Associate Director - Risk Management - Broking Business

Associate Director - Risk Management

- Defining products and policy for Broking Risk management.

- Defining approved securities list and classification of the same under various haircut buckets.

- Managing funding against shares.

- Understanding of Options Pricing, Options Greeks and various Options strategies.

- Thorough understanding of Capital market processes like Order & Trade management, Margin Funding, Clearing & Settlement, balancing and Reconciliation.

- Thorough Understanding of the entire trade lifecycle for Equities, Equities Derivatives, Currency Derivatives.

- Working knowledge of the SEBI and NBFC regulations.

- Working knowledge of the Stock Brokers compliance and NBFC Prudential Norms in India

- Evaluation and approval of funding against securities, Funding against financial assets portfolio (Equity, MF, Bonds), structured products.

- Defining framework for VAR calculations on derivatives trading strategies.

- Defining Risk framework for Algorithmic trading and approval of strategies under the same.

- Defining various frameworks under Broking Risk which covers Client, Dealer and Broker level default and adhoc limit policy.

- Defining Risk parameters on trading system (Omnesys) for various Delivery and Intraday trading products.

- Ensuring daily smooth functioning of various daily Risk processes which covers T+5 and Risk liquidation, trade modifications etc.

- Working with internal IT team for Automations of processes for Risk department.

- Carrying out stress testing on open exposure, periodic back testing and reporting deviations on the same to top management.

- Defining operational risk management framework and carrying out Operational Risk assessment.

- Driving exception reporting culture and reporting exception to management in precise format.

- Working with resources team for optimum utilization of capital.

- Ensuring documentation of Risk parameters, Credit approval processes and other Internal control mechanism.