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Paytm Money seeks a Manager of Market Risk to lead all aspects of risk management for the company's Market Risk and Margin Trading Funding (MTF) operations. This role is responsible for ensuring compliance with exchange regulations while protecting financial health and enabling optimal trading activity.
Key responsibilities include developing and implementing comprehensive risk management frameworks tailored to stock market activities, covering equity market risk (systematic and non-systematic), derivatives market risk (futures and options), MTF risk (client exposure and internal limits), and liquidity risk. The manager will design and execute stress testing scenarios to assess portfolio resilience under various market conditions including volatility spikes, crashes, and sector downturns.
Day-to-day work involves monitoring real-time market data and key risk indicators (KRIs) to identify and proactively mitigate emerging risks, overseeing risk limits for client positions and trading activities, and ensuring adherence to position sizing and leverage guidelines. The role requires liaison with regulatory bodies and timely reporting of market risk exposures and CTCL reporting.
Major challenges include balancing risk mitigation with maximizing profitable trading opportunities for clients, adapting risk management strategies to volatile market conditions, implementing effective controls for complex financial instruments and trading algorithms, and maintaining a strong risk culture that balances risk awareness with a proactive trading approach.
Decision-making authority spans internal clients (setting risk limits for accounts, approving margin extensions) and external clients (negotiating risk parameters with clearing houses and counterparties, managing counterparty credit risk).
Requirements: The posting does not explicitly state years of experience, education, or specific certifications required. However, the role assumes strong expertise in market risk management, derivatives, equity markets, regulatory compliance (particularly exchange regulations and CTCL reporting), stress testing methodologies, and risk limit frameworks. Experience in broking or financial services is preferred.
