DBS is a leading financial services group in Asia, with a presence in 18 markets. Headquartered and listed in Singapore, DBS is at the forefront of leveraging digital technology to shape the future of banking. As a bank born and bred in Asia, DBS is committed to understanding customers' needs and providing innovative solutions.

About the Role:

DBS Custody Services is seeking a highly motivated and experienced Assistant Vice President to join our dynamic team. This role is crucial in ensuring the efficient and compliant processing of custody operations, catering to a diverse client base including Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Foreign Venture Capital Investors (FVCIs). The successful candidate will possess a deep understanding of Indian capital markets, regulatory frameworks, and depository operations.

Key Responsibilities:

Depository Participant Activities:

- Oversee and manage daily Depository Participant (DP) activities.

- Ensure timely and accurate preparation and submission of all monthly, quarterly, semi-annually and annually regulatory reports and filings to NSDL and CDSL authorities.

- Maintain strict adherence to SEBI regulations and Depository guidelines.

Market Operations & Regulations:

- Demonstrate sound knowledge of Equity and Fixed Income markets, including primary and secondary market trades for corporate bonds and government securities.

- Strong understanding of regulations pertaining to FPI, FDI, FVCI investments, and Depository Receipts processes.

- Process and manage Mutual Fund transactions for both FPI and Domestic clients.

- Sound knowledge of corporate actions processes within custody services, including but not limited to dividends, bonuses, rights issues, mergers, and acquisitions.

- Ensure accurate and timely processing and reconciliation of all corporate action events.

Account Opening & Documentation:

- Possess extremely good knowledge of account opening procedures from a SEBI perspective.

- Thorough understanding of various FPI structures (e.g., Category I, Category II, etc) and their documentation requirements.

- Proficiency in opening and managing accounts on depository systems, ensuring all necessary documentation is meticulously collected and verified.

SWIFT Messaging:

- Good knowledge and practical experience with SWIFT messages related to settlements (MT5xx series), corporate actions (MT5xx series), and cash management (MT1xx/MT2xx series).

- Ensure efficient and accurate communication with counterparties through SWIFT.

Regulatory Compliance:

- Stay updated with evolving regulatory landscapes and ensure all custody operations are in full compliance with SEBI, RBI, and other relevant governing bodies.

- Assist in internal and external audits, providing necessary documentation and explanations.

Client Servicing:

- Support client queries and provide timely and accurate information regarding their holdings and transactions.

- Collaborate with internal teams to resolve client issues and enhance service delivery.

Requirements:

- Minimum of 8 years of experience in Custody Operations or a similar role within a financial institution.

- Proven experience in Depository Participant activities, including regulatory reporting.

- In-depth knowledge of Indian capital markets, including Equity and Fixed Income.

- Strong understanding of SEBI regulations pertaining to FPIs, FDIs, FVCIs, and Depository Receipts.

- Hands-on experience with FPI account opening, documentation, and various FPI structures.

- Familiarity with mutual fund processing for both FPI and domestic clients.

- Solid understanding of corporate actions processes.