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Current Openings

"MSE offers exciting career opportunities for committed and ambitious persons with banking and financial background, as well as freshers and professionals from diverse field Our remuneration structure ranks with the best in the country.

MSE is Hiring

Assistant Manager - Surveillance and Investigation

Role

Assistant Manager - Surveillance and Investigation

Location

Mumbai

Qualification Profile
B.com/M.com/MBA
Experience

3

Job Responsibilities

    Assistant Manager – Surveillance and Investigation

    Detailed Job description :

     -- To handle day to day activities pertaining to Surveillance & investigation of Equity, Equity F&O and Currency Derivatives segment to ensure data integrity, Regulatory compliance, timely submission of Regulatory reports, ad hoc queries raised by Regulator and MIS. ~~ -- To analyse and evaluate the alerts from depositories, surveillance system and the scrips referred by SEBI. ~~ -- Checking ad hoc MIS for senior management. ~~ -- Computation of monthly penalties and solving queries from members with respect to quarterly shareholding disclosure of securities. ~~ -- Issuance of circulars - Checking and issuing circulars on website accurately and to draft circulars in order to disseminate the directions issued by SEBI. ~~ -- Make necessary updates in the system for debarred entities. Sending letters to the concerned member & mails to the concerned departments if the entities mentioned therein are registered with the Exchange. ~~ -- Evaluation and analysis of alerts - Analysis of alerts sent by surveillance, depositories or scrips referred by SEBI and preparing the closure report thereof. ~~ -- Handling queries, preparing reports during SEBI inspection and quarterly disclosures. ~~

    Key Skills and Experience:

    -- Knowledge of Capital and Currency Market, Exchange and SEBI compliance. ~~ -- Knowledge of MS Excel, Business analysis tools etc. ~~ -- Should be able to draft letters and communicate with market participants. ~~ -- NISM certifications would be preferred. ~~ -- Exchange background would be preferred. ~~

Assistant Manager - Membership

Role

Assistant Manager - Membership

Location

Mumbai

Qualification Profile
Graduate
Experience

3

Job Responsibilities

    Assistant Manager – Membership

    Detailed Job description :

     -- Processing of applications pertaining to Registration, Activation, de-activation and surrender of membership. ~~ -- Regular maintenance processes like Change in Shareholding, Directors, Control Change, Merger, De-merger, Amalgamation. ~~ -- Processing of application pertaining to Registration, Cancellation of Authorized Person and its regular changes with regards to name, directors/partners, addresses. ~~ -- Processing of Application pertaining to allotment, shifting and cancellation of User id given to members. ~~ -- Record Half/Yearly compliances like Net worth, Audit Report, Annual Report, Member Insurance, NOC pertaining to Status report etc or any such compliances as required from time to time along with compliances of membership department with SEBI. ~~ -- SEBI Inspection, Internal Audit Compliance and any other regulatory requirement from time to time. ~~

    Key Skills and Experience:

    -- Functioning of Stock Exchange and SEBI. ~~ -- Should have NISM Certification. ~~

Manager – Legal

Role

Manager – Legal

Location

Mumbai

Qualification Profile
LLB, LLM
Experience

6-8+ Years

Job Responsibilities

    Manager – Legal

    Detailed Job description :

    Litigation:

     -- Analyzing and identifying the legal risks its implications on all Business transactions and to suggest mitigation measures to avoid litigation/ disputes. ~~ -- Coordinate with Lawyers/ Counsel, update the case facts and proceedings to the management in a timely basis. ~~ -- Attend the court hearing for the cases and continuously keep track of all the proceedings in each of the case hearings. ~~ -- Draft the replies and complete documentation of ongoing case matters. ~~ -- Coordinate with concerned Departments to verify information submitted and its factual position. ~~

    Non-Litigation:

    -- Provide pro-active, practical, qualitative and cost-effective legal support and guidance to different business functions on all kinds of legal matters, including but not restricted to labor laws, property/real estate laws, information technology and data privacy laws, intellectual property laws, trademark laws etc. ~~ -- Draft and/or review and negotiate on legal contracts/agreements/documents, including vendor contracts, retainer contracts, non-disclosure agreements etc. ~~ -- Draft and/or vet and negotiate on MOUs, bank guarantees, indemnity bonds, undertakings, authority letters and other such legal documents, while ensuring that they are complaint with all applicable laws. ~~ -- Provide regular and timely legal advisory, statutory updates and legal dashboards to senior management/business heads. ~~ -- Monitor and assist with ensuring compliance of various statutes applicable to the organization. ~~ -- Ensuring that all allegations of legal misconduct are reported in a timely manner in an attempt to maintain integrity within the business. ~~

