Job Description - Senior Risk Management (RMS) – Derivatives & Proprietary Trading Location: Bangalore Experience: 6–10 Years Department: Risk Management Employment Type: Full-time Role Overview: We are hiring a Senior RMS professional to manage real-time risk for a proprietary derivatives trading business. This is a front-line risk ownership role with direct responsibility for trader-level and portfolio-level risk. The role requires strong independent decision-making during volatile and stressed market conditions while working closely with active traders and trading systems. Key Responsibilities: Real-Time Risk Monitoring • Monitor and manage real-time risk for individual traders and their derivatives portfolios • Track and control MTM and margin utilisation • Monitor product and expiry concentration • Track directional and volatility exposure • Monitor option Greeks including Delta, Gamma, Vega, Theta Strategy & Exposure Risk Evaluation • Evaluate risks from naked option positions • Assess short-volatility and high-gamma strategies • Monitor leveraged and directional books • Assess volatility and gamma behaviour during market stress Decision-Making & Square-Off Authority • Take independent and timely square-off decisions during sharp market moves • Act in margin stress situations • Enforce action on breach of internal risk limits • Manage rapid MTM drawdowns • Prioritise positions and traders during volatile market conditions • Decide on partial versus full position unwinds • Handle illiquid or fast-moving contracts effectively Risk Framework & Limit Management • Define and enforce trader-wise risk limits • Define and monitor strategy-wise limits • Implement product and expiry-wise limits • Manage intraday and overnight risk limits • Strengthen RMS controls and monitoring processes Collaboration & System Improvement • Work closely with trading and technology teams • Implement real-time alerts and automated risk triggers • Automate square-off rules • Enhance RMS dashboards and monitoring systems Post-Event Analysis • Conduct post-event and post-trade risk analysis for major P&L or risk incidents • Recommend improvements to risk frameworks and controls Required Experience & Skills • 6–10 years of hands-on RMS experience in a proprietary derivatives trading environment • Experience managing risk at an individual trader level • Strong understanding of options and complex option strategies • Knowledge of naked versus hedged positions • Understanding of volatility and gamma behaviour during market stress • Strong judgement in position unwinds and risk prioritisation • Experience with live RMS systems and real-time market risk monitoring tools • Ability to operate decisively in high-pressure trading environments Preferred Background • Experience in proprietary trading firms, quantitative or structured trading desks, or high-frequency/systematic setups • Exposure to index and stock derivatives portfolios with high intraday turnover