Job Description - Senior Risk Management (RMS) – Derivatives & Proprietary Trading
Location: Bangalore
Experience: 6–10 Years
Department: Risk Management
Employment Type: Full-time
Role Overview:
We are hiring a Senior RMS professional to manage real-time risk for a proprietary derivatives trading business. This is a front-line risk ownership role with direct responsibility for trader-level and portfolio-level risk. The role requires strong independent decision-making during volatile and stressed market conditions while working closely with active traders and trading systems.
Key Responsibilities:
Real-Time Risk Monitoring
- Monitor and manage real-time risk for individual traders and their derivatives portfolios
- Track and control MTM and margin utilisation
- Monitor product and expiry concentration
- Track directional and volatility exposure
- Monitor option Greeks including Delta, Gamma, Vega, Theta
Strategy & Exposure Risk Evaluation
- Evaluate risks from naked option positions
- Assess short-volatility and high-gamma strategies
- Monitor leveraged and directional books
- Assess volatility and gamma behaviour during market stress
Decision-Making & Square-Off Authority
- Take independent and timely square-off decisions during sharp market moves
- Act in margin stress situations
- Enforce action on breach of internal risk limits
- Manage rapid MTM drawdowns
- Prioritise positions and traders during volatile market conditions
- Decide on partial versus full position unwinds
- Handle illiquid or fast-moving contracts effectively
Risk Framework & Limit Management
- Define and enforce trader-wise risk limits
- Define and monitor strategy-wise limits
- Implement product and expiry-wise limits
- Manage intraday and overnight risk limits
- Strengthen RMS controls and monitoring processes
Collaboration & System Improvement
- Work closely with trading and technology teams
- Implement real-time alerts and automated risk triggers
- Automate square-off rules
- Enhance RMS dashboards and monitoring systems
Post-Event Analysis
- Conduct post-event and post-trade risk analysis for major P&L or risk incidents
- Recommend improvements to risk frameworks and controls
Required Experience & Skills
- 6–10 years of hands-on RMS experience in a proprietary derivatives trading environment
- Experience managing risk at an individual trader level
- Strong understanding of options and complex option strategies
- Knowledge of naked versus hedged positions
- Understanding of volatility and gamma behaviour during market stress
- Strong judgement in position unwinds and risk prioritisation
- Experience with live RMS systems and real-time market risk monitoring tools
- Ability to operate decisively in high-pressure trading environments
Preferred Background
- Experience in proprietary trading firms, quantitative or structured trading desks, or high-frequency/systematic setups
- Exposure to index and stock derivatives portfolios with high intraday turnover
