AVP - Risk Management - Corporate Risk Management Group

New initiatives:

- Preparing and Raising requirements with IT team for automation of existing process for managing the Risk.

- 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.Risk assessment of new projects or new processes. Raising change request related to Risk management.

- UAT of new products or changes in existing processes to analyse the risk involved in product and building control to mitigate such risk.Taking active participation with other stakeholder in new project developments.

Risk Management of Retail segment:

- Analyzing new and existing capital market products from market risk and credit risk perspective, analyzing the possible adverse impact of identified risks, and suggesting / applying risk mitigating measures to manage those risks. Developing and implementing processes, system logics & checks for overall risk management.

- Decision making on the risk policies (which includes leveraging, limits, control etc) to be applied in various products considering the associated market risk and credit risk.

- Analysis of new changes by regulators and demonstrating the same to internal stakeholders.

- Stress testing and back testing to identify maximum loss at retail segment.Analysis of VaR by using historical VaR calcilation method.

- 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.

Others:

- Quarterly providing of Expected Credit Loss calculation as well as other risk related provisions to Finance team

- Analyzing ESOP proposals, ESOP Margin calls and framing new policies for ESOP processes.

- Preparation of Risk management committee agenda

- Backup to RMS activities (extending limits or revising limits etc.) during the day.

- Independent testing of SOX process walkthrough and test through