Ashish Patel

Assistant Vice President - Risk (Stock Broking)

Talent

Mumbai, MaharashtraMember since June 27, 2023

Hire this person

Send a job offer directly to this candidate

About

Experienced with 10+ years in Stock Market risk management. Expertise in Market Risk, Credit Risk, &

Operational Risk. Proven track record in mitigating risks, analyzing trends, and optimizing processes.Strong communicator and trusted advisor. Ready to drive growth and contribute to success.

Experience

03/2020 – present

Nuvama Wealth Ltd (Mumbai, India)

Assistant Vice President – Risk

•ESOP Book Management: Handle ESOP book processes, including reviewing corporate proposals, initial funding, funds and securities payout, addressing shortfalls, hedging, stress testing, RBI compliance, and risk aging.

•Approved Securities Classification: Define an approved securities list and classify them into various haircut buckets.

•Funding Management: Manage funding against shares, including evaluation and approval of funding against securities, mutual funds, and bonds.

•Capital Market Processes: Thorough understanding of order and trade management, margin funding, clearing and settlement, balancing, and reconciliation for equities and derivatives.

•Risk Process Management: Ensure smooth functioning of daily risk processes,

covering T+5 and risk liquidation, trade modifications, etc.

•Program Development and Approval: Provide logic and develop programs, obtain

BRS approval, conduct UAT, and obtain approval for going live.

•Risk MIS and Dashboard: Generate risk-related MIS reports and develop dashboards for top management.

•Trading Platform Testing: Conduct UAT and CUG testing of new trading platforms.

•Regulatory Compliance: Daily review of exchange and regulatory circulars and implementation of necessary changes in collaboration with stakeholders.

•Haircut Review: Periodically review haircut parameters and obtain necessary approvals.

09/2018 – 03/2020

ICICI Securities Ltd.

Manager - Corporate Risk Management

•Institutional Client Limits: Set and manage limits for institutional clients as per risk policies.

•Trading Platform Testing: Test newly incorporated additional parameters of trading platforms (Omnesys, Trade Racer) for optimal functionality.

•Business Solutions: Develop and implement programs and logic to provide effective business solutions.

•Adhoc Limit Approval: Approve adhoc limits in accordance with the risk policy.

•Stress Testing: Conduct stress testing to evaluate and address potential risk scenarios.

•ESOP Funding/Shortfall: Manage funding and address any shortfalls related to

ESOP.

•MIS: Generate necessary MIS reports for risk-related analysis and decisionmaking.

•Risk Analysis: Perform risk-related analysis to identify and mitigate potential risks.

•Regulatory Compliance: Stay updated with exchange and regulator circulars and implement required changes.

•Scrip Basket Management: Create and manage scrip baskets as per risk policy guidelines.

08/2011 – 09/2018

Edelweiss Broking Ltd.

Assistant Manager - Risk

Risk Mitigation: Set and manage client limits on branch calls to effectively mitigate risks.

•Position Monitoring: Monitor client positions, margins, and exposure, and take necessary actions, including position liquidation.

•Stress Testing: Conduct stress testing to assess potential risk scenarios and ensure robust risk management practices.

•Compliance and Audit: Provide clarifications to internal, statutory, and regulatory auditors regarding risk-related matters, ensuring compliance.

•Risk Framework Oversight: Oversee and review the Risk Framework and Policy,

ensuring their effectiveness and alignment with organizational goals.

•Trading Platform Evaluation: Test and evaluate trading platforms, incorporating new parameters for seamless operations.

•Business Solutions: Develop innovative programs and logical frameworks to address business challenges and optimize risk management.

•Credit Risk Management: Assess and sanction funding while effectively managing credit risk, particularly LAS .

•Performance Dashboards: Prepare comprehensive dashboards for senior management review, providing clear insights into risk-related metrics.

•Collaboration and Communication: Collaborate with branch and zonal heads, stay updated with circulars, and conduct risk-related analysis to identify and mitigate potential threats, ensuring efficient risk management practices.