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Ø \Conceptualize, and devise a blueprint to address each specific risk areas so identified after effectively communicating with all the stakeholders and the Management. Ø Implement
the system, by leveraging on automation and technology, at organization level
as laid down in the detailed plan approved by the Management.
Ø To
define and implement risk related SOPs at department level as a built-in
preventive mechanism wherever required to enhance effectiveness in containing
risk.
Ø To
administer existing trading platforms (eg: ODIN, Omnesys, BOLT, NEAT etc ) and
being aware of the best industry
standard applications on on ongoing basis
Ø To
co ordinate with respective vendors for new patches or requirements
necessitated by regulatory changes being introduced from time to time to ensure
smooth implementation and transition thereof balancing business operations and
risk management
Ø Being
in communication with external and internal stakeholders on an ongoing basis
wrt changes being introduced and obtain feedback on an ongoing basis
Ø Being
pro active in communication with related stakeholders, vendors and business
associates with regard to regulatory circulars by reaching out to all concerned
Ø Framing
and monitoring the Risk Management policy to manage the business and financial
risk keeping the regulatory compliances as the backdrop and in line with best
industry practice
Ø To
constantly monitor client positions and ensure risk policy is framed to control
bad debts and ensure client exposure does not lead to ageing debtors
Ø To
set up a MIS based surveillance system with inbuilt alerts and Exception
reports with escalation matrix that allows timely action to minimize the risk,
including working with outside agencies such as eg: Tanna s/w team.
Ø Drafting
and reviewing of PMLA/Surveillance policy based on regulatory changes in
consultation with relevant stakeholders.
Ø Carry
out historical Research of past instances of losses due to fraudulent
practices, or non-compliances within the organization or occurrences within the
industry as reference points.
Ø Closing
of alerts and filing of STR as per regulatory guidelines in consultation with
relevant stakeholders wherever required.
Ø Monitor
and Review the surveillance & alerts mechanism and present to the
Management any recommendations, for improvements or tweaking of the existing
system. Ø Regular reporting of MIS to senior management like
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