Manager - Surveillance

Job Description

The Upstox Story:Upstox is one of Indias leading Fin-Tech companies with a mission to simplify trading & investing to make it easily accessible to the masses. We aim to enable everyone, from new investors to seasoned traders, to invest across multiple categories with our state-of-the-art trade & investment platform and commission-free pricing. We offer numerous asset categories to invest in, like Stocks, IPOs, Mutual Funds, and more.By focusing on our customers needs and equipping them with personalized yet powerful tools, we witnessed a steep growth of 800% in our customer base from 25 Thousand in 2017 to 2 Lakh in 2019. With 1500% growth in 2020, currently, over 4 million customers trust us with their investment decisions, thus setting us on the course to become an industry-leader in the country.Our mission is simple - to break down the complexities of investing and make it more effortless, accessible, affordable, and easy for the masses to adopt. This key principle when infused with intuitive design and leading-edge technology will help us empower every Indian to take control of their investments.RKSV Securities was founded by Ravi Kumar and Shrinivas Viswanath in 2009 and was soon graced by Kavitha Subramanian as the third co-founder in 2016. Backed by Ratan Tata, Upstox had raised $4 million in Series A funding in early 2016 that was led by Kalaari Capital. The Series B funding round scaled multifold and witnessed an investment of $25 million by US-based investment firm - Tiger Global Management in September 2019.We have a team of highly skilled technology and finance professionals, and are currently looking for highly motivated field experts to be part of our high-energy team.Job Title : Surveillance ManagerAbout Team:Surveillance team is responsible for the design, implementation, and oversight for a suite of surveillance designed to detect behaviours that may violate regulatory rules or internal policies and procedures. When potentially anomalous behaviour is detected, the team is responsible for escalating the activity and working collaboratively with partners across the first and second lines of defence to determine the appropriate resolution of the matter. Consideration for the firms reputation and safeguarding, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency. The candidate will be responsible for analysis of trade surveillance alerts on a post-trade basis and escalation of day-to-day exception reports.Key ResponsibilitiesHaving an experience of handling a team of 4-5 people and responsible in daily handling of the sameCreating, enhancing and implementing surveillance scenarios and conducting surveillance reviews.Improving surveillance tools and applications by coordinating with technology on the timely implementation of enhancements and proactively addressing potential issues.Gathering, reviewing, investigating and analyzing trade data as well as responding to regulatory inquiries from each of the major regulatory bodies (e.g. SEBI /NSE/BSE/MCX). The response process includes compiling all requested documentation, analyzing the results to identify potential issues, escalating potential risk issues to the appropriate coverage areas and providing input on potential corrective action plans designed to address issues that are identified.Participating in ad-hoc requests, special projects and regulatory exams directed by other organizations within the compliance or legal departments.Performs basic, preliminary surveillance for trading in specified productsMonitoring trading activity in markets to detect anomalies by reviewing electronically generated alertsConduct analysis to identify potential risks for the Firm and escalate relevant matters to a designated senior as appropriatePerform historical research and review of alert trends and exceptions reportedIdentify improvement areas and opportunities for automationSecondary responsibilities will include handling of regular compliances of NSE/ BSE/MCX & depositories.Keep abreast of trading system updates and products to implement effective surveillance oversight.Stay informed of global regulatory and market structure changes that may affect the scope of existing surveillance programExperience Required: 5 to 7 Years of Relevant experience in similar IndustryTechnical Requirements:Experience in Exchange & Trade regulatory frameworkUnderstanding of trade products (intermediate/ expert knowledge)Understanding of trade life cycle (intermediate/ expert knowledge)Understanding of market abuse and fraud practices in trade productsExperience of working on SMARTS or similar Trade surveillance system is an advantage.Experience of undertaking trade alerts review, investigations and dispositionExperience in AML related operations including KYC / due diligence / screening / transaction monitoring is added preferenceOther skills:The candidate must be proactive, possess strong communication (verbal and written) skills and analytical skills.Strong working knowledge with MS Excel, MS Word and Macros / Visual BasicBe self-directed, with the ability to proactively identify and analyze problemsHave good organization skills with the ability to work towards and meet deadlinesThe candidate must be detail-oriented, organized and assertiveExchanges / Institutional experience desiredKnowledge Required:Knowledge of Compliance laws, rules, regulations, risks and typologiesA general understanding of securities trading and corresponding regulations with proven ability to prioritize and manage multiple projectsExcellent research and analytical skills in addition to a technical aptitudeExcellent written and verbal communication skillsMust be a self-starter, flexible, innovative and adaptiveDemonstrated interpersonal skills with the ability to work collaboratively and with people at all levels of the organizationProficient in MS Office applications (Excel, Word, PowerPoint)The candidate should be adaptable to change and willing to work in a fast-paced environment with a positive attitudeAdvanced analytical skillsDemonstrated knowledge in area of focusIf you fit the above description, we would love to connect with you! 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Keyskills :
market structuretrading systemlife cyclespecial projectsdue diligencems officemutual fundsglobal managementanalytical skillstrade life cyclecorrective actionorganization skill