Settlements Officer Jobs in Chennai BFSI
⚡ Urgent Requirement🏢 Chennai BFSI Corridor - Where to Find These Jobs
Chennai is one of India's largest BFSI employment hubs, home to headquarters of Indian Bank, Indian Overseas Bank, and Canara Bank South Zone, along with regional offices of all major private banks, insurance companies, NBFCs, and fintech firms. The city employs over 3 lakh BFSI professionals.
Anna Salai (Mount Road), Nungambakkam, T. Nagar, Thousand Lights, and Egmore form Chennai's primary BFSI corridor. Key employers include SBI, HDFC Bank, ICICI Bank, Axis Bank, LIC, Star Health Insurance, Sundaram Finance, Shriram Finance, TVS Credit, and Muthoot Finance.
📋 Job Description
Jobzi is sourcing qualified candidates for Settlements Officer positions in Chennai BFSI companies. This role is with a leading bank, insurance company, NBFC, or financial services firm in Chennai. You will work with a dynamic team in India's growing BFSI sector with strong career progression and compensation.
📌 Key Responsibilities
- Manage equity and derivative trade settlement for institutional and retail clients
- Coordinate delivery-versus-payment (DvP) settlements through NSCCL and BSE clearing systems
- Process corporate actions including dividends, bonus, rights, and stock splits for client portfolios
- Reconcile trade confirmations, custodian statements, and depot positions daily
- Investigate and resolve settlement failures, short deliveries, and auction obligations
- Ensure compliance with SEBI settlement guidelines, margin requirements, and reporting
- Coordinate with depositories (NSDL, CDSL), custodians, and clearing members for settlement issues
🎓 Qualifications and Requirements
- B.Com/BBA/B.Tech with 2-5 years of equity or derivatives settlement experience
- Knowledge of SEBI settlement guidelines, NSCCL processes, and depository operations
- Experience with settlement systems (Omnesys, NEST, or proprietary systems)
- Understanding of DvP settlement cycles, margin calls, and auction proceedings
- NISM certifications in Equity and Currency Derivatives preferred
- Attention to detail for high-value settlement processing and exception management
- Good coordination skills for working with custodians, depositories, and clearing corporations
✅ Required Skills
🏆 Certifications Valued
NISM Series Certifications, IIBF JAIIB/CAIIB, IRDAI Insurance License, CFA Level 1-3, FRM (Financial Risk Manager), CFP (Certified Financial Planner), ACCA, CA (Chartered Accountant), AMFI ARN Certification, NCFM modules
❓ Frequently Asked Questions
Which areas in Chennai have the most BFSI jobs?
Anna Salai (Mount Road), Nungambakkam, T. Nagar, Thousand Lights, Egmore, and Guindy are Chennai's primary BFSI employment zones. Public sector bank headquarters and private bank regional offices are concentrated along this corridor.
What is the average BFSI salary in Chennai in 2026?
BFSI salaries in Chennai range from Rs.15,000 for entry-level back office roles to Rs.2,00,000+ for senior portfolio and risk management positions. Mid-level banking and insurance professionals earn Rs.35,000 - Rs.80,000 per month.
What certifications help BFSI professionals in Chennai?
NISM certifications for securities and MF roles, JAIIB/CAIIB for banking, IRDAI license for insurance, CFA for investment roles, FRM for risk management, and CFP for financial planning are the most valued credentials by Chennai BFSI employers in 2026.
What does a Settlements Officer do in Chennai brokerage firms?
Settlements Officers at Chennai brokerage houses and custodian banks manage the settlement of equity, derivative, and debt transactions executed by clients. They coordinate delivery-versus-payment with NSCCL, process corporate actions, reconcile positions, and resolve settlement failures within SEBI timelines.
What is the salary for Settlements Officer in Chennai in 2026?
Settlements Officers with 2-5 years experience earn Rs.25,000 - Rs.65,000 per month in Chennai. Senior settlement specialists and settlement managers at large custodian banks and brokerage firms earn Rs.70,000 - Rs.1,30,000.
Is settlements a growing function in Chennai's capital markets ecosystem?
Yes. Chennai has a growing capital markets operations community with custodian banks (Deutsche, BNY Mellon, HDFC Custody), large broking firms (Motilal Oswal, Zerodha operations), and fund houses running settlement operations. The growth of derivatives and institutional trading drives demand for settlement professionals.
What is the salary for Settlements Officer in Chennai 2026?
A Settlements Officer in Chennai BFSI earns between Rs.24,500 and Rs.64,500 per month in June 2026, depending on experience, employer, and specific skills.
What experience is required for Settlements Officer jobs in Chennai?
2 - 5 Years of relevant experience is required for Settlements Officer roles in Chennai BFSI companies. Knowledge of Chennai's banking, insurance, and financial services sector is an advantage.