Associate Manager - Risk Management & Survelliance- Retail

Role Overview

The Associate Manager – Risk Management & Surveillance is responsible for ensuring effective monitoring and control of retail trading activities. The role focuses on managing client risk exposure, real‑time surveillance of trades, and ensuring compliance with regulatory frameworks laid down by SEBI and stock exchanges. The incumbent will play a critical role in safeguarding the firm from financial and reputational risks.

• Risk Management & Monitoring
• Monitor real‑time client exposures, margins, MTM (Mark‑to‑Market), and leverage
• Ensure strict adherence to internal risk policies and exchange‑level margin requirements
• Identify margin shortfalls and initiate timely square‑offs to minimize risk
• Track high‑risk clients and implement preventive measures
• Trade Surveillance
• Conduct ongoing surveillance of trading activities to detect:
• Abnormal trading patterns
• Price/volume manipulation
• Circular trading
• Insider trading indicators
• Analyze system‑generated alerts and ensure proper action and closure
• Escalate suspicious activities to compliance and senior management
• Client Risk Assessment
• Evaluate and profile retail clients based on trading behavior and exposure levels
• Recommend appropriate limits and margin requirements
• Continuously reassess client risk categories and update limits accordingly
• Regulatory Compliance
• Ensure compliance with SEBI, NSE, BSE, and other regulatory requirements
• Maintain proper documentation for audits and regulatory inspections
• Implement regulatory updates and circulars in risk processes
• Support internal and external audits related to risk and surveillance
• Reporting & MIS
• Prepare and maintain daily, weekly, and monthly risk reports
• Track KPIs such as margin breaches, exposure utilization, and alert closure
• Provide data‑driven insights to management for decision‑making
• Stakeholder Coordination
• Work closely with dealing desk, RMS (Risk Management System), compliance, and technology teams
• Assist in improving risk systems and automation processes
• Support escalation handling and resolution of risk‑related issues

• Bachelor’s degree in Finance, Commerce, Economics, or related field
• MBA/PGDM in Finance preferred

• 3–6 years of experience in Risk Management / Trade Surveillance within stock broking or financial services

• Strong knowledge of equity, derivatives, and currency markets
• Understanding of margin mechanisms (SPAN, VAR, ELM, Exposure margins)
• Experience with trading and RMS platforms (ODIN, NEST, NOW, etc.)
• Advanced proficiency in MS Excel (pivot tables, formulas, dashboards)

• SEBI regulations and circulars
• Exchange risk frameworks (NSE/BSE guidelines)
• AML and surveillance norms

• Strong analytical and problem‑solving skills
• High attention to detail and accuracy
• Ability to work in fast‑paced, real‑time environments
• Strong communication and escalation management skills
• Ethical, disciplined, and risk‑aware mindset

• NISM certifications (e.g., Equity Derivatives, Securities Operations & Risk Management)
• Experience with automated surveillance tools or risk analytics platforms
• Exposure to algorithmic trading risk controls (added advantage)

• Timely identification and mitigation of risk exposures
• Reduction in margin breaches and client defaults
• Accuracy and timeliness of risk reporting
• Effective closure of surveillance alerts
• Audit and compliance adherence score