This role is critical in developing and executing a robust risk management system for our new broking platform. You will play a key part in identifying, assessing, mitigating, and monitoring risks related to equity and derivative transactions, ensuring compliance with regulatory standards. You will contribute to building a secure and reliable trading environment for our investors.
Key Responsibilities:
Risk Assessment and Analysis: Conduct detailed risk assessments across various areas of the broking operations, focusing on equity and derivative transactions. Identify potential risks (market, operational, credit, regulatory) and analyze their potential impact.
Risk Mitigation Implementation: Implement risk mitigation strategies as directed, including establishing controls, procedures, and documentation. Work with relevant teams to ensure effective implementation.
Monitoring and Reporting: Monitor key risk indicators and metrics. Prepare regular reports on risk exposures, compliance status, and the effectiveness of risk controls. Escalate potential issues to senior management.
Support Risk Framework Development: Contribute to the development and maintenance of the overall risk management framework, including policies, procedures, and risk appetite statements.
Regulatory Compliance Support: Assist in ensuring compliance with all applicable regulations related to equity and derivative trading. Stay up-to-date on regulatory changes and support the implementation of necessary adjustments to processes and systems.
Operational Risk Management Support: Support the development and implementation of Standard Operating Procedures (SOPs) for critical operational processes, focusing on risk mitigation and control. Work with operations teams to ensure adherence to these procedures.
Market Risk Monitoring: Assist in monitoring market risk, including tracking trading and position limits, margin requirements, and other relevant metrics. Identify and escalate any potential breaches or concerns.
Back Office and Settlement Support: Collaborate with back-office and settlement teams to ensure smooth and efficient operations, identifying and addressing any risk-related issues.
System Implementation Support: Work with technology teams to implement and maintain risk management systems and tools. Participate in testing and validation of system changes.
Collaboration: Work closely with other teams, including trading, operations, compliance, and technology, to ensure effective risk management practices are integrated into all aspects of the business.
Audit Support: Support internal and external audits by providing necessary information and documentation.
Requirements
Must have skill set:
5+ years of experience in risk management within broking.
Comprehensive knowledge of SEBI regulations, compliance requirements, and broking operations.
Strong quantitative and analytical capabilities to assess risk exposure and devise mitigation strategies.
Familiarity with risk assessment tools, trading platforms, and technology-driven risk management processes.
Bachelordegree in Finance, Economics, Business Administration, or a related field.
Preferred Skill set:
Advanced certifications like CFA, FRM, or CAIA
MBA in Finance or Risk Management from a reputed institution