Risk Management - Broking
MumbaiOn-site
AI Summary
Lead Market Risk and Margin Trading Facility (MTF) risk functions for a broking firm, developing risk frameworks, monitoring exposures, ensuring regulatory compliance, and safeguarding the organization against market-related risks.
About this role
About the Role:
We are looking for an experienced Risk Management professional to lead and strengthen our Market Risk and Margin Trading Facility (MTF) risk functions. The role will be responsible for developing robust risk frameworks, monitoring trading and client exposures, ensuring regulatory compliance, and safeguarding the organization against market-related risks while enabling sustainable business growth.
Key Responsibilities:
Market Risk Management -
- Develop, implement, and continuously enhance market risk management frameworks across Equity, Derivatives, and Margin Trading Funding (MTF) businesses.
- Monitor and assess market risk exposures arising from cash equities, futures, options, and leveraged products.
- Establish and review risk limits, exposure thresholds, concentration limits, and margin policies.
- Track key risk indicators (KRIs) and ensure timely escalation of potential risk events.
MTF & Exposure Risk Management:
- Manage client-level and portfolio-level risks associated with Margin Trading Funding (MTF).
- Define collateral eligibility, haircut frameworks, and funding exposure limits.
- Monitor leveraged positions and ensure adequate margin coverage across client portfolios.
- Evaluate concentration risks and implement preventive controls to minimize losses.
Risk Analytics & Monitoring:
- Conduct stress testing, scenario analysis, and sensitivity assessments under varying market conditions.
- Develop risk models and analytical tools to evaluate portfolio resilience during periods of volatility.
- Analyze trading patterns, market trends, and exposure data to identify emerging risks.
- Drive automation and real-time risk monitoring capabilities across trading systems.
Regulatory Compliance & Governance:
- Ensure compliance with SEBI, NSE, BSE, Clearing Corporation, and other applicable regulatory requirements.
- Oversee risk-related regulatory reporting, including exposure monitoring, margin compliance, and CTCL reporting.
- Coordinate with internal compliance, operations, technology, and audit teams to ensure adherence to risk governance standards.
- Support regulatory audits and inspections by providing required risk documentation and reports.
Stakeholder Management:
- Partner closely with Trading, Product, Operations, Compliance, Technology, and Business teams to implement effective risk controls.
- Provide actionable risk insights to senior leadership and support strategic decision-making.
- Collaborate with exchanges, clearing corporations, and external stakeholders on risk-related matters.
Desired Candidate Profile:
- QualificationsBachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related discipline.
- Professional certifications such as FRM, CFA, PRM, or NISM certifications will be preferred.
Experience:
- 8–12+ years of experience in Market Risk, Trading Risk, Exposure Management, or Risk Analytics within Stock Broking, Capital Markets, Investment Platforms, or Financial Services.
- Strong understanding of Equity, F&O, Margin Trading Funding (MTF), collateral management, and leverage products.
- Experience working with exchange risk frameworks, margining systems, and regulatory requirements.
Skills & Competencies:
- Strong analytical and quantitative problem-solving skills.
- Deep understanding of market microstructure, risk controls, and exposure management.
- Proficiency in SQL, Excel, BI tools, and risk reporting systems.
- Ability to interpret large datasets and derive actionable risk insights.
- Strong stakeholder management and communication skills.
- Ability to perform effectively in a fast-paced, high-volume trading environment.
Success Metrics:
- Effective management of market and MTF risk exposures.
- Timely identification and mitigation of emerging risk events.
- Regulatory compliance with zero material observations.
- Accuracy and effectiveness of risk monitoring and reporting frameworks.
- Improvement in risk automation, controls, and operational efficiency.
- Strong portfolio resilience during periods of market volatility.
Skills
BI ToolsBSECFAClearing CorporationCollateral ManagementCTCL ReportingExcelFRMHaircut FrameworksMargin PoliciesNISMNSEPRMRisk ModelsRisk Reporting SystemsScenario AnalysisSEBISensitivity AnalysisSQLStress Testing
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