AJAY SINGH
New Delhi
Summary
Risk Management professional with 13+ years of experience in the stock broking industry, specializing in retail and proprietary risk, algo arbitrage risk, regulatory compliance, and surveillance software development. Proven expertise in exchange risk policies, RMS systems, and trading platforms including OMNESYS (NEST Trader), GREEKSOFT, Convex, ODIN, XTS, and Refinitiv. Recognized for building risk control frameworks, collaborating with IT and surveillance vendors, and leading teams to ensure compliance, accuracy, and stability in high-frequency trading environments.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Associate Vice President (Team Lead) at Risk Algo & Arbitrage Desk
Motilal Oswal Financial Services Limited
05.2023 - Current
- Margin/MTM Limits set on GREEKSOFT /CONVEX / OMNESYS (NEST TRADER/Refinitiv).
- Support for trader’s regarding any query related to RMS and front end of GREEKSOFT/CONVEX / OMNESYS (NEST TRADER/Refinitiv).
- Surveillance of trader’s Risk of Arbitrage desk.
- Analysis of Strategies of arbitragers created.
- Testing and development of Risk surveillance software for arbitrager’s RMS desk.
- Coordinate with the IT team and Risk Surveillance Software Vendor for Technical issues.
- Raise new requirements to Surveillance Software Vendor and IT team regarding new changes as per exchange policies.
- Provide logic to In-house and Third-party vendors for develop changes as per requirement.
- Monitoring of MWPL, open positions, BAN symbols, PNC count data and all alerts related to exchange compliance of Algo Desk positions.
- Providing support to Trader’s for queries related to RMS.
- Optimized team performance through effective leadership and staff development programs.
Senior Manager at Algo Arbitrage Risk Proprietary Desk
Master Capital Services Limited
09.2020 - 05.2023
- OMNESYS(NEST TRADER/Refinitiv) / GREEKSOFT Blocking-Unblocking of scrips or Traders as per Exchange/Company policy.
- Margin/MTM Limits set on GREEKSOFT/Refinitiv / OMNESYS(NEST TRADER/Refinitiv).
- Support for trader’s regarding any query related to RMS and front end of GREEKSOFT/OMNESYS(NEST TRADER/Refinitiv).
- Surveillance of trader’s Risk of Algo desk using N-Prime and Rising’s Saviour softwares.
- Analysis of Strategies of arbitragers created.
- Testing and development of Risk surveillance software namely N-Prime for arbitrager’s RMS desk.
- Coordinate with the IT team and Risk Surveillance Software Vendor for Technical issues.
- Raise new requirements to Surveillance Software Vendor and IT team regarding new changes as per exchange policies.
- Monitoring of Margin’s and MTOM’s of PRO Desk positions.
- Monitoring of MWPL of PRO Desk positions.
- Providing support to Trader’s for queries related to RMS.
Assistant Manager at Risk Management Department
INDIABULLS Securities Limited
01.2019 - 08.2020
- Solving Trade related queries and issues of RM’s/Branch/Client on OMNESYS/NEST TRADER/Refinitiv.
- Handling the checking of BOD processes of OMNESYS/NEST TRADER/Refinitiv.
- Coordinate with the IT team and OMNESYS(NEST TRADER/Refinitiv) Trading Software Vendor for Technical issues and report to them.
- Raise new requirements to OMNESYS(NEST TRADER/Refinitiv) team and IT team regarding new products.
- Testing of New Versions of NEST TRADER on UAT, that is company’s risk management and trading system.
- Implementation on new versions of NEST TRADER on LIVE system from UAT, after successful tested on UAT system.
- Develop new products with extra leverages or less brokerage in Equity/Futures/Currency as per management and clients requirements on Nest Trader
- Provide Leverages to client on behalf of RM’s and Zonal Heads.
- Surveillance of Client’s Risk on the system and taking actions accordingly.
- Square-off of client’s positions based on their losses.
- Handling Sales team queries regarding trade activities.
- Provide Information regarding the existing and new products to Sales team.
- Regular assessment of Risk in the Leveraged products.
- Regular assessment of high volatile scrip and reduces the leverages or remove the scrip from high leveraged products.
Assistant Manager at Risk Management Department
Master Capital Services Limited
05.2012 - 12.2018
- Handling the checking of BOD processes.
- Do testing of New Versions of OMNESYS(NEST TRADER/Refinitiv) on LIVE from UAT, after successful tested on UAT system.
- Implementation on new versions of OMNESYS(NEST TRADER/Refinitiv) on LIVE from UAT, after successful tested on UAT system.
- Working for new products as per management and clients requirements with managing the risk.
- Monitor the Client’s positions & Solve the queries of respective branches as well as clients.
- Handling Fund withdrawal & Stock withdrawal requests.
- Providing Margin limits to branches for trading & taking decision for position reduction.
- Analyzing the position standing below required margin and informing the same to the respective branches.
- Regular follow-up the commitments of the branches.
- Set and monitoring maximum funding limits to individual clients, branches and sub-brokers.
- Monitoring Probable Margin Shortfall in FNO Segment.
- Square-off client’s position on MTM % & Margin warning percentage basis.
- (80% Loss of available margin or 500% margin used of available margin.)
- Regular Monitoring the Margin % of BSE Cash, NSE Cash, Currency & Derivative, MCX, NCDEX, MCX-SX segment on corporate ID, and inform to the respective department for fund arrangements.
- Preparation and making of Tentative and Penalty reports for NSE-FO, NSE-CD and BSE-FO segments, and intimate about it to the respective branches for shortage.
- Taking all the backup of OMNESYS, e-mails, messages and alerts on daily basis.
Education
M.B.A. - Finance Major and IT Minor
IIMS Jaipur, Affiliated to Rajasthan Technical University, Kota
B.C.A. - undefined
National College of Technical Education Jaipur, Affiliated to University of Rajasthan
Skills
- Risk Management, Algo Arbitrage Risk, Regulatory Compliance, Surveillance
- Trading App : OMNESYS (NEST Trader), GREEKSOFT, Convex, ODIN, XTS, Refinitiv
- MS Word, PowerPoint, Excel(VLOOKUP, PIVOT TABLE, Basic data formatting and assessment etc)
- Windows 10, Windows 7, Vista, XP, 2000
- MS Paint, Photoshop, English, Hindi
- Operations management
- Organizational development
- Adaptability and flexibility
- Decision-making
- Staff training/development
Certification
- NISM Series VII – Securities Operations and Risk Management
- NISM Series VIII - Equity Derivatives Certification
Languages
English
Hindi
DECLARATION
I hereby declare that the information furnished above is true to the best in my Knowledge and belief.
Timeline
Associate Vice President (Team Lead) at Risk Algo & Arbitrage Desk
Motilal Oswal Financial Services Limited
05.2023 - Current
Senior Manager at Algo Arbitrage Risk Proprietary Desk
Master Capital Services Limited
09.2020 - 05.2023
Assistant Manager at Risk Management Department
INDIABULLS Securities Limited
01.2019 - 08.2020
Assistant Manager at Risk Management Department
Master Capital Services Limited
05.2012 - 12.2018
B.C.A. - undefined
National College of Technical Education Jaipur, Affiliated to University of Rajasthan
M.B.A. - Finance Major and IT Minor
IIMS Jaipur, Affiliated to Rajasthan Technical University, Kota
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