Senior Product Manager - Broking

Darwinbox Digital Solutions Pvt. Ltd.; Gurugram District; On-site; INR 1,800,000 - 3,600,000; Full time

Job summary

Darwinbox Digital Solutions Pvt. Ltd. in India seeks a Product Manager to own back-office automation and risk management systems for the stock broking business.

You will drive BOD/EOD processes, RMS automation, surveillance, margin monitoring, and regulatory compliance workflows, interfacing with Operations, Technology, Risk and Compliance teams. The role requires hands-on experience with back-office and front-office platforms, a strong automation bias, and the ability to translate complex

Qualifications

• 4-6 years of total experience in product management within stock broking or capital markets.
• Experience with back-office operations like BOD/EOD, RMS, margin, and compliance workflows.
• Ability to translate operational/regulatory requirements into clear product specs.

Responsibilities

• Own end-to-end BOD/EOD automation across Equity, Derivatives, Commodity, and Currency.
• Drive RMS automation including limits, monitoring, and alerting with real-time dashboards.
• Develop dashboards for risk and operations teams; define SLAs and escalation workflows.
• Collaborate with trading, technology, and risk teams to automate rule-based interventions.
• Lead regulatory automation for SEBI/exchange driven changes and audits.
• Draft BRDs, functional specs, and user stories; drive UAT and release planning.

Skills

Product management

Stock broking

Back-office operations

RMS automation

Automation

Regulatory compliance

BRDs & specs

UAT planning

JIRA & Confluence

Stakeholder management

Tools

JIRA

Confluence

Job description

JobTitle: Product Manager – Broking
Experience: 4-6 years in Product Management

We are looking for a sharp,execution-driven Product Manager to own Back-Office Operations Automation andRisk Management Systems for our stock broking business. You will be the singlepoint of product ownership for BOD/EOD processes, RMS automation, surveillance,margin monitoring, alerting, and regulatory compliance workflows. Working atthe intersection of Operations, Technology, Risk, and Compliance, you willeliminate manual dependencies, reduce operational risk, and build a scalable,resilient back-office infrastructure.

This role demands deepfamiliarity with stock broking back-office operations, hands-on exposure toback office and front office software, a strong bias for automation, and theability to translate complex operational and regulatory requirements into clean,well-scoped product specifications.

Responsibilities

• BOD / EOD Process Automation
  • Own end-to-endproduct scope for Beginning-of-Day (BOD) and End-of-Day (EOD) automation acrossall segments — Equity, Derivatives, Commodity, and Currency.
  • Drive automationof holding uploads, limit setting, position carryforward, and reconciliationprocesses to reduce manual intervention.
  • Define SLAs andalerting thresholds for BOD readiness checks; build dashboards for operationsteams to track daily open/close status.
  • Identify andeliminate single points of failure in daily operational workflows.
• RMS Automation, Monitoring & Alerting
  • Own the product roadmap for RMS (Risk ManagementSystem) automation, covering:
  • Client-level andscrip-level limit configuration and real-time enforcement
  • Intraday and baselimit supervision across all segments
  • MTM(Mark-to-Market) alert violation monitoring, escalation workflows, and autosquare-off triggers
  • Timer-basedsquare-off automation for intraday positions
  • RMS blocks fordebit, far-month contracts, and illiquid scrips
  • Build and improvereal-time monitoring dashboards for RMS events with configurable alerting forRisk Officers, Dealers, and HODs.
  • Collaborate withthe trading platform and tech teams to automate rule-based interventions thatcurrently require manual RMS action.
  • Reduce turnaroundtime for critical RMS actions (limit activation/deactivation, terminalmanagement) through workflow automation.
  • Define productcapabilities for script-wise and client-wise position surveillance, includingconcentration risk and simulated trade detection.
  • Own workflows forASM (Additional Surveillance Margin) tracking and automated reporting to riskteams and HODs.
  • Build alertingand blocking mechanisms for GSM (Graded Surveillance Measure) and illiquidscrips within trading systems, ensuring timely enforcement.
  • Drive productrequirements for tender period contract tracking and staggered deliverymechanism workflows across all segments.
• Margin Management & Reporting
  • Own daily marginreporting automation for all segments — Equity, F&O, Commodity, andCurrency.
  • Build enhancedsupervisor reporting covering client funds, collateral, and security balances(daily and weekly views).
  • Drive productimprovements for SEBI peak margin compliance workflows, upfront margincollection, and automated breach alerts for margin shortfalls.
  • Streamline clientfund utilisation reporting and ensure audit-readiness for margin-relatedregulatory queries.
• Compliance & Regulatory Automation
  • Own product scopefor regulatory automation, including:
  • Quarterly settlement of accounts
  • Dormant and inactive account activation /deactivation processes
  • CTCL empanelment workflows
  • Exchange and depository complianceimplementations (NSE, BSE, MCX, CDSL, NSDL)
  • Collaborate withCompliance and Operations to identify manual compliance workflows and convertthem into automated, audit-ready processes.
  • Ensure timelyimplementation of SEBI circulars and exchange-driven regulatory changes withinback-office systems.
  • Supportregulatory audits with documentation, workflow evidence, and remediationtracking.
  • Act as ProductOwner for back-office and RMS modules in vendor-led trading systems (ODIN /OMNESYS / OMNI NEST or equivalent).
  • Coordinate withtrading platform vendors for patches, upgrades, and new module deployments; ownrelease planning and communication.
  • Lead functionaltesting and UAT for all back-office and RMS-related releases.
  • Work withTechnology to evaluate build-vs-buy decisions for automation tooling and proprietary back-office products.
• Business Analysis & Stakeholder Management
  • Translateoperational pain points into well-structured BRDs, functional specs, and userstories with clear acceptance criteria and success metrics.
  • Act as the bridgebetween Operations, Risk, Compliance, Technology, and Vendors to ensurealigned, on-time delivery.
  • Conduct regularreviews with HODs and senior stakeholders on automation progress, risk events,and compliance posture.
  • Drive adoption ofnew systems and processes with training, documentation, and stakeholderengagement.

Requirements

• 4-6 years oftotal experience, with at least 2 years in a stock broking or capital marketsfirm in an Operations, RMS, or Product / BA role.
• Prior experiencein one or more of the following is required:
  • RMS / Back-OfficeOperations at a broking firm (NSE / BSE / MCX member)
  • ProductManagement or Business Analysis for trading platforms or back-office systems
  • Trading systemvendor or fintech focused on broking technology
• Strongunderstanding of back-office operations in Indian stock broking- BOD, EOD,settlements, margins, and RMS
• Hands-onexperience with front office & back office platforms
• Working knowledgeof capital market segments: Equity, Derivatives (F&O), Commodity, andCurrency.
• Familiarity withSEBI regulations, exchange circulars (NSE, BSE, MCX), and broker complianceobligations.
• Soundunderstanding of risk concepts: MTM, exposure limits, margin shortfalls,collateral management, ASM/GSM.
• Ability to own aproduct roadmap end-to-end from discovery and prioritisation to delivery andadoption.
• Strongdocumentation skills: BRDs, functional specs, user stories, and process flowdiagrams.
• Experience withUAT planning and execution for back-office or trading platform releases.
• Comfort withagile delivery; experience with JIRA, Confluence, or equivalent tools.
• Excellent writtenand verbal communication; ability to engage technical teams and senior businessstakeholders equally.
• Strong logicalthinking and problem structuring; able to navigate ambiguity and drive clarityindependently.
• Proactive inidentifying operational risks and process gaps before they elevate toincidents.
• Collaborativeteam player who can operate across Operations, Technology, Risk, and Compliancesimultaneously.