Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Timeline
Generic

SAGAR UPADHYA

Panvel

Summary

An MBA in Finance with 17+ years of experience, a problem-solving and firefighting mindset, a strong understanding of broking and compliance with industry standards, and an excellent listener and quick learner with in-depth knowledge in the broking domain for all major products offered to HNI, retail online, and retail offline clients

Experienced with strategic planning, operational management, and team leadership. Utilizes analytical skills to develop and implement effective business strategies. Knowledge of financial planning and stakeholder management ensures sustainable growth and organizational success.

Overview

2026
2026
years of professional experience
6
6
Certifications

Work History

Associate Vice President Risk

LGT Capital Markets Private Limited
12.2024 - Current
  • Spearheading the development of enterprise-wide risk frameworks for financial instruments, with a core focus on enhancing risk oversight in HNI equity broking.
  • Driving cross-functional collaboration to streamline end-to-end trading operations, ensuring alignment with compliance requirements while maximizing operational efficiency.
  • Establishing and aligning back-office processes from the ground up, including workflow standardization, capacity planning, system automation, and data integrity improvements to ensure seamless trade execution and daily process.
  • Handling internal and external audits by ensuring risk control documentation, process compliance, and timely resolution of audit observations across operational, financial, and compliance domains.
  • Streamlining all process BOD as well as EOD commensurate with all Exchange compliances.
  • Back-Office Operations & Funds Allocation Oversight.
  • End to End testing of Front-end RMS and OMS trading workstation in accordance with organizations Risk framework for Equity, Derivative and MTF.


Sr. Manager Risk

Aaritya Broking Pvt. Ltd
10.2023 - Current
  • Established strong relationships with Vendors and stakeholders, ensuring long-term partnerships and repeat business.
  • Implemented and developed operational standards, policies and procedures.
  • Held monthly meetings to create business plans and workshops to drive successful business.
  • Testing and developing front-end trading solutions, while collaborating closely with Kambala to ensure and implement all relevant rules and changes as directed by the exchanges.
  • Playing a vital role in streamlining processes across various departments, including DP, Settlement, Compliance, and Marketing.
  • End-to-end testing and development of mobile and web trading platforms, middleware risk monitoring tools, and other relevant backend processes.
  • Managed large-scale projects and introduced new systems, tools, and processes to achieve challenging objectives.

MANAGER RISK

APAC Stock Brokerage Operations Pvt. Ltd.
7 2022 - 09.2024
  • Played a vital role in setting up RMS operations and exchange Circular implementations
  • Through co-ordination with in-House Product team for Allocation and segregation of funds
  • Testing thoroughly front-end Risk monitoring software (Rupeeseed) for front-end trading and monitoring operations
  • All routine processes and other front-end implementations in accordance with Exchange and business requirements, as well as CTCL maintenance
  • Exchange Approvals for Various product (Mobile, CTCL, WEB)
  • Setting of processes from Scratch with respective teams in cases of front-end dependencies
  • Setting Up all front-end broking operations for a new broker from the basics
  • Maintained a positive, professional working environment to optimize staff and customer satisfaction
  • Evaluated market conditions and competitor actions to develop successful marketing strategies
  • Achieved management objectives by consistently hitting deadlines and performance targets.

MANAGER RISK

Spark Capital Advisory (Spark Family Office)
08.2021 - 07.2022
  • Market watch, Risk Management -Operations and Surveillance Activity (Pan India Clients), Tracking Exchange Alerts through Trackwiz
  • (Cash / Derivatives / Currency Derivative, Risk Monitoring for clients through Spreadsheet prepared Every beginning of day (Retail / HNI / Custodian clients & Derivative strategies)
  • Managing Fund Requirements During the Day, working with Finance, proactively assessing usage, and escalating as needed
  • Using the ODIN admin terminal for risk management and surveillance
  • All routine processes and other Front-End implementations in accordance with Exchange and business requirements, as well as CTCL maintenance
  • Providing management with various monthly and weekly MIS and dashboards.

MANAGER RISK

Edelweiss Broking Pvt. limited (Now known as Nuvama)
02.2016 - 08.2021
  • Market surveillance, risk management, and operations (cash, derivatives, and currency derivatives) for Pan India clients, as well as agile tracking of clients' holding concentrations and large exposures in FNO on a daily and timely basis
  • Client risk monitoring and Profiling via Risk Team-developed in-house risk management software
  • Approving Portfolio funding requests based on customer needs after a thorough review of the portfolio
  • Using OMNISYS admin to manage risk management and surveillance activity
  • All routine process and other Front-End Developments as per business Requirements.

