We are looking for a motivated and detail-oriented Executive to join our DP (Depository Participant) Operations team. The ideal candidate will be responsible for handling client modifications and ensuring compliance with KYC requirements.
Key Responsibilities:
Processing and verification of KYCs for Account opening and modifications
Process new client account opening requests
Process client requests for modifications to their accounts, including changes in personal information, bank details, and nomination updates.
Verify and validate the accuracy of client-provided information and documentation.
Processing of KYC submitted for Reactivation of Suspended accounts
Maintain a record of all client modifications and ensure data integrity.
KYC Compliance:
Ensure compliance with SEBI and regulatory guidelines related to KYC norms for stock broking
KRA and CKYC records to be updated
Exchange UCC records to be updated
Ensure proper filing and documentation of KYC records for audit and regulatory purposes.
Communicate effectively with clients to obtain necessary documents and information for KYC and modification processes.
Address client queries and concerns related to DP operations and KYC. Compliance and Reporting:
Stay updated with the latest regulatory changes and amendments to KYC norms.
Prepare and submit reports on KYC modifications and compliance to regulatory authorities as required.
Team Collaboration:
Collaborate with other departments, including compliance, customer service, and operations, to ensure seamless DP operations and KYC compliance.
Provide support during internal and external audits.
Qualifications and Skills:
Bachelor's degree in Commerce, Finance, or a related field.
Knowledge of SEBI regulations and DP operations in the Indian stock market.
Familiarity with KYC norms and requirements.
Strong attention to detail and accuracy in record-keeping.
Good communication with interpersonal skills.
Ability to work efficiently in a dynamic and deadline-driven environment.
Previous experience in DP operations and KYC modifications in the stock broking industry is advantageous.
SORM & DP NISM certification is added advantage.
