    1. Conducting funds pay-in and payout for each of the segments by electronic interfacing with each of the clearing banks
    2. Ensuring pay-in and payout in adherence to the regulatory specifications
    3. Follow up with banks for shortages and taking action for shortages in
    line with specifications in this regard.
    4. Support Collection of members margins through the clearing banks
    5. Collate Weekly, monthly and ad-hoc data
     
     

Employer Profile :

  • Stock Exchange Major, gandhinagar
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