SAGAR UPADHYA
Risk Management Operation's & trade Surveillance
Panvel
Summary
An MBA in Finance with 14+ 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
Overview
17
17
years of professional experience
6
6
Certifications
Work History
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.
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
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
Kalamboli03.2002
H.S.C - Commerce
Maharashtra Board
Mumbai 03.2004 -
B. Com - Commerce
SMDL College
03.2008 -
MBA - Finance
NIMS
08.2013 -
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
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
MBA - Finance
NIMS
08.2013 -
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
B. Com - Commerce
SMDL College
03.2008 -
TRAINEE
KIFS SECURITIES PVT. LTD, RIK MANAGEMENT
01.2008 - 12.2009
H.S.C - Commerce
Maharashtra Board
03.2004 -
MANAGER RISK
APAC Stock Brokerage Operations Pvt. Ltd.
7 2022 - 09.2024
School
St. Josephs High School
Certified Professional in capital Markets (BSE & JBIMS)
NISM SORM
NISM Equity Derivative
NISM Currency Derivative
NISM Commodity Derivatives - XVI
Advanced Microsoft Excel, PowerPoint, and Word
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