Associate Manager - Surveillance and AML

About us:

At Upstox, we’re building the future of investing — simple, powerful, and for everyone. We're one of India’s fastest-growing fintech platforms, backed by the best in the business, including Mr. Ratan Tata and Tiger Global, and on a mission to make wealth creation accessible to every Indian. From first-time investors to seasoned traders, millions trust us to power their financial journeys. We're not just moving fast — we’re moving with purpose. If you thrive in a high-energy, high-impact environment, you're in the right place.

What You'll Own:

• Conduct post-trade analysis of surveillance alerts and escalate exceptions in a timely manner.
• Monitor and investigate behaviors that may indicate market abuse, fraud, or AML-related risks.
• Collaborate with cross-functional teams (first and second line of defense) to resolve escalated matters.
• Review, investigate, and disposition trade alerts using SMARTS or similar surveillance systems.
• Support AML-related operations including KYC, due diligence, screening, and transaction monitoring.
• Prepare and present findings, reports, and recommendations to management and regulatory bodies as required.
• Stay updated on regulatory developments, compliance requirements, and industry best practices.
• Escalate, manage, and report control issues with transparency and ensure compliance with internal policies and applicable laws.

Who You Are

Technical Requirements

• Strong knowledge of Exchange & Trade regulatory frameworks.
• Intermediate to expert understanding of trade products and the trade life cycle.
• Knowledge of market abuse practices and fraud typologies.
• Hands-on experience with trade surveillance systems (e.g., SMARTS) preferred.
• Prior experience in reviewing trade alerts, investigations, and case disposition.
• Exposure to AML operations (KYC, screening, due diligence, transaction monitoring) is desirable.

Skills & Competencies

• Strong analytical and problem-solving skills with the ability to identify and escalate exceptions.
• Excellent communication and presentation skills.
• Proficiency in MS Office (Excel, Word, PowerPoint); knowledge of Macros / VBA is an advantage.
• Highly organized with the ability to manage deadlines and multiple projects.
• Detail-oriented, assertive, and adaptable to fast-paced environments.
• Self-directed, proactive, and able to collaborate across all levels of the organization.
• Prior institutional or exchange experience is desirable.

Why This Role Rocks:

• You’ll work at scale — monitoring trading activities and surveillance alerts that safeguard a fintech platform trusted by millions of investors.
• You’ll embrace innovation — leveraging analytics, automation, and AI-driven tools to detect anomalies, strengthen compliance, and mitigate risks.
• You’ll have high ownership and visibility — directly influencing the integrity, transparency, and reputation of India’s capital markets.
• You’ll join a team of smart, driven professionals who thrive on tackling complex regulatory challenges and ensuring the highest standards of compliance.
• Every investigation you conduct will shape the way India trades — protecting clients, strengthening trust, and ensuring markets remain fair and transparent.

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Upstox is an Equal Opportunity Employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other characteristics.