Market Surveillance & Trading Risk Analyst

Market Surveillance & Trading Risk Analyst Company: Algoptions Technology Private Limited Location: Indore, Madhya Pradesh Job Type: Full-time Work Mode: Work from Office Experience: 1–5 Years Department: Trading Operations / Risk Management About the Role Algoptions Technology Private Limited is looking for a Market Surveillance & Trading Risk Analyst to monitor live trading activities, manage trading risk and identify unusual or potentially risky trading patterns across our algorithmic trading platform. The role will primarily focus on Options trading, along with Futures and Equity markets. The ideal candidate should have strong practical knowledge of financial markets, derivatives, options strategies, positions, margin, P&L and risk management. This is a live market operations and risk-monitoring role, requiring the candidate to closely monitor trades, positions, exposures and trading systems during market hours. Key Responsibilities Monitor live Options, Futures and Equity trades, orders and positions. Monitor overall trading activity and identify unusual, abnormal or high-risk trades. Monitor open positions, exposure, margin utilisation, P&L and risk limits. Closely monitor Options positions including Call/Put, Strike Price, Expiry, Premium, IV, Greeks and Open Interest. Understand and monitor common Options strategies such as:StraddleStrangleCovered CallBull/Bear SpreadsIron CondorButterflyHedged and multi-leg strategiesMonitor risk associated with short options, naked positions and leveraged positions. Understand the impact of Delta, Gamma, Theta and Vega on Options positions. Monitor changes in market conditions and their impact on live strategies. Identify excessive losses, abnormal P&L movements, unexpected positions or unusual order behaviour. Monitor position limits, exposure limits, margin requirements and risk thresholds. Verify that algo strategies are operating within predefined risk parameters. Monitor order execution, rejected orders, partial fills, duplicate orders and unexpected trades. Escalate critical trading/risk incidents immediately to the appropriate team. Investigate trading incidents and perform initial root-cause analysis. Maintain daily surveillance, risk and incident reports. Coordinate with the technology, trading and operations teams for trading-related issues. Monitor broker connectivity and trading API-related issues affecting order execution. Maintain proper records of surveillance alerts, incidents and actions taken. Assist in improving trading surveillance rules, risk checks and monitoring processes. Required Knowledge The candidate must have strong practical knowledge of: Equity Market Stocks and Equity tradingMarket orders, Limit orders, Stop Loss ordersOrder execution and trade lifecycleCorporate actions and their impact on positionsBasic technical and market indicatorsFutures Futures contracts and expiryFutures margin and leverageMark-to-market (MTM)Contract specificationsOpen Interest and volumeFutures position and exposure managementOptions • Strong Knowledge Required Call and Put OptionsStrike pricePremiumExpiryIntrinsic and Time ValueITM / ATM / OTMImplied Volatility (IV)Open Interest and VolumeOption ChainOption Greeks:DeltaGammaThetaVegaOption pricing fundamentalsExpiry-day behaviourVolatility and its impact on option pricesMulti-leg strategiesHedging conceptsShort option riskAssignment/exercise concepts where applicableRisk Management The candidate should be comfortable monitoring: Real-time P&LRealised and Unrealised P&LGross and Net ExposureMargin UtilisationAvailable MarginPosition LimitsMaximum Loss LimitsStrategy-level RiskClient/Account-level RiskConcentration RiskMarket Volatility RiskOption Greeks and portfolio-level exposureDrawdownStop-loss and risk thresholdsRequired Skills Strong understanding of Indian Stock Market and Derivatives MarketExcellent knowledge of Options, Futures and EquityPractical experience in monitoring live tradesStrong analytical and problem-solving skillsAbility to quickly identify trading and risk anomaliesAbility to work under pressure during live market hoursGood understanding of trading platforms and broker systemsGood Excel skills for analysis and reportingStrong attention to detailGood communication and incident-reporting skills Experience 1–5 years of relevant experience in one or more of the following: Stock BrokerProprietary Trading FirmAlgo Trading CompanyInvestment/Trading OperationsMarket SurveillanceTrade SurveillanceRisk ManagementDerivatives Trading OperationsEquity/Derivatives Dealing DeskCandidates with hands-on experience in Options trading and live risk monitoring will be preferred. Preferred Experience Experience with: NSE/BSE marketsNSE/BSE Futures & OptionsBroker trading platformsTrading APIsAlgorithmic trading systemsReal-time trading dashboardsRisk management systemsMarket surveillance systemsOption chain and derivatives analyticsWorking Hours 8:30 AM – 6:00 PM The candidate must be available during Indian market hours and be comfortable working in a live trading environment. Qualifications Bachelor's degree in Finance, Commerce, Economics, Mathematics, Engineering or a related field.NISM certifications related to Equity Derivatives / Currency Derivatives / Securities Operations / Risk Management will be an advantage. Who We Are Looking For We are looking for someone who understands that market surveillance is not just watching a screen. The person should be able to understand what is happening in a trading strategy, assess the associated risk, identify unusual behaviour and take appropriate action quickly. A candidate who has personally worked with Options positions, Futures, trading strategies, P&L, margin and live market operations would be an ideal fit. Pay: ₹10,000.00 - ₹25,000.00 per month Work Location: In person