AVP/VP - Surveillance

Job Description

Role & responsibilities 1. Trade Surveillance: Monitor real-time and post-trade activities for detecting and prevent market abuse and fraudulent practices. Review and investigate alerts generated by surveillance systems Document investigation outcomes, escalate suspicious cases and maintain appropriate audit trails. 2. Anti-Money Laundering (AML) Monitoring: Supervise implementation of AML systems and processes in line with SEBIs PMLA Guidelines. Review alerts for suspicious transactions (STRs), large or structured transactions, and unusual fund movements. Conduct periodic AML risk assessments and support KYC/CDD reviews. 3. Dealer & Terminal Monitoring: Monitor activities of dealers and trading terminals to ensure compliance with internal dealing code/ policies and regulatory norms. Detect unauthorized trades, self-trading, abnormal trading patterns. Implement surveillance logs, terminal mapping controls, and automated alerts for critical thresholds. 4. Pre-Trade Confirmation Monitoring: Monitor order placement and reconciliation of pre-order instructions with order logs. Coordinate with relevant teams and ensure availability of records. 5. Regulatory Reporting & Compliance: Ensure timely filing of surveillance and AML-related reports to Stock Exchanges, Depositories and FIU-IND. Respond to regulatory queries, inspection findings, and audit requests with accuracy and diligence. Stay abreast of circulars and updates from SEBI, Exchanges and Depositories regarding surveillance and AML obligations. 6. Technology & Process Improvements: Evaluate and implement new surveillance/AML tools and enhancements for greater efficiency and coverage. Automate alert workflows and MIS generation to improve productivity and reporting accuracy. Adapting to new surveillance technologies and tools, and integrating them effectively into existing systems. 7. Team Management & Training: Lead and mentor a team of surveillance and compliance analysts. Conduct regular training and awareness sessions on market surveillance, AML, and regulatory updates. 8. Internal Reporting: Prepare dashboards and MIS for senior management summarizing key surveillance activities, breaches, and corrective actions. Escalate high-risk issues to the compliance committee and senior leadership as required.