NISM-Series-VII: Securities Operations and Risk Management (SORM) Certification 

Mode of Delivery: Online Live Interactive + Online Self-paced*

Duration: 24 Hours 

Study Materials: 

• Recording available of online live sessions
• PPTs (600+ Slides)
• 800+ MCQs
• Quick revision summary notes.

The NISM-Series-VII: Securities Operations and Risk Management Certification (SORM) aims to establish a minimum knowledge benchmark for professionals associated with stock-brokers, trading members, and clearing members in recognized stock exchanges. This certification is essential for individuals involved in:
(a) Managing assets or funds of investors/clients.
(b) Redressal of investor grievances.
(c) Internal control or risk management.
(d) Activities impacting operational risk.

Upon successful completion of the training, candidates will:

• Understand the Basics of the Indian Securities Market: Grasp the products traded and roles of various market participants.
• Familiarize with Regulatory Frameworks: Comprehend the role of SEBI in overseeing securities markets.
• Master Broking Firm Operations: Learn the functions of the front, middle, and back offices.
• Learn the Trade Life Cycle: Understand the steps, participants, and back-office roles in securities trading.
• Manage Risks Effectively: Acquire knowledge about risk management and clearing and settlement processes.
• Address Investor Grievances: Understand processes for grievance redressal and arbitration.

Assessment Details:

• 100 MCQs of 1 mark each
• Duration: 2 hours
• Passing score: 50%
• Negative Marking: 25% of marks assigned per incorrect answer
• Certificate Validity: 3 years

* Online Self-paced contents access will be provided for 90 days to the user only.

Test Objectives:

Upon passing the examination, candidates will:

• Understand the Basics of the Indian Securities Market: Grasp the products traded and roles of various market participants.
• Familiarize with Regulatory Frameworks: Comprehend the role of SEBI in overseeing securities markets.
• Master Broking Firm Operations: Learn the functions of the front, middle, and back offices.
• Learn the Trade Life Cycle: Understand the steps, participants, and back-office roles in securities trading.
• Manage Risks Effectively: Acquire knowledge about risk management and clearing and settlement processes.
• Address Investor Grievances: Understand processes for grievance redressal and arbitration.

Course Details:

• NISM exam registration fees not included in the above mention Course Fee.
• PDFs, PPTs (600+ Slides) and 800+ MCQ for practice (mock exams & mock paper shared for self-practice).
• Sessions would cover doubt solving from the Mock Exams.
• Online Interactive Session for the practice on software’s required in particular module

Eligibility:

The NISM-Series-VII: Securities Operations and Risk Management (SORM) Certification Examination is suitable for:

·  Associated Persons:

• Employees or partners of registered stock-brokers, trading members, or clearing members in recognized stock exchanges.
• Professionals managing assets or funds of investors/clients, handling investor grievances, or overseeing risk management and compliance activities.

·  Interested Individuals:

• Students (10th, 12th, undergraduate, postgraduate) aspiring to enter the securities operations or risk management field.
• Professionals looking to specialize in securities operations and risk management.
• Financial advisors and portfolio managers seeking to deepen their expertise.
• Individuals aiming to understand securities market operations and risk mitigation strategies.

Curriculum Overview: Securities Operations and Risk Management (SORM) Certification

I. Introduction to the Securities Market
Explore the role of securities markets in the Indian economy, market structures, money markets, and traded products.

II. Market Participants in the Securities Market
Understand the roles and types of investors, issuers, intermediaries, regulators, and the overarching regulatory framework.

III. Introduction to Securities Broking Operations
Gain insights into the trade life cycle, including front office operations (client onboarding, KYC, order management), risk management practices, surveillance mechanisms, and back-office functions such as trade allocation, clearing, settlement, and regulatory compliance.

IV. Risk Management
Learn about capital adequacy requirements, client account controls, margin requirements, and regulatory reporting practices.

V. Clearing Process
Understand the clearing process, the roles of clearing agencies, banks, custodians, depositories, and participants in equity and derivatives trading.

VI. Settlement Process
Examine the settlement cycle, including internet-based trading, fund settlements, securities settlements, corporate action adjustments, and auctions.

VII. Investor Grievances and Arbitration
Learn about grievance redressal procedures, arbitration processes, and appellate arbitration roles.

VIII. Other Services Provided by Brokers
Discover the additional services offered by brokers, including IPO applications, ASBA facilities, mutual fund trading, portfolio management services, research reports, depository services, and margin trading.