Job Summary The Head of Risk Management Services (RMS) is a strategic leadership role responsible for overseeing and managing the risk management framework within the stock broking division. This position ensures the firm’s market, credit, and operational risks are effectively monitored and mitigated in compliance with regulatory requirements. The ideal candidate will possess a deep understanding of risk management, a proactive approach to process improvement, and strong leadership skills to guide the RMS team.Operational Excellence Monitor clients’ and company’s Equity and Derivatives Portfolio risk on a real-time basis. Implement automated systems for continuous surveillance of market positions and collateral status. Manage daily RMS activities, including tracking and monitoring positions in the Cash Market (CM), Futures and Options (F&O), and Currency Derivatives (CDS) segments. Ensure all risk management operations are carried out efficiently and effectively. Coordinate with exchanges, OMS vendors, and the technology team to resolve critical issues. Follow up on Root Cause Analysis (RCA) and collaborate with front office vendors to resolve bugs. Maintain expertise on platforms like OmneNest, NEAT, BOLT, and NOW. Have knowledge of Margin Trading Facility (MTF). Track and monitor the expiry of NISM certifications for dealers, ensuring timely renewals to avoid exchange penalties or trading terminal disablement. Compliance Excellence Maintain a stronghold on regulatory circulars (NSE, BSE, MCX, and SEBI). Stay updated on all relevant circulars on a timely basis, generate reports, and provide feedback and suggestions to management. Identify margin shortfalls and initiate prompt liquidation of positions to manage risk. Coordinate with clearing members or clearing corporations to monitor daily deposits, margins, and collaterals. Develop reports on defaulters or sundry creditors and coordinate with the recovery team. Validate responses to client complaints to ensure minimal regulatory impact. Process Transformation Develop various risk models on Equity, Commodity, and Currency derivative products. Utilize strong knowledge of VAR, SPAN, Scrip volatility, future forecasting models, and regulatory surveillance models. Develop internal policies and risk policies to safeguard clients’ and company’s funds. Coordinate with the operational team to mitigate overall risk involved in financial products. Actively participate in new product implementation and risk management. Continuously improve RMS processes and establish best practices for risk management. Job Requirement Qualifications: - Bachelor’s degree in Finance, Economics, Business Administration, or a related field. A Master’s degree or professional certifications (e.g., CFA, FRM) are highly desirable. - Minimum of 8 years of experience in risk management within the stock broking or financial services industry. - Strong understanding of market risk, credit risk, and operational risk specific to stock broking. - Comprehensive knowledge of regulatory requirements and industry best practices. - Excellent analytical, problem-solving, and decision-making skills. - Proven leadership and team management capabilities. - Exceptional communication and interpersonal skills. Competencies: - Strategic Vision: Ability to align risk management strategies with the organization’s goals. - Proactive Approach: Anticipate potential risks and implement preventive measures. - Decision-Making: Make informed decisions based on comprehensive risk assessments. - Leadership: Lead and inspire the RMS team to achieve high performance and foster a culture of continuous improvement. Show more Show less
पद का नाम: प्यून जिम्मेदारियाँ (Responsibilities): ऑफिस की साफ-सफाई और व्यवस्था बनाए रखना। स्टाफ और विज़िटर्स को पानी, चाय, कॉफी आदि सर्व करना। फाइलें, डाक्यूमेंट्स और अन्य सामग्री को सही स्थान पर पहुँचाना। कूरियर, डाक और अन्य ऑफिस से जुड़े छोटे-मोटे काम करना। ऑफिस के सामान (स्टेशनरी, पानी, चाय आदि) की उपलब्धता सुनिश्चित करना। मीटिंग रूम की तैयारी और मेहमानों का स्वागत करना। मैनेजमेंट और स्टाफ द्वारा दिए गए अन्य छोटे-छोटे कार्य करना। योग्यता (Qualifications): ईमानदार, समयनिष्ठ और अनुशासित। ऑफिस या हाउसकीपिंग के सामान्य कार्यों का अनुभव होना वरीयता दी जाएगी। कौशल (Skills): साफ-सुथरे और विनम्र व्यवहार वाला। टीम के साथ काम करने की क्षमता। भरोसेमंद और जिम्मेदार।
Object Oriented analysis and design using common design patterns. Understanding fundamental design principles behind a scalable application. Creating database schemas that represent and support business processes. Implementing automated testing platforms and unit tests. Knack for writing clean, readable Java code. Job Requirement Profound insight of Java and JEE internals (Classloading, Memory Management, Transaction management etc) Hands on experience in designing and developing applications using Java EE platforms. Excellent knowledge of Relational Databases, SQL and ORM technologies (JPA2, Hibernate) Experience in the Spring Framework Experience in developing web applications using at least one popular web framework (JSF, Wicket, GWT, Spring MVC) Experience with popular web application frameworks, such as Play and Spark Familiarity with Java GUI frameworks (such as Swing, SWT, and AWT depending on project requirements) Experience with both external and embedded databases Basic understanding of the class loading mechanism in Java Basic understanding of JVM, its limitations, weaknesses, and workarounds Proficient understanding of code versioning tools, such as Git Familiarity with build tools such as Ant, Maven, and Gradle Familiarity with continuous integration. Skills:- Java, Spring, Hibernate (Java), Spring MVC, Spring Boot and J2EE
Hi Other Details Here at Samco Securities Ltd (FinTech Company) we are always looking to grow our teams with talented people, just like you. We are looking forward to hire 4 Java Technical Lead & 6 Senior Java Developers. Kindly apply if you are interested or help to reach out any job seeker. Please find our company profile and job description in the below link: Type: Product based company Industry: Stock broking Website: https://www.samco.in/ Location: Guindy Chennai Work mode: Work from office with 3 WFH in a month Notice: 60 days or less Skills:- J2EE, Spring Boot and Hibernate (Java)