Job Description
Job requisition ID :: 91433
Date: Nov 9, 2026
Location: Mumbai
Designation: Senior Consultant
Entity: Deloitte India Advisory Services Private
Your potential, unleashed.
India’s impact on the global economy has increased at an exponential rate and Deloitte presents an opportunity to unleash and realize your potential amongst cutting edge leaders, and organizations shaping the future of the region, and indeed, the world beyond.
At Deloitte, your whole self to work, every day. Combine that with our drive to propel with purpose and you have the perfect playground to collaborate, innovate, grow, and make an impact that matters.
The Team
Deloitte’s Technology & Transformation practice can help you uncover and unlock the value buried deep inside vast amounts of data. Our global network provides strategic guidance and implementation services to help companies manage data from disparate sources and convert it into accurate, actionable information that can support fact-driven decision-making and generate an insight-driven advantage.
Summary:
Functional Domain Expert – Clearing & Settlement
Location: Mumbai, India
Experience: 8 – 12 years
Department: Clearing, Settlement & Risk Management Systems
About the Role
Deloitte is seeking a highly skilled Functional Domain Expert in the area of Clearing and Settlement. The ideal candidate will have deep experience in post-trade operations and settlement systems across equities, derivatives, debt, or mutual fund segments. This role will focus on strengthening BSE’s clearing and settlement architecture, driving process improvements, and liaising with technology and business teams to ensure robust operational excellence.
Key Responsibilities
1. Functional Expertise
Serve as the subject matter expert (SME) for clearing, settlement, and post-trade operations.
Define and validate functional requirements for clearing & settlement modules across asset classes.
Evaluate and design clearing workflows, participant margining, collateral management, pay-in/pay-out, and risk settlement cycles.
Ensure compliance with SEBI, RBI, and international clearing regulations (CPMI-IOSCO principles).
2. Process and System Analysis
Translate business requirements into functional specifications for system enhancements or new modules.
Collaborate with IT and product teams to ensure accurate implementation and testing of clearing and settlement functionalities.
Review functional designs, test cases, and UAT results to ensure system integrity and accuracy.
3. Stakeholder Management
Engage with clearing members, custodians, depositories, and settlement banks to resolve operational issues.
Serve as a liaison between business users, clients, and internal technology teams to ensure smooth delivery and post-implementation support.
Conduct user workshops and training sessions for internal and external stakeholders.
4. Regulatory & Compliance Alignment
Interpret and operationalize regulatory circulars from SEBI, RBI, and other authorities.
Ensure all system changes align with BSE’s risk management framework and regulatory requirements.
Support audits and regulatory inspections by providing domain insights and documentation.
5. Continuous Improvement
Drive automation and digital transformation initiatives within clearing and settlement processes.
Benchmark global clearing systems (e.g., LCH, NSCCL, ICE Clear) and recommend enhancements.
Identify process bottlenecks and propose solutions to improve settlement efficiency and reduce operational risk.
Key Skills and Competencies
Domain Expertise: In-depth understanding of clearing and settlement cycles, margining, collateral management, and risk handling.
Industry Experience: Prior experience in a stock exchange, clearing corporation, depository, or a large financial institution with clearing & settlement exposure.
Functional Analysis: Strong capability to write BRDs/FSDs, validate UAT scenarios, and coordinate with IT for functional validation.
Client Management: Excellent communication skills with proven experience in handling institutional clients and clearing members.
Regulatory Knowledge: Familiarity with SEBI, RBI, and depository regulations governing securities settlement.
Tools: Exposure to clearing & settlement platforms (e.g., NSCCL, ICCL, CDSL, or similar systems).
Qualifications
Bachelor’s degree in Finance, Commerce, Economics, or Engineering.
Postgraduate qualification (MBA/CA/FRM) preferred.
8–10 years of experience in clearing, settlement, or post-trade domain with a reputed exchange, clearing corporation, or securities operations unit.
Desirable Attributes
Proven track record in functional design and implementation of clearing modules.
Strong analytical, documentation, and presentation skills.
Ability to manage cross-functional stakeholders in a high-regulation environment.
Passion for innovation in capital markets infrastructure and technology modernization.
How you’ll grow
Connect for impact
Our exceptional team of professionals across the globe are solving some of the world’s most complex business problems, as well as directly supporting our communities, the planet, and each other. Know more in our Global Impact Report and our India Impact Report.
Empower to lead
You can be a leader irrespective of your career level. Our colleagues are characterised by their ability to inspire, support, and provide opportunities for people to deliver their best and grow both as professionals and human beings. Know more about Deloitte and our One Young World partnership.
Inclusion for all
At Deloitte, people are valued and respected for who they are and are trusted to add value to their clients, teams and communities in a way that reflects their own unique capabilities. Know more about everyday steps that you can take to be more inclusive. At Deloitte, we believe in the unique skills, attitude and potential each and every one of us brings to the table to make an impact that matters.
Drive your career
At Deloitte, you are encouraged to take ownership of your career. We recognise there is no one size fits all career path, and global, cross-business mobility and up / re-skilling are all within the range of possibilities to shape a unique and fulfilling career. Know more about Life at Deloitte.
Everyone’s welcome… entrust your happiness to us
Our workspaces and initiatives are geared towards your 360-degree happiness. This includes specific needs you may have in terms of accessibility, flexibility, safety and security, and caregiving. Here’s a glimpse of things that are in store for you.
Interview tips
We want job seekers exploring opportunities at Deloitte to feel prepared, confident and comfortable. To help you with your interview, we suggest that you do your research, know some background about the organisation and the business area you’re applying to. Check out recruiting tips from Deloitte professionals.
