# Assistant Vice President Liabilities and Demat Operations **Company**: Intl Wealth & Premier Banking **Location**: Mumbai, Maharashtra **Experience**: senior **Job type**: full-time **Category**: Finance **Industry**: Finance **Apply**: https://portal.careers.hsbc.com/careers/job/563774612519786?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply **Canonical**: https://yubhub.co/jobs/job_5fd34274-5d1 ## Description Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. International Wealth and Premier Banking (IWPB) helps deliver on HSBC’s purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities, and exceptional people. ## Role Purpose The role holder will provide dedicated end-to-end ownership of the operational, regulatory, governance and control requirements across the Liabilities and Demat businesses. ## Principal Responsibilities - Provide independent oversight of day-to-day operations across CASA, Term Deposits, FCNR and other liability products. - Own end-to-end Demat/DP operations, including account opening, maintenance, transactions, documentation, reconciliation, exception management and closure. - Translate applicable RBI, SEBI, NSDL, depository and other regulatory requirements into timely changes to processes, systems, operating instructions and controls. - Ensure adherence to approved product programmes, standard operating procedures, operating processes and relevant regulatory requirements. - Maintain product documentation, SOPs, operating instructions, control frameworks, regulatory trackers, evidence repositories, MIS and governance records. - Manage operational exceptions, customer-impacting issues, control gaps and remediation actions through to closure. ## Customers / Stakeholders - Act as the principal contact for Liabilities and Demat operational and regulatory matters across Operations, Compliance, Legal, Technology, Risk, Finance, Treasury, the business and relevant depositories. - Coordinate responses to regulatory queries, inspections, internal and external audits, and compliance reviews. - Drive cross-functional actions independently, secure clear ownership and deliver within agreed timelines. - Provide concise management reporting on key operational risks, regulatory actions, exceptions and outstanding deliverables. - Promote disciplined execution, clear accountability and strong collaboration across first- and second-line stakeholders. - Provide subject-matter guidance on Liabilities and Demat operating, regulatory and control requirements. - Influence stakeholders to resolve issues promptly and embed sustainable process improvements. ## Operational Effectiveness & Control - Conduct periodic process and control reviews to identify operational and regulatory risks. - Own audit and inspection observations, agree remediation plans and ensure timely, evidenced closure. - Monitor implementation of regulatory and product changes and confirm that required controls operate effectively. - Proactively identify and escalate material operational, regulatory, conduct or control risks. - Regulatory and business deliverables completed within prescribed timelines. - Timely and sustainable closure of audit, inspection, compliance and control actions. - Accuracy and completeness of regulatory trackers, governance records, evidence and management information. - Reduction in repeat exceptions, overdue actions and material control gaps. - Effective implementation of regulatory, product and process changes with appropriate documentation and stakeholder sign-off. - Positive stakeholder feedback and effective escalation of material risks. ## Role requirements / Educational Qualifications /Certification / Experience: - Graduate or postgraduate qualification, with relevant experience in banking or financial services, preferably across Liabilities, Banking Operations, Product Management and/or Demat/DP Operations. - Strong knowledge of deposit products and applicable RBI requirements, together with SEBI, NSDL, depository and other regulatory requirements relevant to Demat/DP operations. - Demonstrated experience in regulatory implementation, audits, inspections, operational risk, controls and remediation. - Ability to interpret regulatory requirements and translate them into practical processes, systems, operating instructions and controls. - Strong analytical, problem-solving, planning, communication and stakeholder-management capabilities. - Proven ability to work independently, manage competing priorities and drive actions to closure. - Mandatory NISM certification relevant to the Demat/DP responsibilities of the role, maintained as valid throughout the appointment. - Prior experience in a regulated banking environment is preferred. ## Skills ### Required - RBI - SEBI - NSDL - Demat/DP operations - regulatory implementation - audits - inspections - operational risk - controls - remediation - analytical - problem-solving - planning - communication - stakeholder-management ### Nice to have - AI-enabled tools --- Source: [Apply at portal.careers.hsbc.com](https://portal.careers.hsbc.com/careers/job/563774612519786?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)