Role Overview

The Surveillance Manager will be responsible for monitoring trading activities, identifying suspicious patterns, ensuring compliance with exchange/regulatory guidelines, and supporting AML/PMLA processes. The role requires strong analytical ability, regulatory understanding, and experience in trade surveillance across capital markets.

Key Responsibilities (KRA)

- Monitor client trading activity to identify abnormal or suspicious trading patterns including spoofing, layering, circular trading, synchronized trades, pump & dump, trade reversals, and excessive order cancellations.

- Review, investigate and close all surveillance alerts within defined turnaround timelines.

- Conduct periodic client risk assessments including high-risk client monitoring, dormant-to-active account analysis and evaluating unusual trade behavior.

- Maintain updated risk categorization records for all retail clients as per regulatory guidelines.

- Handle regulatory and exchange queries from NSE, BSE, and SEBI and ensure accurate responses within prescribed timelines.

- Prepare and submit periodic regulatory reports and ensure complete and accurate documentation for audits and inspections.

- Support AML transaction monitoring activities in collaboration with compliance teams.

- Assist in identifying suspicious transactions and support STR/SAR filing processes as required under PMLA guidelines.

- Prepare investigation notes, MIS, dashboards, and reports for internal management review.

- Maintain comprehensive case documentation ensuring audit readiness and traceability.

- Participate in internal risk assessments, identify control gaps, and recommend improvements in surveillance and compliance processes.

- Contribute to process automation and enhancement initiatives to strengthen surveillance controls.

- Assist in drafting, reviewing, and updating SOPs, surveillance manuals, and internal policy documents.

- Ensure effective implementation of updated policies and regulatory changes across teams.

Required Skillsets:

- Strong understanding of trade surveillance concepts, pattern recognition, and capital market operations.

- Good knowledge of SEBI, NSE, and BSE regulatory guidelines and reporting requirements.

- Hands-on experience with surveillance systems, monitoring tools, and risk assessment frameworks.

- Strong analytical and investigative skills with the ability to interpret trading patterns and identify red flags.

- Familiarity with AML/PMLA regulations and transaction monitoring processes.

- Excellent documentation, reporting, and audit preparation capabilities.

- Strong communication skills for handling regulatory interactions and internal coordination.

- Ability to work under pressure, manage time-sensitive tasks and adhere to strict timelines.

- High attention to detail, integrity, and strong compliance mindset.