    Skill Required:

    -- Experience of working with Stock Exchanges, Broking firms would be preferred. ~~ -- Experience in providing legal and documentation support for all strategic business decisions. ~~ -- Expertise in dealing with a wide variety of legal matters. ~~

Sr. Manager/AVP – Taxation (Finance and Accounts)

Role

Sr. Manager/AVP – Taxation (Finance and Accounts)

Location

Mumbai

Qualification Profile
CA, CS & MBA
Experience

8+ years

Job Responsibilities

    Sr. Manager/AVP – Taxation (Finance and Accounts)

    Detailed Job description :

    A. Financial Accounting:

    -- Ensure maintenance of proper books of accounts. Interaction with auditors and Audit closure on quarterly basis. ~~ -- Compliances with all laws and accounting standards including SEBI and LODR requirements. ~~ -- Prepare, Oversee and Finalization of quarterly and annual accounts on Standalone and Consolidated basis. Compliance with all accounting policies. ~~ -- Monthly closure of accounts and period closing. Scrutiny of GLs, FAR, vendors and Receivables. ~~ -- Ensure timely closure of accounts of all Companies / Trusts in the Group. Preparing analytical review for quarterly audit. ~~ -- Overview Inter Company Transaction and reconciliation. Finalization of Audit committee Agenda and presentation. ~~ -- Work on process improvements and through automation. Draw SOPs for ensuring checks and controls in processes and oversee their adherence. ~~ -- Participate in the IT and system implementation and drive them. Ensure daily Bank reconciliation and no item is open in the statement. ~~

    B. Taxation:

    I) Tax Strategy and Planning:

    -- Develop and implement tax strategies that align with the company's goals and objectives. Identify tax-saving opportunities, ensure effective tax planning, and maintain the company's tax-efficient status. ~~

    II) Compliance:

    -- Oversee and ensure timely filing of all tax returns, including corporate income tax, GST, PF, PT, and other relevant taxes. Ensure the company complies with tax laws and regulations at local, state, and central levels. Liaise with tax authorities during audits, disputes, and other tax-related matters. ~~

    III) Tax Reporting:

    -- Oversee the preparation of quarterly and annual tax provisions. Ensure accurate and up-to-date tax reporting in financial statements. Work with external auditors to complete the tax-related sections of audits ~~

    IV) Risk Management:

    -- Monitor tax risks and mitigate them by ensuring the company follows best practices in tax management. Stay updated on changes in tax laws and assess their impact on the company's operations. ~~

    V) Team Management:

    -- Lead and manage a team of tax professionals, providing guidance and mentoring. Foster a collaborative environment and ensure that the team stays updated with tax developments. ~~

    VI) Advisory and Support:

    -- Provide strategic tax advice to senior management and other departments to ensure tax considerations are integrated into business decisions. ~~

    VII) Tax Audits and Disputes:

    -- Manage any ongoing or potential tax audits and disputes. Work closely with legal and finance teams to resolve tax issues. ~~

    VIII) Cross-Functional Collaboration:

    -- Work with other teams to ensure seamless tax reporting and compliance. Collaborate with external tax consultants and advisors when necessary. ~~

    C. Audit of Accounts:

    -- Interaction with Statutory auditors / Internal auditors for Audit closure on a quarterly basis. ~~ -- Closure of all audit issues with all departments. ~~ -- Finalize audit report at the end of audit. ~~ -- Ensure that Internal audit is done and all issues are actioned upon. ~~

    D. Planning & Budgeting:

    -- Prepare Annual budget on all parameters like Revenue, cost, GM, P&L & EBITDA etc. with the help of all stakeholders. ~~ -- Monitor the actual performance with respect to Budget, variance analysis vis-a-vis budget, reporting the same to the Management. ~~ -- Checking actual capital expenditures and keeping track vis-a-vis budget. ~~

    E. MIS & Reporting:

    -- Prepare, analyse, and summarize various weekly, monthly, and periodic reporting. ~~ -- Timely and accurate reporting on various business parameters like Turnover, COGS, Gross Margin, Expenses, EBITDA, Cash flows & variance analysis etc. ~~ -- Revenue trend analysis and preparation of various schedules on income parameters for audit and for reporting. ~~ -- Monitoring of expenses, cost centre wise analysis and preparation of variance report. ~~

AVP / VP – Surveillance and Investigation

Role

AVP / VP – Surveillance and Investigation

Location

Mumbai

Qualification Profile
Post Graduate ; CA
Experience

10 - 15+ years

Job Responsibilities

    AVP / VP – Surveillance and Investigation

    Detailed Job description :

