Risk Management System

iRageCapital; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

iRageCapital in Mumbai invites applications for a Risk Management System (RMS) role focused on overseeing RMS operations within the Stock Broking vertical, ensuring regulatory compliance and monitoring trading activities to mitigate risk.

The role emphasizes enhancing reporting mechanisms and collaboration with internal teams. Evening shift timings are 3 PM to 12 AM, with duties spanning BOD/EOD checks, terminal/client activation, MTM tracking, and intraday risk controls.

Qualifications

• Bachelor's degree in Finance, Business Administration, or related field.
• Relevant certifications in risk management or stock broking systems are preferred.

Responsibilities

• BOD & EOD Management: Cross-checking Beginning of Day (BOD) processes for all segments before the market opens.
• Terminal & Client Activation/Deactivation: Managing activation and deactivation of trading terminals and investor clients.
• Query Resolution: Addressing and resolving daily operational queries promptly.
• Surveillance Margin Monitoring: Keeping track of Additional Surveillance Margin (ASM) and reporting to the Head of Department (HOD).
• GSM & Illiquid Scrip Blocking: Timely blocking of GSM and illiquid scrips within the trading system.
• RMS Blocking: Implementing RMS blocking for debit accounts, far-month contracts, and illiquid scrips.
• MTM Monitoring: Tracking MTM alert violations, monitoring MTM net positions, and executing square-off processes upon triggered MTM losses.
• Intraday Position Management: Ensuring square-off of all intraday positions through Timer Square Off for all segments.
• Limit Supervision: Supervising assigned client limits, including Base Limits and Intraday Limits.
• Coordination: Collaborating with various internal teams to streamline operations.
• Position Surveillance: Monitoring script-wise and client-wise positions, simulated trades, script concentration, etc.
• Contract Monitoring: Keeping track of tender period contracts across all segments and managing the straggled delivery mechanism process.
• Compliance Implementation: Ensuring successful implementation of exchange and depository-related compliance requirements.
• Reporting Enhancement: Improving supervisor reporting, including client fund, collateral, and security balance reports (weekly).
• Margin Reporting: Conducting daily margin reporting for all segments.
• Quarterly Settlements: Managing quarterly settlements of accounts, dormant & inactive processes, and CTCL empanelment.

Skills

Admin functionality

BOD/EOD processes

Limit setting

RMS procedures

Capital markets knowledge

Risk assessment

Risk mitigation

Process automation

Logical thinking

Communication skills

Education

Bachelor's degree in Finance, Business Administration, or related field

Certifications in risk management or stock broking systems (preferred)

Job description

The RMS will assist in overseeing and managing the Risk Management System (RMS) operations within the Stock Broking vertical. This role involves ensuring compliance with regulatory requirements, maintaining surveillance on trading activities, and enhancing reporting mechanisms to mitigate risk effectively.

Key Responsibilities:

• BOD & EOD Management: Cross-checking Beginning of Day (BOD) processes for all segments before the market opens.
• Terminal & Client Activation/Deactivation: Managing activation and deactivation of trading terminals and investor clients.
• Query Resolution: Addressing and resolving daily operational queries promptly.
• Surveillance Margin Monitoring: Keeping track of Additional Surveillance Margin (ASM) and reporting to the Head of Department (HOD).
• GSM & Illiquid Scrip Blocking: Timely blocking of GSM and illiquid scrips within the trading system.
• RMS Blocking: Implementing RMS blocking for debit accounts, far-month contracts, and illiquid scrips.
• MTM Monitoring: Tracking MTM alert violations, monitoring MTM net positions, and executing square-off processes upon triggered MTM losses.
• Intraday Position Management: Ensuring square-off of all intraday positions through Timer Square Off for all segments.
• Limit Supervision: Supervising assigned client limits, including Base Limits and Intraday Limits.
• Coordination: Collaborating with various internal teams to streamline operations.
• Position Surveillance: Monitoring script-wise and client-wise positions, simulated trades, script concentration, etc.
• Contract Monitoring: Keeping track of tender period contracts across all segments and managing the straggled delivery mechanism process.
• Compliance Implementation: Ensuring successful implementation of exchange and depository-related compliance requirements.
• Reporting Enhancement: Improving supervisor reporting, including client fund, collateral, and security balance reports (weekly).
• Margin Reporting: Conducting daily margin reporting for all segments.
• Quarterly Settlements: Managing quarterly settlements of accounts, dormant & inactive processes, and CTCL empanelment.

Skills & Knowledge:

• Strong knowledge of admin functionality.
• Understanding of BOD & EOD processes, limit setting, and RMS procedures, with the ability to adapt to evolving technology.
• Knowledge and relevant experience in capital markets (Equity, Derivatives, Commodity, Currency) segments.
• Experience in assessing risk across various segments and products.
• Proactive in implementing measures to mitigate risk.
• Ability to develop and automate process improvements to meet changing business needs.
• Logical thinking and self-motivation.
• Excellent communication skills and the ability to work effectively within a team.

Qualifications:

• Bachelors degree in Finance, Business Administration, or related field.
• Relevant certifications in risk management or stock broking systems are preferred.
• Minimum of 1-2 years of experience in the Broking Industry, particularly in RMS roles, or relevant internships.

Evening Shift Timings: 3 PM to 12 AM