Anand Choubay

About Anand Choubay

Certified Financial Professional (FINRA Series 24, 7, & SIE Licensed) & FRM CandidateExperienced and growth-focused Senior Trading & Risk Manager with 11+ years in capital markets operations, trading surveillance, and regulatory compliance. FINRA Series 24, Series 7 certified and FRM candidate, with a strong foundation in fixed income settlements, broker-dealer operations, and risk frameworks aligned to SEC/FICC regulations. Proven record of managing cross-border operations, fraud detection, trade surveillance, and AI-driven risk models. Adept in Broadridge, Fedwire, MT5 platforms, and compliance environments. Strong leadership in driving operational excellence, mentoring high-performance teams, and ensuring secure and efficient trading environments.Core Competencies• Trading Risk Monitoring & Product Risk Analytics• Broker-Dealer & Fixed Income Securities Operations• Fraud Detection & Trade Surveillance• FINRA, SEC, FICC Regulatory Compliance• Repo, Clearing, Custody & Self-Clearing Operations• Fedwire, Broadridge & Market Infrastructure• KYC/AML Compliance & Client Onboarding• AI/ML in Risk Detection | Python | SQL | Power BI• Trading Platforms: MT5 Manager/Admin, cBroker• Leadership, Mentorship & Cross-Functional Coordination

Experience

1. Sr Trading & Risk Manager

   TradeZero

   Jul 2024 — Present · Gurugram, IN

   Trade Settlement, Trade Breaks, Risk Account Mitigation, and Round-Up/Down After Stock SplitTrade Settlement:Trade settlement refers to the process of completing a securities transaction, where the buyer must pay for the securities and the seller must deliver the securities. Typically, the settlement cycle follows T+1 (One business days after the trade date) for most stock trades. Ensuring timely and accurate settlement is crucial for minimizing counterparty risk and ensuring liquidity within financial markets.Trade Breaks:A trade break occurs when there is a discrepancy between the terms of the executed trade (such as price, quantity, or settlement details) and the actual records held by the parties involved. These errors can happen due to system failures, clerical mistakes, or miscommunication between counterparties. Resolving trade breaks efficiently is vital to maintaining smooth market operations, and involves investigation, reconciliation, and often the correction of trade details to bring both parties into alignment.Risk Account Mitigation:Risk account mitigation involves taking steps to reduce the potential financial risks associated with trading activities. This may include setting limits on exposure, utilizing stop-loss orders, implementing hedging strategies, and employing diversification techniques. It can also involve close monitoring of margin requirements and liquidity levels to ensure accounts are adequately capitalized and able to absorb potential losses without triggering significant adverse consequences.Round-Up/Down After Stock Split:After a stock split, the number of shares outstanding increases while the price per share decreases proportionally. However, sometimes fractional shares are created in the process, which must be rounded up or down to maintain whole shares for settlement purposes. The rounding decision (up or down) typically follows predefined rules in the exchange or brokerage’s policies.

Education

• RGPV University

  Bachelor of Engineering - BE, Electronic and Communications Engineering Technology/Technician

• Amity University

  Master of Business Administration - MBA, Financial Planning and Services