Vice President Risk Operations Lead

Job description

**Some Careers Open More Doors Than Others.** If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. **Risk Operations Lead, HSBC Invest Direct Securities (India) Pvt. Ltd.(HISL)** ****Position Details**** **Department:** Risk & Operations **Location:** Mumbai **Job Summary** The Risk Operations Manager will own and manage risk operations & controls across trading activities for HISL. You will be responsible for daily monitoring of margin adequacy, exposure limits, and client risk parameters; overseeing pre-trade risk checks in the Risk Management System (RMS); managing margin calls, shortfall processes, and collateral monitoring; and ensuring compliance with SEBI/Exchange/clearing corporation/depository risk-management frameworks & obligations. You will handle exceptional scenarios like corporate actions impacting positions, ensure segregation of funds between bank and broking entity, and work closely with the Clearing team on MTM, pay-in/pay-out reconciliation, and risk incident reporting. ****Core Responsibilities & Duties**** ****Risk Monitoring & Surveillance**** - Monitor real-time margin utilization, exposure limits, and collateral coverage across all client accounts and proprietary trading - Oversee pre-trade risk checks in the RMS; ensure limits (position limits, margin sufficiency, buy-sell exposure) are enforced before order acceptance - Track intra-day MTM (Mark-to-Market) and end-of-day margin requirements; escalate shortfalls and initiate margin calls or square-off procedures - Maintain risk dashboards and generate daily risk reports for management and clearing corporations ****Margin & Collateral Management**** - Manage margin collection, shortfall follow-up, and enforcement of margin calls; coordinate with clients and operations for margin top-ups - Oversee collateral management – cash, pledge/re-pledge of securities, FDRs, bank guarantees – in line with clearing corporation and SEBI guidelines - Monitor haircuts on collateral and ensure timely reporting of margin shortfalls to clearing corporations and senior management ****Clearing Corporation Coordination**** - Act as the primary liaison with clearing corporations on risk-related matters, including margin obligations, pay-in/pay-out, and exceptional scenarios - Monitor clearing corporation risk circulars and implement changes to risk parameters, margin rates, or exposure norms promptly - Coordinate with clearing teams on MTM settlements, delivery obligations, and auction/close-out processes **Risk Policy & Limit Management** - Define and maintain risk limits for clients and dealers (position limits, turnover limits, concentration risk, sector exposure) - Review and update risk policies in line with SEBI regulations, Exchange circulars, and internal risk appetite - Conduct periodic reviews of high-risk accounts, concentration risk, and large exposures; recommend remedial actions ****Exceptional Scenario Management**** - Handle exceptional scenarios such as corporate actions (dividends, bonus, splits, mergers) impacting client positions and margins - Coordinate square-off procedures for margin shortfall clients or non-compliant positions - Manage risk escalations during high volatility, market disruptions, or system failures ****Segregation & Reconciliation**** - Ensure segregation of client funds and securities as per SEBI regulations; monitor compliance with bank account segregation norms - Coordinate with Back Office on MTM reconciliation, margin reporting, and pay-in/pay-out confirmations ****Risk Incident Reporting**** - Report risk incidents (margin breaches, limit violations, settlement failures) to senior management and regulators as required - Maintain incident logs, root cause analysis, and corrective action plans for all risk events ****RMS System Management & Vendor Coordination**** - Coordinate with IT Ops and vendors to ensure RMS uptime, accuracy, and timely implementation of risk parameter changes - Review RMS configurations, alerts, and automated controls; recommend enhancements to improve risk coverage ****Qualifications, Certifications & Experience**** - Education: Graduate in Commerce / Finance / Economics / Business Administration. CA, CFA, FRM, or MBA in Finance is preferred - Recommended Certifications: NISM Series VII, NISM Series-VIII: Equity Derivatives; FRM (Financial Risk Manager – GARP) - Experience: Minimum 8–12 years in risk management, RMS operations, or clearing & settlement functions within stock broking or financial markets, with at least 3–5 years in a managerial capacity - Domain Knowledge: Deep understanding of margin systems, MTM calculations, collateral management, pre-trade risk controls, clearing corporation processes, and SEBI/Exchange risk regulations ****Preferred Skills & Competencies**** - Expert knowledge of RMS platforms, risk parameters, and surveillance systems used in stock broking - Strong analytical and quantitative skills for risk assessment, exposure analysis, and scenario modeling - Deep familiarity with SEBI risk management circulars, Exchange risk norms, and clearing corporation guidelines - Ability to work under pressure during high volatility or market disruptions - Excellent attention to detail and process adherence - Strong communication skills to coordinate with clients, dealers, clearing teams, and regulators - Experience in a large broking house or institutional trading environment is highly desirable **Employment Type:** Full-time, Permanent You’ll achieve more at HSBC. 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