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Dealer-Trading

Employer
Ujjivan small finance bank limited
Location
Mumbai Mumbai, Maharashtra Maharashtra, Maharashtra, India
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
1.PRIMARY RESPONSIBILITIES

Business

.Dealing in permitted fixed income products within the trading limit assigned by Head of Treasury and achieve the individual Trading profit budget.

.Adhering to all regulatory limits and ratios.

.Adhering to various trading limits including stop loss limits assigned for trading.

.Understanding macro factors and overall market behavior to identify potential trading opportunities for the bank.

.Ability to trade based on technical analysis.

.Creating different trading strategies to achieve the trading profit assigned.

.Identify potential arbitrage opportunities and convert them into profit.

Customer Service

.Prepare trading MIS and circulate to the senior management daily / periodically.

.New initiatives to be presented at ALCO and IC for approval.

.Conduct analysis on various macro factors and discuss with Head of Treasury / Principal Dealer for initiating profitable trades and investments.

Internal Processes

.Ensure that all supporting trading systems / applications are available during the day in co-ordination with the IT / CCIL / RBI helpdesk.

.Trading position in any products should be in line with internal process and in compliant with RBI guidelines.

.Ensure internal control guidelines for dealers are adhered to.

.Stop loss limits should be adhered to while trading position is open.

.Reconciliation of PNL on a monthly basis with Finance and FP&S team.

.Adhere to ALCO and IC directions for trading related guidelines.

Learning & Performance

.Ensure adherence to training days/ mandatory training programs for self.

.Stay updated on RBI guidelines pertaining to trading and investments.

.Ensure goal setting, mid-year review and performance appraisal processes are completed within specified timelines.

2.KEY INTERACTIONS

Internal Interface

External Interface

Head of Treasury

Banks / FIs/ NBFC / MF / Brokers

Chief Risk Officer

Treasury Mid-office team

Treasury Back Office team

Audit, Compliance and Finance/FP&S teams

3.PERFORMANCE METRICS

BSC Perspective

Key Result Areas

Key Performance Index

Financial/Business

Customer

Profit target for the individual

Percentage adherence to the budget. Meeting other prescribed financial goals.

Stop loss adherence

Return on regulatory portfolio and liquidity surplus.

100% adherence to all trades

Performance against returns target laid down for the regulatory book and liquid surplus.

Prepare trading MIS and circulate to the senior management daily / periodically

New initiatives and products should be presented to ALCO and IC

Accuracy of MIS

Rollout of new initiatives / products within prescribed timelines.

Internal Process

All Trading position should be in line with our internal guidelines and regulatory requirements.

Zero instances of non compliance.

Reconciliation of PNL with Finance / FP&S

No deviation on numbers.

Learning & Performance

Adherence to all regulatory limits and ratios.

Zero instances of any regulatory breach.

4.ROLE REQUIREMENTS

Desired Qualification

MBA with Finance specialization or Masters in Finance or Post Graduate in Securities Market from NISM or equivalent or CA.

Desired Experience

Between 5-10 years of treasury front office experience as a trader in a Bank or Primary Dealer

5.FUNCTIONAL KNOWLEDGE AND SKILLS

.Knowledge / exposure to Indian Money Market & Fixed Income products

.Knowledge of RBI guidelines pertaining to Treasury investments and products

.Knowledge of bank treasury systems

.Hands-on experience in using Bloomberg / Reuters

.Adhere to code of conduct defined

.MS Excel and PPT skills

.Good communication and presentation skills

6.BEHAVIOURAL COMPETENCIES

.Planning and organization skills.

.Proactive and initiative taking

.Good interpersonal skills

.Good communication Skills.

.Good Negotiation skills

.Fiscal awareness

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