    Investigation:

    Evaluation and analysis of alerts:

    -- Analysis of alert sent by surveillance, depositories or scripts referred to by SEBI and preparing the closure report thereof. ~~ -- Overlook on drafting various suspicious activity reports of clients, trading members who undertake unfair trade practices in Currency Derivatives, Capital Markets and Equity Derivatives. ~~ -- Analysis of various audit reports. Issuance of circulars with respect to orders issued by SEBI. ~~

    Surveillance:

    1) Market Monitoring and Generation of Alerts:

    a) Online Real time Surveillance:

    -- Real time monitoring of variations / movements of market ( Price & volume) of the underlying on an ongoing basis through surveillance system to identify any significant changes in price/trade volume of the contracts / Scripts. Monitoring Open Interest of different Categories at various levels, Cautioning HFT traders for their OTR, RRM, etc. ~~

    b) Offline Surveillance:

    -- Lead and overlook on generation of offline alerts on different parameters on daily basis, i.e, cases of abnormal pattern, suspect manipulation including Self trades, reversal trades, Circular trading, insider trading etc. Review the alerts generated on a daily basis and follow up on the actions taken thereafter. Analysis of daily Closing Price w.r.t set parameters, calculating Cost of Carry. ~~

    2) Operational Process & Regulatory Compliance:

    -- Periodic reviewing and setting the internal benchmark values for Alert generations. ~~ -- Daily reconciliation of FOVEA alert Parameters. ~~ -- Oversee and verify all processes with respect to surveillance actions i.e Daily Closing prices, Price band changes, Trade to trade segment transfers, rumour verification. Etc. ~~ -- Ensuring to send EOD MIS reports on timely & accurate basis to the appropriate audience. Verify the critical data/reports before sending it to regulators and senior management ~~ -- Coordinate with other Exchanges & SEBI to resolve issues / queries regarding date provided for Integrated Market Surveillance System Ensuring glitch free trading from DR site. ~~

    3) System Development & Policy changes:

    -- Identify areas of improvement and development of surveillance system (in coordination with Development team) and recommend necessary modifications. ~~ -- Review and propose policy changes in line with regulatory changes proposed by SEBI UAT testing and getting the required changes done as per prescribed BRS/SRN. ~~ -- Automation of reports in BO system for efficient Offline Surveillance alert generation. ~~

    Skills Required:

    -- Knowledge of capital market & exchange/ broking operations would be preferred. ~~ -- Strong Communication Skills in English (Both written and oral). ~~ -- Good presence of mind / Sharpness is required for this role. ~~

Assistant Vice President - Membership & Inspection

Role

Assistant Vice President - Membership & Inspection

Location

Mumbai

Qualification Profile
Postgraduate/ CA/CFA/CS/MBA-Finance with relevant experience
Experience

10 - 12 years

Job Responsibilities

    Asst. Vice President - Membership & Inspection

    Detailed Job description :

     -- Supervising Audit & Inspection of members of the Exchange. ~~ -- Supervising processing of application pertaining to Registration, Activation, de-activation and Surrender of membership. ~~ -- Regular maintenance processes like Change in Shareholding, Directors, Control Change, Merger, De-merger, and Amalgamation. ~~ -- Supervising Processing of application pertaining to Registration, Cancellation of Authorised Person and its regular changes regarding name, directors/partners, addresses. ~~ -- Processing of Application pertaining to allotment, shifting and cancellation of UserID given to members. ~~ -- Half /Yearly compliances like Net worth, Audit Report, Annual Report, Member Insurance. ~~ -- SEBI Inspection, Internal Audit Compliance and any other regulatory requirement from time to time. NOC pertaining to Status report etc. ~~ -- Conducting of On-site Inspections and post-inspection compliance as per prescribed guidelines. Implementation of Enhanced supervision, Action based on alerts received from Enhanced Supervision System. ~~ -- Verifying the data reported in Risk Based Supervision and Holding Statement activity. Issuing Exchange related circulars to the market within the prescribed time frame. ~~ -- Verification of compliance by members of various requirements like Internal Audit Report, System Audit Report, Quarterly Compliance Certificate, Client Funding disclosure, Advertisement. ~~

Sr. Manager / AVP – IT Infrastructure & Network

Role

Sr. Manager / AVP – IT Infrastructure & Network

Location

Mumbai

Qualification Profile
BE - Electronics / B.Sc. – IT / Post Graduate / Graduate / Diploma in Computers. Certifications: CCNA / CCNP, Red Hat Certified System Administrator (RHCSA), ITIL Certification
Experience

