Technology Head - Broking business

The Head of IT will be responsible for the seamless availability, reliability, and regulatory compliance of the Company's trading ecosystem. This is a high-stakes role requiring a candidate who can manage vendor-driven platforms (OMS/RMS/Back-office) while ensuring robust operational processes that cater to the needs of institutional desks and retail traders.

Location - Mumbai ( NO Relocation Allowed)

Key responsibilities

1. Platform & Vendor Management

- End-to-End Ownership: Oversee the stability and performance of trading platforms (Institutional and Retail), including Order Management Systems (OMS), Risk Management Systems (RMS), Client Onboarding, Risk Management and Back-office suites.

- Vendor Governance: Act as the primary point of contact for key vendors (e.g., Omnesys, Financial Technologies, Greeksoft, TrackWizz, LD, Shilpi, or similar).

- SLA Management: Hold vendors accountable for uptime, patch management, and the delivery of critical exchange-mandated updates.

2. Process Excellence & Tech Ops

- Operational Resilience: Establish and monitor daily "Run the Bank" checklists (Pre-market readiness, Intraday monitoring, Post-market EOD processing).

- Incident Management: Lead the response to technical outages or trade-flow disruptions, ensuring resolution and transparent stakeholder communication.

- Change Management: Implement processes for deploying updates to avoid business disruption during market hours.

3. Cross-Functional Collaboration

- Internal Liaison: Work closely with the Head of Infrastructure (for low-latency connectivity/colocation) and Head of InfoSec (for secure access and data protection).

- Product Partnership: Provide technical feasibility inputs to the Product Team to ensure new features align with the current architecture and regulatory constraints.

4. Compliance & Regulatory Oversight

- Exchange Audits: Lead technical audits conducted by SEBI, NSE, BSE, and MCX.

- Regulatory Reporting: Ensure the accuracy and timeliness of data flow for regulatory filings (e.g., trade reporting, client data submissions).

- Knowledge: Maintain an up-to-date understanding of SEBI circulars regarding algorithmic trading, cybersecurity frameworks for brokers, and system audit requirements.

Qualifications:

Professional Experience:

- 12-15+ years in Capital Markets technology, with at least 5 years in a senior leadership role within an Indian brokerage.

- Domain Expertise: Track record in managing both Institutional Equities (CTCL, FIX protocol, DMA) and Retail/HNI Broking (Internet Trading, Mobile Apps).

- Vendor Knowledge: Familiarity with the Indian vendor landscape and the nuances of their APIs and integration hurdles.

- Scale: Experience in a "growing" organization-someone who has scaled systems from thousands to hundreds of thousands of concurrent users.

Technical Competencies:

Understanding of Trading Workflows (Order-to-Cash).

Familiarity with database management and high-volume data processing.

Strong grasp of BCP/DR (Business Continuity and Disaster Recovery) drills specific to exchange requirements.