TRADER

UB COTTON Pvt. Limited
04.2015 - 11.2015
  • Surveillance & Risk
  • Managing funds invested in physical and future markets (cotton), as well as hedging positions in such markets as needed
  • Managing Import and Export remittances by hedging currencies through OTC desks (Registered Banks) in accordance with FEMA laws, regulations, and guidelines
  • Also monitoring ICE cotton and trading through international merchants on the New York Stock Exchange to hedge positions in the Futures and Physical markets.

SR. EXECUTIVE RISK

SBI Capital Securities Pvt. Ltd
09.2013 - 03.2015
  • Using Risk Reliable software and Personal Spread Sheets to manage RMS
  • Keeping a careful eye on margin deficits and MTM for the F&O segment and coordinating with branches and regional heads to get them back into line
  • Liquidation of thin margin positions and clearing of ageing debit in accordance with exchange rules and as needed in the event of a breach of the specified Threshold.

SR. EXECUTIVE

BP EQUITIES PVT. LTD
09.2012 - 04.2013
  • Risk
  • Managing RMS through Hawkeye Risk management software and agile tracking of thin margin open position
  • Tracking margin shortfalls and MTM in F&O segment closely and coordinating with Sub brokers, Zonal heads head to get regularized
  • Also Square off positions as and when required.

EXECUTIVE RISK

Angel Broking
10.2011 - 09.2012
  • Managing RMS using Risk Reliable software, closely monitoring margin shortfalls and MTM in the F&O segment and collaborating with the branches
  • Preparation of various MIS and presentations for stakeholders
  • Tracking Option strategies on a cliental level as per the risk perspective and Updating the head of risk.

TRAINEE

SYKES & RAYS EQUITIES (Sharing Delta Hedging Desk)
01.2010 - 10.2011
  • Strategies and Delta Hedging
  • Knowledge of strategies in Derivative segment (options and future) (premium based) Trained under Mr RAJESH B SANGHRAJKA (R.B.S Fin stock) as a Delta arbitrageur and Strategy planner
  • Good understanding with Greeks (Delta, Gama, Theta, Vega, and Vol) as well as premium-based strategies.

TRAINEE

KIFS SECURITIES PVT. LTD, RIK MANAGEMENT
01.2008 - 12.2009
  • Back Office Operations and Risk
  • Learnt basic RMS operations for ODIN Administrator like: Setting limits, squaring up positions as per M2M set
  • Managed R.M.S of over 250 franchises
  • Collection of Debit on weekly / Daily basis
  • BACK OFFICE / co-ordination
  • Ave back-office knowledge such as preparing presentations and maintaining data of Sub brokers expenses and handling their quires by coordinating to concerned department
  • Sub broker registration formalities and procedure with respective segments
  • Empanelment for institutional desk
  • Have taken active part for getting empaneled with 3 major institution banks for institution trade desk.

Education

School

St. Josephs High School
03.2002

H.S.C - Commerce

Maharashtra Board

B. Com - Commerce

SMDL College

MBA - Finance

NIMS

Skills

Advanced Microsoft Excel, PowerPoint, and Word

Certification

Certified Professional in capital Markets (BSE & JBIMS)

Accomplishments

  • I played an active role in the development of an in-house risk monitoring web-based module, successfully testing the essential logics, and assisting in risk mitigation by providing various filters for speedy results.
  • Led a team to develop an in-house Risk monitoring tool and automated placement of OFS and buy-back requests through a web application, earning recognition from upper management.

Timeline

Associate Vice President Risk

LGT Capital Markets Private Limited
12.2024 - Current

Sr. Manager Risk

Aaritya Broking Pvt. Ltd
10.2023 - Current

MANAGER RISK

Spark Capital Advisory (Spark Family Office)
08.2021 - 07.2022

MANAGER RISK

Edelweiss Broking Pvt. limited (Now known as Nuvama)
02.2016 - 08.2021

TRADER

UB COTTON Pvt. Limited
04.2015 - 11.2015

SR. EXECUTIVE RISK

SBI Capital Securities Pvt. Ltd
09.2013 - 03.2015

SR. EXECUTIVE

BP EQUITIES PVT. LTD
09.2012 - 04.2013

EXECUTIVE RISK

Angel Broking
10.2011 - 09.2012

TRAINEE

SYKES & RAYS EQUITIES (Sharing Delta Hedging Desk)
01.2010 - 10.2011

TRAINEE

KIFS SECURITIES PVT. LTD, RIK MANAGEMENT
01.2008 - 12.2009

School

St. Josephs High School

H.S.C - Commerce

Maharashtra Board

B. Com - Commerce

SMDL College

MBA - Finance

NIMS

MANAGER RISK

APAC Stock Brokerage Operations Pvt. Ltd.
7 2022 - 09.2024

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