Business Analyst
Mumbai
Technology – Product /
Full-time /
On-site
Summary
Upstox is looking for a seasoned Business Analyst with experience in the stock broking domain—specifically in risk management and order management systems. This role will act as the bridge between the Risk Management team and the Engineering/Product teams, ensuring that regulatory-compliant, scalable, and efficient risk systems are built.
As we move towards building our own in-house Order and Risk Management System, this role will be pivotal in defining functional workflows, managing stakeholder inputs, and ensuring timely and precise implementation of risk-related processes and controls.
Key Responsibilities
Liaise with the Risk Management team to gather and document business requirements for risk workflows, pre-trade risk checks, margining, exposure limits, and order handling.
Convert business needs into clear Product Requirement Documents (PRDs), wireframes, and user stories.
Work closely with Engineering teams to ensure correct implementation and prioritization of features.
Assist in designing the in-house Order and Risk Management System (ORMS) architecture in line with regulatory, trading, and operational needs.
Monitor daily risk operations, identify gaps in current processes, and propose system-led improvements.
Support testing and validation (UAT) of new features, configurations, and risk policies.
Coordinate with Compliance and Operations to ensure alignment with SEBI regulations and exchange circulars.
Manage escalations related to order rejections, risk breaches, margin shortfalls, and trading limits.
Maintain documentation and process maps across multiple asset classes, including equity, derivatives, and commodities.
Requirements
7+ years of experience in a stock broking firm in Risk, Product, or Business Analysis roles
Strong understanding of Order Management and Risk Management Systems, including exposure checks, margining logic, and order flow.
Familiarity with SEBI regulations, exchange rule engines, and trading risk protocols across equity and F&O segments.
Proven experience in writing PRDs, user flows, and working with cross-functional tech teams.
Comfortable working with internal tools, exchange systems, and third-party APIs or data sources.
Proficient in tools like JIRA, Confluence, Excel, and basic SQL.
Strong communication and stakeholder management skills across Risk, Tech, Ops, and Compliance functions.
Psst… tips on how you can beat the competition:
If you can showcase your abilities to:·
Be self-driven / quick starter·
Have an ownership mindset·
Aggressively drive and deliver results
If you fit the above description, we would love to connect with you! APPLY NOW A basic requirement but one that many forget: Make sure you go through our website, download our app and give us feedback!