8 to 12 years

Job Responsibilities

    Sr. Manager / AVP – IT Infrastructure & Network

    Detailed Job description :

    Network and Security Management:

     -- Health monitoring of links, network devices, and security devices using PRTG and other device management consoles. ~~ -- Configuration and troubleshooting of Checkpoint, Juniper, Cyberoam, and Fortinet firewalls. Manage and troubleshoot firewall access policies, NAT policies, and VPN configurations. ~~ -- Configuration and management of Cisco/Nexus switches and Cisco routers. Knowledge of TCP/IP, UDP, ICMP, DHCP, LAN/WAN security, BGP, QoS, VLAN, HSRP, STP, VTP, VPN. ~~ -- SSL VPN device configuration, monitoring, and ensuring routing and switching efficiency. ~~ -- Management of daily SOD & EOD activities as per Network team SOP / Checklist. Monitoring health parameters & managing backups (Daily / Weekly / Monthly) for all network and security devices. ~~ -- Co-coordinating timely resolution of reported issues from operations and customer support teams. Ensuring timely communication with ISPs and internal departments for billing, new link orders, and issue resolutions. ~~ -- OEM/TAC communications for new installations and troubleshooting. ~~ -- Documentation management: Inventory of hardware, connectivity links, incident reports, security audit assessments. ~~ -- Ready to work in shifts and flexible work hours/days as required. ~~

    IT Infrastructure Management:

     -- Administering Exchange Trading Servers, Storage & Clusters, and Databases. Managing day-to-day delivery of services ensuring effective operation of the exchange trading platform. ~~ -- Strong understanding of stock exchange functioning with SEBI RTO and RPO compliance. Facilitating DC and DR Live movement as per SEBI RTO and RPO norms. ~~ -- Participating in disaster recovery exercises and executing DR tests with IT Teams. ~~ -- Identifying infrastructure improvement opportunities and collaborating with application and network teams for implementation. ~~ -- Problem Management – Performing root cause analysis for production issues and driving resolutions. Regular communication of status, risks, and issues to senior management and stakeholders with recommendations for remediation or change. ~~ -- Experience in handling production support for Exchange Trading infrastructure. ~~

    Technical Skills Required:

    -- Network: TCP/IP, UDP, ICMP, DHCP, LAN/WAN security, BGP, QoS, VLAN, HSRP, STP, VTP, VPN. ~~ -- Security: Checkpoint, Juniper, Cyberoam, Fortinet, SSL VPN. ~~ -- Infrastructure: Virtualization (Hypervisor/VMware), Storage Clusters, Server OS, and Relational Database Systems. ~~ -- Tools: MS-Office (Excel, Word, PowerPoint), MS-Visio, Wireshark, CommView. ~~

Chief Technology Officer

Role

Chief Technology Officer

Location

Mumbai

Qualification Profile
B.E./B.Tech//M.Sc/M.Tech/MCA/MBA-Systems/Post Graduate Qualification in Computers/Relevant Qualification
Experience

15-20+ Years

Job Responsibilities

    Chief Technology Officer

    Detailed Job description :

     -- Strategy To create and maintain Information Technology & Management strategy in line with stakeholder needs and in keeping up with current best practice in the field of IT. ~~ -- Governance - To ensure Technology and Management are in-line with agreed strategy and policy. To ensure that policy and strategy is in compliance with regulatory norms and standards. ~~ -- Development - To manage the further development and implementation of current projects and new projects, as per the requirement of the Exchange. ~~ -- Implementation to manage the day-to-day operations of IT systems. Ensuring that planning, end-user impact, change management, training, quality management are properly addressed and monitored for adherence with deadlines and budgets, thereby ensuring that service levels are met and results delivered. ~~ -- IT Security To ensure the effective implementation of IT Security across the organization, and manage relationship with the Nodal agencies like NCIIPC, CERT-IN etc. to facilitate protection of Critical Information Infrastructure. ~~ -- Supply Management To manage relationships with (and between) external agencies and suppliers, ensuring that contracts and service levels are negotiated in line with strategic aims and financial constraints and ongoing service is in-line with agreed contracts. ~~ -- Budget - To manage the Annual Information Management budget and any associated funds. Specifically, to be responsible for the review, audit and prioritization of all information management tools, including the replacement cycle of Information Technology hardware, Service - To organize and implement servicing and support of IT systems to agreed service level standards. ~~ -- Staff - To develop and manage the Technology team, working with the team to plan and prioritize their workload, set objectives, conduct appraisals and guide them to continuously improve their performance and results. ~~ -- Business Continuity - To develop and maintain the Major Incident & Business Continuity plan for IT and to implement measures designed to safeguard the Information Technology and Management needs of the Exchange in the event of major incidents or disasters. ~~

