Opening For Head : Surveillance (Authorized Person Monitoring)

Head Surveillance (Authorized Person Monitoring)

Location - Malad

Designation - AVP & Above

Role Objective:

To lead and manage a robust surveillance framework for monitoring activities of Authorised Persons (APs) across the broking ecosystem, with a focus on proactive risk controls, compliance with SEBI/Exchange regulations, periodic audits, and actionable enforcement of surveillance findings.

1. Surveillance Framework Design & Execution

1. Develop and implement a comprehensive surveillance program for APs, aligned with SEBI/Exchange guidelines and internal risk appetite.
2. Define KPIs and risk flags to proactively monitor unusual trading patterns, volume spikes, clientAP linkage anomalies, or potential regulatory breaches.
3. Integrate data from multiple systems (OMS, RMS, CRM, etc.) to enable real-time surveillance analytics.

2. Proactive Risk Controls

1. Design early warning indicators (EWIs) and risk-based rule engines to detect misconduct or deviations by APs.
2. Implement preventive surveillance triggers for front-running, price manipulation, clientAP conflict of interest, etc.
3. Collaborate with technology and product teams to automate rule-based surveillance alerts and dashboards.

3. Audit & Investigation

1. Plan and conduct periodic surveillance audits of APs, focusing on trading behavior, client onboarding practices, unusual transactions, and regulatory adherence.
2. Investigate red flags or escalations emerging from internal systems, whistleblower reports, or external alerts.
3. Document audit findings, recommend corrective actions, and track closure with evidence.

4. Enforcement & Corrective Action

1. Lead show cause processes and enforce disciplinary actions in case of surveillance violations by APs.
2. Work with the legal and compliance team to draft responses to regulatory queries or show cause notices involving APs.
3. Maintain a robust action tracking and closure mechanism post-audit/investigation.

Key Skills & Attributes:

1. Deep knowledge of SEBI/Exchange regulations related to Authorised Persons and market surveillance.
2. Strong analytical capability with an understanding of market behavior and trading anomalies.
3. Experience in managing teams and working with cross-functional stakeholders (risk, Ops , tech, compliance and business).

Desirable Tools & Systems:

1. Familiarity with Exchange Surveillance Systems (NSE’s E-Surveillance, BSE’s EWS)
2. Understanding of OMS/RMS integration with surveillance processes

Thanks & Regards,

Priya Vijaysingh Yadav