Narayan Sartape
Operation Professional
Navi Mumbai
Summary
Dynamic and results-oriented professional with over 20 years of extensive experience in broking operations and risk management across retail, HNI, and institutional environments. Expertise in driving operational excellence, strengthening governance frameworks, and enhancing organizational reputation through robust operational controls and strategic process improvements. Demonstrated proficiency in equity, currency, and commodity operations, ensuring seamless execution and compliance throughout the end-to-end trade lifecycle while managing regulatory audits and evolving compliance frameworks. Recognized for strategic thinking and problem-solving abilities that deliver sustainable business outcomes through process optimization, technology adoption, and strong stakeholder management.
Overview
21
21
years of professional experience
3
3
Language
Work History
DVP Broking Operation
Nuvama Wealth and Investment Ltd
01.2022 - Current
- Experienced Broking Operations professional with strong expertise in end-to-end securities operations across equity and derivatives segments
- Proven track record in managing settlement operations, ensuring accurate and timely trade processing
- Hands-on experience in pay-in and payout management and reconciliation of client fund accounts
- Skilled in margin monitoring and margin shortfall reporting, ensuring compliance with exchange and regulatory requirements
Expertise in segregation of client funds and securities in line with regulatory norms and internal control policies - Proficient in preparing and analyzing allocation reports, reconciliation statements, and MIS reports for management
Strong capability in risk monitoring, identifying exposures, and implementing effective risk mitigation strategies - Experienced in trade surveillance, detecting unusual or suspicious trading activities, and ensuring compliance with internal policies
- Adept at coordinating with exchanges, clearing members, and internal stakeholders for smooth operational flow.
- Demonstrated leadership in managing teams, improving operational efficiency, and strengthening internal controls. Well-versed in audit processes, regulatory compliance, and documentation standards within the broking industry.
- Handling multiple products while providing business support through effective operations management and proactive risk mitigation for each product.
- Self-driven, with a strong sense of personal accountability.
- Demonstrates exceptional verbal and written communication abilities.
- proven capability to learn rapidly and adapt to new environments.
- versatile and skilled in rapidly acquiring new concepts and techniques.
- Leveraged strong analytical and problem-solving skills to formulate effective solutions for challenging situations.
Asst. Vice President - Risk Management
Kotak Securities Ltd.
02.2021 - 01.2022
- Managing Risk of Online and Offline clients so that timely margin calls would be given and position would be liquidated without risk.
- Repledging Portfolio created for KSL appx. 1000 crore and handling single handedly the process.
- Preparing MIS for top management for various products on a daily basis.
- Coordination with different teams along with Settlement/KYC/DP for timely submission of exchange reporting.
- Transformation of backoffice software for KSBL i.e. Testing of software for various processes of Risk.
- Product has designed which needs to be cultivated into robust software so that it could be well supported to succeed in various ways i.e. Client Centricity, Risk Management, Operation Feasibility, and Compliance Oriented.
Asst. Vice President - Equity & Commodity Settlement
Edelweiss Broking Ltd.
12.2012 - 01.2021
- Instrumental in Handling Commodities & Equity desk in Edelweiss group i.e Recruitment, Risk management, Operation, Software development, Banking, KYC, Demat Operation, Compliance handling etc
- Product has designed which needs to be cultivated into robust software so that it could be well supported to succeed in various way i.e. Client Centricity, Risk Management, Operation Feasibility, Compliance Oriented.
- Create awareness about Equity & Commodity for giving training to the Branches/CXO/AP/Clients about various products/processes of Edelweiss.
- Instrumental in handling Exchanges Audit for both the segments with good understanding of compliance regulations.
- Handling Corporate actions like Bonus, Rights, Split, Buyback...etc
- Design various types of MIS for top management to provide the update on the product/processes challenges of Ops team.
- Instrumental in starting delivery trading in various commodities like Gold, Silver, Cocud, Cotton, Guar gum, Guar seed, Jeera, Turmeric...etc
- Smooth transformation of software for Equity & Commodity segment i.e. Class to Beats & Beats to I Beats, Share link to class. It includes movement of Database, testing of software, and creation of new database...etc.
- Handling Internal/Exchange/SEBI inspections with keeping proper accounting, operations and comply with compliance.
- Handled various roles at Edelweiss for smooth functioning of department in Settlement, NBFC, End to End Commodity operation, and Surveillance for specific task.
- Handling Risk related activities of Equity/Commodities/Currencies for across India clients meeting Reporting of Margin Shortfall, Daily MTM, and Fund Positions, Exposures to clients.
- Documented SOPs of all the important activities which required to be presented to Top Management.
- Involvement in designing various types of product which can be effective to generate revenues & also reduce cost of company like ADB, SMTF, Physical Delivery, Third Party FDR...etc
Head Commodities Operation & Risk
PL Commodity Markets Pvt. Ltd.
06.2011 - 12.2012
- Instrumental in Setting up a Commodities desk in PL Group i.e Recruitment, Risk management, Operation, Software development, Banking, KYC etc.
- Strong checking and reconciliation of commodity stock i.e. Gold, Silver...Etc. Having an sound knowledge of procedures of exchange for BG, collaterals...etc.
- Market studies about commodities products among the competitor and to made better products for a clients.
- Interacting with AP across india and to know their concern to make aware about the products and their importance.
- Conducting training of commodities/currencies in PAN India branches.
- Ensuring smooth delivery operations in commodities and reduce the risk of company by settling default deliveries into physical market.
- Instrumental in setting up software development for commodities/currencies business.
- Handling exchange/FMC inspections with keeping proper accounting, operations and comply with compliance.
