AVP / DVP - Fund Accounting & Custody Operations (Multifonds / NSDL)

Our client is one of India's premier Tier-1 private sector commercial banks and a market leader across wholesale banking and capital markets. The bank is hiring across 3 critical leadership functions for its institutional operations center in Goregaon, Mumbai.

Total Vacancies: 10 Openings across 3 specialized tracks

Compensation: AVP Roles: 27 LPA Fixed + Performance Bonus | DVP Roles: Open for negotiation based on experience

Track 1: AVP Custody Settlements (1 Opening)

• Experience: 8 10+ Years in Custody Operations | Team Span: 45 Direct Reportees
• Core Responsibilities:
• Manage Clearing Corporation trade confirmations (NCL / ICCL) and Early Pay-In (EPI) of funds and securities via NSDL.
• Supervise trade settlement pipelines for Portfolio Management Services (PMS), domestic FDI clients, broker contract notes, and corporate debt trades.
• Oversee gross/net margin payments, ensure strict adherence to exchange cut-offs, and maintain audit-ready internal controls.
• Mandatory Requirement: Direct operational experience handling trade settlements specifically for Domestic Custodial Clients (Mutual Funds, AIFs, PMS). Pure offshore/FPI desk or retail broking profiles will not qualify.

Track 2: AVP Custody Corporate Actions (1 Opening)

• Experience: 8 10+ Years in Custodial Corporate Actions | Team Span: ~4 Direct Reportees
• Core Responsibilities:
• End-to-end execution of voluntary corporate actions: Buybacks, Offers for Sale (OFS), Open Offers, and Rights Issues.
• Execute institutional bidding on exchange tender offer windows (NSE/BSE).
• Process primary market events (IPO, FPO, QIP, ASBA, Call Money) and ensure FDI/FVCI regulatory compliance.
• Supervise high-value fund transfers, daily Mutual Fund subscription/redemption flows, and custody software UAT.
• Mandatory Requirement: Direct operational experience executing corporate actions for Domestic Custody Clients. Retail depository profiles will not qualify.

Track 3: AVP & DVP Fund Accounting / NAV (8 Openings: 6 AVP, 2 DVP)

• Experience: AVP: 5 10 Years | DVP: 10 – 15 Years | Team Span: 3–4 Direct Reportees
• Core Responsibilities:
• Lead UAT testing, parameterization, and implementation of the Multifonds application.
• Establish accounting workflows, chart of accounts, and valuation controls for newly onboarded domestic AMCs.
• Oversee daily portfolio valuation, expense accruals, and statutory NAV release cut-offs.
• Ensure full compliance with SEBI (Mutual Funds) Regulations and AMFI guidelines.
• Mandatory Requirement: Live, hands-on operational experience on the Temenos Multifonds application for Domestic Mutual Fund NAV calculation and valuation. Candidates from domestic custody/accounting desks (such as SBI-SG, HDFC Bank, HSBC, StanC, Deutsche Bank, or Citi) are preferred.