Sushil Finance - Risk Management & Surveillance Role - Business & Operations

- Conceptualize, and devise a blueprint to address each specific risk areas so identified after effectively communicating with all the stakeholders and the Management.

- Implement the system, by leveraging on automation and technology, at organization level as laid down in the detailed plan approved by the Management.

- To define and implement risk related SOPs at department level as a built-in preventive mechanism wherever required to enhance effectiveness in containing risk.

- To administer existing trading platforms (eg: ODIN, Omnesys, BOLT, NEAT etc ) and being aware of the best industry standard applications on on ongoing basis

- To co ordinate with respective vendors for new patches or requirements necessitated by regulatory changes being introduced from time to time to ensure smooth implementation and transition thereof balancing business operations and risk management

- Being in communication with external and internal stakeholders on an ongoing basis wrt changes being introduced and obtain feedback on an ongoing basis

- Being pro active in communication with related stakeholders, vendors and business associates with regard to regulatory circulars by reaching out to all concerned

Scope and Responsibilities :

- Framing and monitoring the Risk Management policy to manage the business and financial risk keeping the regulatory compliances as the backdrop and in line with best industry practice

- To constantly monitor client positions and ensure risk policy is framed to control bad debts and ensure client exposure does not lead to ageing debtors

- To set up a MIS based surveillance system with inbuilt alerts and Exception reports with escalation matrix that allows timely action to minimize the risk, including working with outside agencies such as eg: Tanna s/w team.

- Drafting and reviewing of PMLA/Surveillance policy based on regulatory changes in consultation with - relevant stakeholders.

- Carry out historical Research of past instances of losses due to fraudulent practices, or non-compliances within the organization or occurrences within the industry as reference points.

- Closing of alerts and filing of STR as per regulatory guidelines in consultation with relevant stakeholders wherever required.

- Monitor and Review the surveillance & alerts mechanism and present to the Management any recommendations, for improvements or tweaking of the existing system.

- Regular reporting of MIS to senior management like

Candidate Profile :

- Experience in AML related operations including KYC / due diligence / screening / transaction monitoring is mandatory

- Experience in Exchange & Trade regulatory framework

- Experience of working on Trade surveillance system

- Experience of undertaking trade alerts review, investigations and disposition

- Knowledge of Compliance laws, rules, regulations, risks and typologies

- Must be a self-starter, flexible, innovative and adaptive

- The candidate should be adaptable to change and willing to work in a fast-paced environment with a positive attitude

- The candidate must be proactive, possess strong communication (verbal and written) skills and analytical skills.

- Strong working knowledge with MS Office

- The candidate must be detail-oriented, organized and assertive

- Demonstrated interpersonal skills with the ability to work collaboratively and with people at all levels of the organization

- Being aware of arbitration mechanism and procedure as well as awards at exchanges

- Understanding of trade life cycle (intermediate/ expert knowledge)

- Understanding of market abuse and fraud practices in trade products