Head of Risk

Head – Brokerage Risk & RMS

Location: Bengaluru

Work Mode: On-site

Experience: 8–15 years

About the Role

We are looking for a Head of Risk / RMS to build and lead the risk function for a new-age digital brokerage. The role will own brokerage risk across Equity, F&O and Commodities, ensuring strong real-time controls while enabling seamless trading.

Key Responsibilities

• Own the end-to-end RMS, margin, exposure and position-limit framework.
• Define leverage, exposure limits, margin requirements and auto square-off/liquidation rules.
• Monitor client positions, broker exposure, concentration risk and margin shortfalls in real time.
• Manage risk during market volatility, F&O expiry, physical settlement and exceptional market events.
• Partner with Technology/Product to build and automate RMS and real-time risk controls.
• Own risk-side UAT and sign-off for OMS/RMS changes and new trading products.
• Build surveillance frameworks for unusual/suspicious trading activity.
• Ensure compliance with SEBI, NSE, BSE, MCX and clearing corporation requirements.
• Lead risk incident management, root-cause analysis and corrective actions.
• Build and lead a lean Risk/RMS team with clear SOPs, escalation mechanisms and KPIs.

What We’re Looking For

• 8–15 years of experience in RMS/Risk Management within a stockbroker, digital brokerage or capital-markets firm.
• Strong hands-on experience managing live brokerage RMS and trading risk.
• Strong understanding of Equity, F&O and preferably Commodity derivatives.
• Hands-on knowledge of margining, collateral, exposure, leverage, position limits, intraday RMS and square-offs.
• Experience with brokerage OMS/RMS platforms and real-time risk systems.
• Strong understanding of SEBI and exchange risk-management frameworks.
• Experience managing risk teams and handling live market incidents.
• Strong ability to work with Technology, Product, Operations and Compliance teams.

Good to Have

• Experience in a digital/discount brokerage or high-volume trading platform.
• RMS/OMS implementation or configuration experience.
• Exposure to NSE, BSE and MCX.
• Experience with F&O expiry and physical settlement risk.
• Understanding of API-based/algo trading controls and real-time risk engines.