Risk Lead - Proprietary Trading

Risk Lead – Proprietary Trading

Desks : Listed derivatives (index & single-stock options), OTC exotics / structured products, Equity and Debt

Role Summary

The role is for a desk that is being setup. Candidate will be key founding member of the team. Own end-to-end market risk for a multi-strategy prop desk. Design / enforce limit frameworks, monitor intraday Greeks, run VaR / ES and stress programs, validate pricing models, and operate RMS / OMS controls with rapid incident response (kill-switch).

Core Responsibilities

• Intraday Risk & Limits : Real-time delta / gamma / vega / theta;
• cross-gamma / vol-of-vol;

IV shifts, skew / term stresses. Calibrate hierarchical limits (gross / notional, net, single-name, sector, beta, vega buckets , drawdown, liquidity). Operate RMS / OMS (fat-finger, price bands, OTR, throttles, kill-switch & escalation).

back-testing and exceptions. Structured stress : IV ±X%, skew twist, term-structure shifts, jump / gap, correlation breakdown, liquidity haircuts, exchange-margin hikes. Funding & margin forecasting (SPAN / VAR, ELM, ad-hoc), peak / intraday calls.

algo guardrails (clock sync, stale-quote, runaway-algo). Adhere to SEBI and NSE / BSE risk / algo norms (peak margin, OTR, trade / position limits). Own RCSA, incident post-mortems, audit closure.

enforce data quality (corp actions, IV surfaces, auctions, borrow / SLB).

train traders on limit hygiene, scenario discipline, margin economics.

Must-Have Experience & Skills

auctions, lot sizes, timings) and exchange / SEBI risk & algo requirements.

cloud for risk jobs.)

Education (no licenses / certifications)

KPIs

stability of P&L explain residuals.