Are you ready to lead and innovate in the dynamic world of custody operations? As a Vice President, you'll have the opportunity to shape the future of our India Head of Designated Depository Participant team. This role offers a platform for career growth, allowing you to leverage your expertise in the financial sector while working with a diverse and talented team. Join us to make a significant impact and drive excellence in client service and regulatory compliance.

As an India Head of Designated Depository Participant - Vice President within the Custody Operations team, you will manage the India Market Entry process for Foreign Portfolio Investors and oversee onboarding for all Foreign Institutional clients. You will play a crucial role in ensuring compliance with regulatory requirements and driving process efficiencies. Your leadership will foster a culture of teamwork and innovation, enhancing client experiences and managing risks effectively. Join us to lead a team that values collaboration, transparency, and excellence.

Job responsibilities:

Manage end-to-end client onboarding, including the Foreign Portfolio Investor registration processDevelop strong relationships with regulators and intermediaries, engaging in market advocacyMonitor regulatory changes, assess impacts, and lead implementation processesStay current with industry and regulatory changes, analyzing impacts on business and complianceDrive teamwork and implement process efficiencies through innovation and lean principlesManage internal and external stakeholder relationshipsPerform detailed risk and control assessments, identifying patterns and trendsLead the team in exception management, escalations, and regulatory deliverables, and encourage out-of-the-box thinking and implement feasible ideasOrganize and lead resources to deliver high-quality results under pressure.Develop strong working relationship with the Regulator and Intermediaries, and engage actively in market advocacy to navigate regulatory changes and enhance efficiency, ultimately improving the client experienceMonitor all regulatory changes, assess their impact on clients and the business, and lead the implementation process

Required qualifications, capabilities, and skills:

Bachelor's Degree.At least 15 years of work experience in the Financial Services industry, with at least 5 years in Designated Depository Participant (DDP) related roleStrong knowledge of Indian Capital Market and Banking regulations, especially Foreign Portfolio Investors regulationsSound knowledge of Reserve Bank of India (RBI) and SEBI - Know Your Customer (KYC)/Anti-Money Laundering (AML) policiesOperational subject matter expertise in Custody account opening, maintenance and closuresExperience in regulatory and corporate compliance activitiesStrong stakeholder and relationship management skillsExcellent verbal and written communication skillsProven team management and leadership abilitiesAbility to work independently and manage multiple tasks effectivelyPreferred qualifications, capabilities, and skills:Prior experience in the India Local Custody marketStrong analytical and problem-solving skillsAbility to drive process efficiencies through innovationExperience in managing regulatory deliverables and audits