Head - Derivatives Operations & Risk - Financial Services

Head - Derivatives Operations & Risk - Financial Services

Job Description:

The candidate would be responsible for the following:

- Develop policy framework, processes & systems for effective risk management of the trading desk including framing and implementing Risk Management and Surveillance policies,

- Monitoring of Live & EOD Risk: Scenario VAR, Stress Testing, Option Greeks, Exposure Limits, Mark to Market limits, management of exit from F&O banned securities, etc.

- Monitoring of Margin Posted, margin utilization levels, buffers availability in stress scenarios.

- Working closely with trading team, to manage risk-limits across VAR, exposure, Margin, MTM, hedging strategies, etc.

- Working closely with Front-office (trading) and back-office (accounts, IT, operations, HR, Compliance) to ensure smooth operations and accounting for the trading desk, including broker ledger and bank reconciliation.

- Maintaining MIS reports for the trading desk.

- Ensuring stability and high performance of trading software, through regular testing and debugging with software vendors.

Qualifications:

- 10+ years of experience in Derivatives Operations & Risk Management, with a proven track record of having worked in the Indian F&O markets.

- Experience in Trading terminals and Risk Management solutions such as Greeksoft and N-Prime is required.

- Proficiency in analytical techniques and knowledge of Options Greeks is required.

- Undergraduate education in Mathematics / Engineering / Statistics is preferred. If undergraduate was not technical, post-graduate programs such as

- CA/CFA or MBA would be required.