    Candidate Profile:

    -- At least Five years of experience in a senior role Technology/IT of an Exchange / Clearing Corporation / Depository / Broking Firm/Capital Markets/Financial Domain is required. ~~ -- Should have experience in IT Infrastructure Management, IT Security, SDLC Process, network management. ~~ -- Professional Certifications in IT Management and IT Security would be an added advantage. ~~ -- Project Management good presence of mind / Sharpness is required for this role. ~~ -- Should have experience in ISO27001, ISMS and BCP/DR Processes. ~~ -- Should have experience in Exchange/Capital Markets/Financial Domain. ~~ -- Should have strong People Management Skills and should be able to drive the team. ~~ -- Should have strong Analytical, Communication, Writing and Presentation Skills. ~~

Head - Market Operations

Role

Head - Market Operations

Location

Mumbai - Piramal Agastya Corporate Park (Kurla)

Qualification Profile
CA/MBA
Experience

18+ Years

Job Responsibilities

    Head - Market Operations

    Detailed Job description :

     -- Ensuring smooth functioning of all Operational activities of various segments offered by the Exchange in coordination with other MIIs including Beginning of Day(BOD), Intraday and End of Day (EOD) operations. ~~ -- Identifying system enhancements, automation in line with the regulatory requirements and ensure smooth implementations after conducting UAT and Mocks. ~~ -- Spearheading transformation initiatives for implementing software development/system enhancement for critical operations and capability to actively collaborate with technology, regulatory and other functional teams. ~~ -- CTCL and Algo ID activations as per regulatory norms. Participate in various policy formulating initiatives of SEBI. ~~ -- Engage with various stakeholders including Auditors and Inspections. Maintenance of Disaster Recovery(DR) site as per regulatory requirement. ~~ -- Manage a team handling daily operations for the various segments offered by the Exchange. ~~ -- Index Management. MIS and Data Analytics. ~~

    Skillset Required:

     -- In depth knowledge of Indian Securities market value chain, the market infrastructure institutions(MIIs) and in particular Exchange activities. ~~ -- In depth understanding of the regulatory framework including SEBI regulations, circulars and assess its impact on the operations. ~~ -- Should be able to participate in regulatory policy formulating initiatives of SEBI. ~~ -- Ability to proactively contribute to system enhancement and automation of activities. ~~ -- Expertise in leading a large and diverse team to manage process driven activities to be performed as per defined SLAs. ~~ -- Should be able to handle exceptional situations, crisis scenarios and manage business continuity of operational functions. ~~ -- Should possess good inter-personal and communication skills. ~~ -- Work experience with MII or SEBI registered intermediary shall be an added advantage. ~~

    Knowledge:

     -- Knowledge of Statutory Requirements which is applicable for Financial Markets. ~~

    Technical Skills:

     -- Efficient in Microsoft Excel – hands-on on Macros (added advantage). ~~

    Soft Skills:

     -- High Adaptability, System Understanding, Presentable and Good Communications Skills. ~~

    Certifications:

     -- CA/MBA – Finance with Capital Market Knowledge and Experience in Data Analysis. ~~

Relationship Manager - Business Development

Role

Relationship Manager - Business Development

Location

Delhi , Kolkata & South

Qualification Profile
Experienced Graduate, MBA - Finance, Any Post Graduate with relevant certifications
Experience

2+ Years (upto 7 Years)

Job Responsibilities

    Relationship Manager – Business Development :

    Detailed Job description :

     -- Introduce and create market for Exchange products: New Memberships and participation in Currency Derivatives, Equity, Equity Derivatives, Cash, Futures & Options, Interest Rate Futures, Debt, and Exchange Traded Funds. ~~ -- Develop the database, tap and build strong relationships with Stock Broking firms, Corporates & Financial Institutions through developing mutually beneficial relationships. ~~ -- Develop close relationships within trade bodies and associations to attract SMEs on the platform. ~~ -- Provide service and support to members in registration, enablement day to day trading, operation, compliance. ~~ -- Resolve issues and complaints from clients and members regarding Trading operation, settlement, compliance to be resolved. ~~ -- Organizing seminars, trainings for Members, Investors and Dealers. ~~ -- Increasing Membership (Banks, Financial Institutions and Brokerages houses and intermediaries) and Listing of Corporates on the exchange will be key deliverables. ~~

    Technical Skills Required:

     -- Relevant experience with broking industry, bank or exchanges. ~~ -- Knowledge of currency segment is must, with added knowledge of Equity and Debt desired. ~~