Website Univest
Role Overview:
We are looking for a highly capable Lead – DP & KYC with core experience in the discount broking sector. You will be responsible for overseeing end-to-end Depository Operations (CDSL/NSDL) and digital KYC processes. You will lead a dedicated team to deliver friction-free customer onboarding, maintain strict regulatory compliance (SEBI, Depositories, Exchanges), and optimize operational efficiency.
Key Responsibilities:
1. KYC & Customer Onboarding:
– Lead the end-to-end e-KYC, Video KYC (VKYC), CKYC, and physical KYC operations to ensure seamless client onboarding.
– Implement automated verification checks (Aadhaar, PAN, Bank, KRA) to minimize drop-offs while maintaining high accuracy.
– Ensure full compliance with SEBI, KRA, and PMLA (Anti-Money Laundering) guidelines.
– Oversee periodic KYC updates, modification requests, and account closure workflows.
2. Depository Participant (DP) Operations:
– Manage daily DP operations (CDSL/NSDL), including Demat account opening, account maintenance, pledge/unpledge requests, and dematerialization/rematerialization.
– Coordinate corporate actions, transfers (DIS/e-DIS), Off-market transfers, and margin pledge workflows.
– Ensure accurate daily reconciliation between DP records, back-office broking ledgers, and depository systems.
– Handle DP audits (internal, external, and depository inspections) and draft timely responses to queries.
3. Process Optimization & Automation:
– Work closely with product and technology teams to automate manual KYC and DP processes, enhancing onboarding speed and accuracy.
– Track operational KPIs (e.g., turnaround time, approval rates, error rates) and continuously optimize workflows.
4. Regulatory Compliance & Risk:
– Act as the primary point of contact for DP and KYC regulatory reporting to CDSL, NSDL, SEBI, and KRAs.
– Maintain complete documentation and audit trails for all client accounts and depository transactions.
– Stay updated on evolving SEBI and depository directives regarding KYC, Demat, and client data protection.
5. Team Leadership & Stakeholder Management:
– Lead, train, and mentor a high-performing operations team.
– Resolve escalated client tickets related to Demat accounts, KYC rejections, and transfer issues.
Required Candidate Profile:
– Industry Experience: 5 – 9 years of experience in DP and KYC operations specifically within a Discount Broking firm.
– Technical Knowledge: Deep working knowledge of CDSL and/or NSDL portals, back-office broking software, and KRA/CKYC platforms.
– Regulatory Expertise: Hands-on understanding of SEBI guidelines, PMLA rules, e-KYC/VKYC norms, and depository regulations.
– Tech-Savvy: Strong appreciation for product automation, digital onboarding funnels, and API-driven operational workflows.
– Problem-Solving Skills: Excellent analytical ability to resolve operational bottlenecks and handle complex DP cases.
– Education: Bachelor’s degree in Business, Finance, Commerce, or a related field. NISM certifications (NISM Series VI – Depository Operations) are highly preferred.
To apply for this job please visit www.iimjobs.com.
Applying? Get your resume ready first: build or download your TCI resume.
