Senior Product Manager

Mobikwik is India's leading Digital Financial Services platform & Largest Digital Wallet, trusted by over 167 million users & 4.4 million businesses. As a pioneer in the Fintech space, Mobikwik empowers its users with a robust suite of services, including Digital payments, Credit & Investments. Recently, Mobikwik achieved a significant milestone with its Initial Public Offering (IPO), marking a new chapter in its journey of innovation & growth. With a mission to democratize financial inclusion, Mobikwik continues to transform how Indians manage their money, offering secure, seamless & user-friendly solutions that cater to a diverse range of financial needs.

Join us on our journey to democratize access to financial services for a billion Indians.

Job Title: Product Manager Broking

Location: Gurgaon (Work from Office 5 days a week)

Experience: 4-8 years in Product Management

We are looking for a sharp, execution-driven Product Manager to own Back-Office Operations Automation and Risk Management Systems for our stock broking business. You will be the single point of product ownership for BOD/EOD processes, RMS automation, surveillance, margin monitoring, alerting, and regulatory compliance workflows. Working at the intersection of Operations, Technology, Risk, and Compliance, you will eliminate manual dependencies, reduce operational risk, and build a scalable, resilient back-office infrastructure.

This role demands deep familiarity with stock broking back-office operations, hands-on exposure to back office and front office softwares, a strong bias for automation, and the ability to translate complex operational and regulatory requirements into clean, well-scoped product specifications.

Responsibilities

1. BOD / EOD Process Automation

• Own end-to-end product scope for Beginning-of-Day (BOD) and End-of-Day (EOD) automation across all segments Equity, Derivatives, Commodity, and Currency.
• Drive automation of holding uploads, limit setting, position carryforward, and reconciliation processes to reduce manual intervention.
• Define SLAs and alerting thresholds for BOD readiness checks; build dashboards for operations teams to track daily open/close status.
• Identify and eliminate single points of failure in daily operational workflows.

1. RMS Automation, Monitoring & Alerting

• Own the product roadmap for RMS (Risk Management System) automation, covering:

1. Client-level and scrip-level limit configuration and real-time enforcement
2. Intraday and base limit supervision across all segments
3. MTM (Mark-to-Market) alert violation monitoring, escalation workflows, and auto square-off triggers
4. Timer-based square-off automation for intraday positions
5. RMS blocks for debit, far-month contracts, and illiquid scrips

• Build and improve real-time monitoring dashboards for RMS events with configurable alerting for Risk Officers, Dealers, and HODs.
• Collaborate with the trading platform and tech teams to automate rule-based interventions that currently require manual RMS action.
• Reduce turnaround time for critical RMS actions (limit activation/deactivation, terminal management) through workflow automation.

1. Surveillance & Position Monitoring

• Define product capabilities for script-wise and client-wise position surveillance, including concentration risk and simulated trade detection.
• Own workflows for ASM (Additional Surveillance Margin) tracking and automated reporting to risk teams and HODs.
• Build alerting and blocking mechanisms for GSM (Graded Surveillance Measure) and illiquid scrips within trading systems, ensuring timely enforcement.
• Drive product requirements for tender period contract tracking and staggered delivery mechanism workflows across all segments.

1. Margin Management & Reporting

• Own daily margin reporting automation for all segments Equity, F&O, Commodity, and Currency.
• Build enhanced supervisor reporting covering client funds, collateral, and security balances (daily and weekly views).
• Drive product improvements for SEBI peak margin compliance workflows, upfront margin collection, and automated breach alerts for margin shortfalls.
• Streamline client fund utilisation reporting and ensure audit-readiness for margin-related regulatory queries.

1. Compliance & Regulatory Automation

• Own product scope for regulatory automation, including:

1. Quarterly settlement of accounts
2. Dormant and inactive account activation / deactivation processes
3. CTCL empanelment workflows
4. Exchange and depository compliance implementations (NSE, BSE, MCX, CDSL, NSDL)

• Collaborate with Compliance and Operations to identify manual compliance workflows and convert them into automated, audit-ready processes.
• Ensure timely implementation of SEBI circulars and exchange-driven regulatory changes within back-office systems.
• Support regulatory audits with documentation, workflow evidence, and remediation tracking.

1. Platform & Vendor Management

• Act as Product Owner for back-office and RMS modules in vendor-led trading systems (ODIN / OMNESYS / OMNI NEST or equivalent).
• Coordinate with trading platform vendors for patches, upgrades, and new module deployments; own release planning and communication.
• Lead functional testing and UAT for all back-office and RMS-related releases.
• Work with Technology to evaluate build-vs-buy decisions for automation tooling and proprietary back-office products.

1. Business Analysis & Stakeholder Management

• Translate operational pain points into well-structured BRDs, functional specs, and user stories with clear acceptance criteria and success metrics.
• Act as the bridge between Operations, Risk, Compliance, Technology, and Vendors to ensure aligned, on-time delivery.
• Conduct regular reviews with HODs and senior stakeholders on automation progress, risk events, and compliance posture.
• Drive adoption of new systems and processes with training, documentation, and stakeholder engagement.

Requirements:

• 4-8 years of total experience, with at least 2 years in a stock broking or capital markets firm in an Operations, RMS, or Product / BA role.
• Prior experience in one or more of the following is required:
• RMS / Back-Office Operations at a broking firm (NSE / BSE / MCX member)
• Product Management or Business Analysis for trading platforms or back-office systems
• Trading system vendor or fintech focused on broking technology
• Strong understanding of back-office operations in Indian stock broking- BOD, EOD, settlements, margins, and RMS
• Hands-on experience with front office & back office platforms
• Working knowledge of capital market segments: Equity, Derivatives (F&O), Commodity, and Currency.
• Familiarity with SEBI regulations, exchange circulars (NSE, BSE, MCX), and broker compliance obligations.
• Sound understanding of risk concepts: MTM, exposure limits, margin shortfalls, collateral management, ASM/GSM.
• Ability to own a product roadmap end-to-end from discovery and prioritisation to delivery and adoption.
• Strong documentation skills: BRDs, functional specs, user stories, and process flow diagrams.
• Experience with UAT planning and execution for back-office or trading platform releases.
• Comfort with agile delivery; experience with JIRA, Confluence, or equivalent tools.
• Excellent written and verbal communication; ability to engage technical teams and senior business stakeholders equally.
• Strong logical thinking and problem structuring; able to navigate ambiguity and drive clarity independently.
• Proactive in identifying operational risks and process gaps before they escalate to incidents.
• Collaborative team player who can operate across Operations, Technology, Risk, and Compliance simultaneously.

Why Mobikwik?

• Build first of its kind broking app for millions of real Indian users
• Work with a fast-paced and innovative team that values ownership and execution
• Opportunity to learn & execute a broking app from scratch
• Be a part of a company that is transforming digital financial service