Date: Nov 9, 2026
Location: Mumbai
Designation: Senior Consultant
Entity: Deloitte India Advisory Services Private
Your potential, unleashed.
India’s impact on the global economy has increased at an exponential rate and Deloitte presents an opportunity to unleash and realize your potential amongst cutting edge leaders, and organizations shaping the future of the region, and indeed, the world beyond.
At Deloitte, your whole self to work, every day. Combine that with our drive to propel with purpose and you have the perfect playground to collaborate, innovate, grow, and make an impact that matters.
The Team
Deloitte’s Technology & Transformation practice can help you uncover and unlock the value buried deep inside vast amounts of data. Our global network provides strategic guidance and implementation services to help companies manage data from disparate sources and convert it into accurate, actionable information that can support fact-driven decision-making and generate an insight-driven advantage.
Summary:
Functional Domain Expert – Clearing & Settlement
Location: Mumbai, India
Experience: 8 – 12 years
Department: Clearing, Settlement & Risk Management Systems
About the Role
Deloitte is seeking a highly skilled Functional Domain Expert in the area of Clearing and Settlement. The ideal candidate will have deep experience in post-trade operations and settlement systems across equities, derivatives, debt, or mutual fund segments. This role will focus on strengthening BSE’s clearing and settlement architecture, driving process improvements, and liaising with technology and business teams to ensure robust operational excellence.
Key Responsibilities
1. Functional Expertise
Serve as the subject matter expert (SME) for clearing, settlement, and post-trade operations.
Define and validate functional requirements for clearing & settlement modules across asset classes.
Evaluate and design clearing workflows, participant margining, collateral management, pay-in/pay-out, and risk settlement cycles.
Ensure compliance with SEBI, RBI, and international clearing regulations (CPMI-IOSCO principles).
2. Process and System Analysis
Translate business requirements into functional specifications for system enhancements or new modules.
Collaborate with IT and product teams to ensure accurate implementation and testing of clearing and settlement functionalities.
Review functional designs, test cases, and UAT results to ensure system integrity and accuracy.
3. Stakeholder Management
Engage with clearing members, custodians, depositories, and settlement banks to resolve operational issues.
Serve as a liaison between business users, clients, and internal technology teams to ensure smooth delivery and post-implementation support.
Conduct user workshops and training sessions for internal and external stakeholders.
4. Regulatory & Compliance Alignment
Interpret and operationalize regulatory circulars from SEBI, RBI, and other authorities.
Ensure all system changes align with BSE’s risk management framework and regulatory requirements.
Support audits and regulatory inspections by providing domain insights and documentation.
5. Continuous Improvement
Drive automation and digital transformation initiatives within clearing and settlement processes.
Benchmark global clearing systems (e.g., LCH, NSCCL, ICE Clear) and recommend enhancements.
Identify process bottlenecks and propose solutions to improve settlement efficiency and reduce operational risk.
Key Skills and Competencies
Domain Expertise: In-depth understanding of clearing and settlement cycles, margining, collateral management, and risk handling.
Industry Experience: Prior experience in a stock exchange, clearing corporation, depository, or a large financial institution with clearing & settlement exposure.
Functional Analysis: Strong capability to write BRDs/FSDs, validate UAT scenarios, and coordinate with IT for functional validation.
Client Management: Excellent communication skills with proven experience in handling institutional clients and clearing members.
Regulatory Knowledge: Familiarity with SEBI, RBI, and depository regulations governing securities settlement.
Tools: Exposure to clearing & settlement platforms (e.g., NSCCL, ICCL, CDSL, or similar systems).
Qualifications
Bachelor’s degree in Finance, Commerce, Economics, or Engineering.
Postgraduate qualification (MBA/CA/FRM) preferred.
8–10 years of experience in clearing, settlement, or post-trade domain with a reputed exchange, clearing corporation, or securities operations unit.
Desirable Attributes
Proven track record in functional design and implementation of clearing modules.
Strong analytical, documentation, and presentation skills.
Ability to manage cross-functional stakeholders in a high-regulation environment.
Passion for innovation in capital markets infrastructure and technology modernization.
How you’ll grow
Connect for impact
Our exceptional team of professionals across the globe are solving some of the world’s most complex business problems, as well as directly supporting our communities, the planet, and each other. Know more in our Global Impact Report and our India Impact Report.
Empower to lead
You can be a leader irrespective of your career level. Our colleagues are characterised by their ability to inspire, support, and provide opportunities for people to deliver their best and grow both as professionals and human beings. Know more about Deloitte and our One Young World partnership.
Inclusion for all
At Deloitte, people are valued and respected for who they are and are trusted to add value to their clients, teams and communities in a way that reflects their own unique capabilities. Know more about everyday steps that you can take to be more inclusive. At Deloitte, we believe in the unique skills, attitude and potential each and every one of us brings to the table to make an impact that matters.
Drive your career
At Deloitte, you are encouraged to take ownership of your career. We recognise there is no one size fits all career path, and global, cross-business mobility and up / re-skilling are all within the range of possibilities to shape a unique and fulfilling career. Know more about Life at Deloitte.
Everyone’s welcome… entrust your happiness to us
Our workspaces and initiatives are geared towards your 360-degree happiness. This includes specific needs you may have in terms of accessibility, flexibility, safety and security, and caregiving. Here’s a glimpse of things that are in store for you.
Interview tips
We want job seekers exploring opportunities at Deloitte to feel prepared, confident and comfortable. To help you with your interview, we suggest that you do your research, know some background about the organisation and the business area you’re applying to. Check out recruiting tips from Deloitte professionals.
💡 Quick Summary
Seeking a career-building opportunity? The T&T - Customer - CS&D - Senior Consultant | BA - General Banking position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
