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 robust 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:
- Straddle
- Strangle
- Covered Call
- Bull/Bear Spreads
- Iron Condor
- Butterfly
- Hedged and multi-leg strategies
- Monitor 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 trading
- Market orders, Limit orders, Stop Loss orders
- Order execution and trade lifecycle
- Corporate actions and their impact on positions
- Basic technical and market indicators

Futures

- Futures contracts and expiry
- Futures margin and leverage
- Mark-to-market (MTM)
- Contract specifications
- Open Interest and volume
- Futures position and exposure management

Options – Strong Knowledge Required

- Call and Put Options
- Strike price
- Premium
- Expiry
- Intrinsic and Time Value
- ITM / ATM / OTM
- Implied Volatility (IV)
- Open Interest and Volume
- Option Chain
- Option Greeks:
- Delta
- Gamma
- Theta
- Vega
- Option pricing fundamentals
- Expiry-day behaviour
- Volatility and its impact on option prices
- Multi-leg strategies
- Hedging concepts
- Short option risk
- Assignment/exercise concepts where applicable

Risk Management

The candidate should be comfortable monitoring:

- Real-time P&L;
- Realised and Unrealised P&L;
- Gross and Net Exposure
- Margin Utilisation
- Available Margin
- Position Limits
- Maximum Loss Limits
- Strategy-level Risk
- Client/Account-level Risk
- Concentration Risk
- Market Volatility Risk
- Option Greeks and portfolio-level exposure
- Drawdown
- Stop-loss and risk thresholds

Required Skills





- Strong understanding of Indian Stock Market and Derivatives Market
- Excellent knowledge of Options, Futures and Equity
- Practical experience in monitoring live trades
- Strong analytical and problem-solving skills
- Ability to quickly identify trading and risk anomalies
- Ability to work under pressure during live market hours
- Good understanding of trading platforms and broker systems
- Good Excel skills for analysis and reporting
- Strong attention to detail
- Good communication and incident-reporting skills

Experience

1–5 years of relevant experience in one or more of the following:

- Stock Broker
- Proprietary Trading Firm
- Algo Trading Company
- Investment/Trading Operations
- Market Surveillance
- Trade Surveillance
- Risk Management
- Derivatives Trading Operations
- Equity/Derivatives Dealing Desk

Candidates with hands-on experience in Options trading and live risk monitoring will be preferred.

Preferred Experience

Experience with:

- NSE/BSE markets
- NSE/BSE Futures & Options
- Broker trading platforms
- Trading APIs
- Algorithmic trading systems
- Real-time trading dashboards
- Risk management systems
- Market surveillance systems
- Option chain and derivatives analytics

Working 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

📌 Market Surveillance & Trading Risk Analyst (Indore)
🏢 Algoptions Technologies Private
📍 Indore