- Face of PL in all Commodities exchanges for smooth functioning of operations, risk management, compliance & finance related queries
- Handling Risk management of Commodities/Currencies for across India clients meeting daily MTM, Fund Positions. Keeping closely monitor their positions so that it should not cross the client wise as well Member wise limits.
- Providing dealing support and training to all the branches/AP/Clients across regions.
- Setting up a delivery desk for commodities segment and involved in sales tax registration process of various states.
Manager
Angel Broking Limited
11.2009 - 06.2011
- Handling All Over India Operations of Commodities /Currencies for Angel Commodities Broking Pvt. Ltd.
- Job involves Risk management of Commodities/Currencies for across India clients meeting daily MTM, Fund Positions. Keeping closely monitor their positions so that it should not cross the client wise as well Member wise limits.
- Ensuring smooth delivery operations in commodities like Gold, Silver, Steel, Guar gum, Chana, Potato, RMSEED, MenthaOil, Potato, Jeera, Cardamom, Almond...Etc. in MCX,NCDEX exchanges.
- Smooth process of physical delivery of clients from depositing goods into exchange accredited warehouse to delivery on exchange platform in various commodities i.e. Guar gum, Guarseed, Chana, Potato, MenthaOil, Cardamom, Steel, Almond... Etc
- Having contacts with physical traders & exchange warehouses in major states i.e. Indore, AP, Kerala, Maharashtra, Delhi, Gujrat so that it could be better to settle the expire goods into physical market at better prices. It could also reduces risk of Angel.
- Reconciliation of DP Stocks with the holdings and timely ensuring billing of warehousing charges, Exchange dues, DP Charges.
- Reconciliation of Vallan Sauda details from our Class software monthly calculating transaction charges of exchanges like NCDEX, MCX levy in our broker books.
- Ensuring of VAT Returns on Monthly, Quarterly, Half Yearly of Rajasthan, Kerala, Mumbai, Delhi, and Indore where Angel registered as a C & F agent for settlement of delivery.
- Handling Annual Compliance Report, FMC Audit, and Internal inspection in commodities for Angel Commodities Broking Pvt Ltd.
- Create awareness about Commodities/Currencies across India by giving them training & developments.
- Face of Angel in all Commodities exchanges for smooth functioning of operations, risk management, compliance & finance related queries.
- Educating the clients/management by circulating the important circulars and aware about the impact about the same.
Asst. Manager
Anand Rathi Commodities Ltd
02.2006 - 11.2009
- Preparing Daily/Monthly Domestic & International MIS for Ms. Priti Gupta (Director, ARCL)
- Monitoring Daily Fund Position/Risk management of all the clients with coordination over 250 franchisees/branches.
- Worked on various products including product based Gold Financing for developing commodities business and its operations.
- Actively involved in documentation of taking membership in National Spot Exchange Ltd (NSEL), NCDEX Spot Exchange, and DGCX.
- Involved into operations as well as compliance related works of ARCL in coordination with NCDEX, MCX, NSEL, NCDEX Spot, DGCX.
- Ensuring timely submission of ACR (Annual Compliance Reports), Net Worth certificate and other important exchange documentation.
- Ensuring smooth delivery operations in commodities like Gold, Silver, Steel, Guar gum, Chana, RMSEED, MenthaOil, Potato, Jeera, Cardamom, Almond...Etc. in MCX,NCDEX exchanges. Issuance of invoices, debit notes and other delivery related documents to the counter parties after the settlements.
- Settled the clients account by passing the entries like Transactional Charges, Quality/Quantity workings, DP Charges, Warehousing Charges, Delay payment charges...etc.
- Looking after DGCX (Dubai Gold Commodity Exchange) operations activity like uploading a trade file, contract note and calculating a profit and loss, ledger balances, transfer of funds into other a/c through online. Doing revenue workings of International arbitrage clients.
- Handling exchanges as well as FMC Audit Inspection for the commodities exchanges.
- ARCL is majorly doing delivery based business so involve into documentation process of various registration required for taking delivery in all over the India.
- Settlement of books of accounts of ARCL as well as C & F agent commission (KMPL) by passing necessary entries.
- Training and development of new joiners and resolving problems faced by them in the initial phases.
Unit Manager
ICICI Comm Trade Ltd
02.2005 - 02.2006
- Responsible for taking the trade orders from the clients of NCDEX neat terminal
- Co-ordinating with Account opening dept & Activating DBC (Direct Business Catalyst) of all over India
- Responsible for handling back office operations, Making daily MIS and sending to the General Manager of ICICI Comm Trade Ltd.
- Co-ordinating with the Risk & Compliance Dept for daily MTM (Mark to market)
- Involve into coordination between various research houses for getting desired calls for trading.
Education
M.B.A -
Lala Institute of Management Studies
01-2009
LLB - undefined
Thane College
Skills
Higher diploma in software engineering
Experienced in programming languages and software tools
E-Computer certification, Grade A
AI certification
References
Available on request
ADDITIONAL ATTRIBUTES
- Excellent interpersonal and communication skills.
- Time management abilities and ability to work in a fast-paced environment.
- Team leader & asset to a company.
Timeline
DVP Broking Operation
Nuvama Wealth and Investment Ltd
01.2022 - Current
Asst. Vice President - Risk Management
Kotak Securities Ltd.
02.2021 - 01.2022
Asst. Vice President - Equity & Commodity Settlement
Edelweiss Broking Ltd.
12.2012 - 01.2021
Head Commodities Operation & Risk
PL Commodity Markets Pvt. Ltd.
06.2011 - 12.2012
Manager
Angel Broking Limited
11.2009 - 06.2011
Asst. Manager
Anand Rathi Commodities Ltd
02.2006 - 11.2009
Unit Manager
ICICI Comm Trade Ltd
02.2005 - 02.2006
LLB - undefined
Thane College
M.B.A -
Lala Institute of Management Studies