- * Facilitate the opening of Demat accounts for investors.
- * Collect the necessary documentation and information from investors to open these accounts.
Dematerialization: - * Convert physical share certificates into electronic or dematerialized form.
- * Receiving physical certificates from investors and converting them into electronic form, thereby facilitating easy trading and transfer of securities.
Rematerialization : - * Facilitate the conversion of electronic securities into physical form when required by the investor.
Documentation: - * Require to submit various documents as part of the registration process, including a business plan, organizational structure, compliance manuals, and other relevant documents.
Safekeeping of Securities: - * Responsible for the safekeeping of securities held in Demat accounts.
- * Maintain electronic records of securities held by investors, ensuring the integrity and security of these holdings.
Settlement of Trades: - * Play a crucial role in the settlement of trades executed on stock exchanges.
- * They facilitate the transfer of securities between buyers and sellers during the settlement process.
Corporate Actions: 1 Handle various corporate actions on behalf of investors, such as dividend payments, bonus issues, rights issues, and other corporate events.
2 Ensure that investors receive their entitlements in a timely manner.
Investor Services: 1 Provide various investor services, including account statements, transaction statements, holding statements, and other relevant information.
2 They also assist investors with queries and grievances related to their demat accounts.
KYC Compliance: 1 Responsible for ensuring Know Your Customer (KYC) compliance for all demat account holders.
2 Collect and verify KYC documents as per regulatory requirements.
Reporting to Depositories: 1 Report transactions and account details to the respective securities depositories regularly.
2 This ensures proper record-keeping and regulatory compliance.
Pledge and Hypothecation of Assets: 1 A depository participant is responsible for the hypothecation of securities.
Here are some common requirements typically observed:
Experience: 1 The incumbent must carry 2-5 years of experience in the securities industry as Broker, custodian or other financial intermediary.
2 Familiarity with DP secure back office Software, including Payin/Payout of Securities.
3 Handling CDAS system, DP billing, BO updates independently.
4 Resolve queries raised by the RM/ AP/ RMS/ Clients.
Certification NISM Series VI-Depository Operations
Key Skills: 1. Regulatory Compliance
2. Knowledge of Securities
3. Technology Proficiency
4. Risk Management
5. Customer Service
6. Attention to Detail
7. Communication Skills
8. Problem-Solving
