Head - Risk & Analytics - Derivatives Operations & Risk Management

Job Description:

The candidate would be responsible for the following:

Market & Trading Risk Oversight:

- Monitor exposures across equity derivatives (futures, options, spreads, volatility trades, etc.).

- Track key risk metrics: Greeks, Value-at-Risk (VaR), stress/scenario exposures, concentration risk.

- Implement real-time risk monitoring tools (Mark-to-Market limits, position limits, drawdown limits, P&L attribution).

Stress Testing & Scenario Analysis:

- Design and run market shock scenarios (volatility spikes, liquidity crunch, gap moves).

- Conduct backtesting and sensitivity analysis on models used by different pods.

- Recommend hedging strategies or capital buffers for extreme tail risks.

Margin Risk Oversight:

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

- Monitor liquidity conditions in derivatives markets to avoid forced unwinds.

Governance & Controls:

- Develop policy framework, processes & systems for effective risk management of the trading desk including defining position and exposure limits by strategy/pod/fund manager.

- Ensure compliance with SEBI/Exchange risk guidelines, including management of exit from F&O banned securities, etc.

Risk Reporting:

- Produce daily risk reports (PnL attribution, Greeks, VaR, exposures).

- Present weekly/monthly risk reviews to senior management.

- Highlight emerging risks and propose mitigation strategies.