Manager - Derivatives

Job Title: Manager Department: Derivatives

Reports to: Senior Manager Experience: 7-10 years in Derivatives Market,preferably having experience in Banking/Financial Institution

Required Qualification: Graduate

Preferred Qualification: MBA (Finance)/ CFA/ FRM

Skill, Knowledge & Trainings:

- Knowledge of various OTC derivative products in all asset classes, especially in FX and Interest Rates.

- Hands-on experience of the OTC derivative products such as Forwards, Swaps, Options and various risk parameters associated with them.

- Practical experience of Dealing in these products (as a dealer) and marketing to Banks/Clients would be desired.

- Strong Project Management Skills for coordinating with other Business departments, Technology teams, external vendors to ensure that trading platforms meet the evolving needs of Interbank users.

- Sound Knowledge and hands-on experience of MS Excel, VBA coding, Python coding and other BI tools is desired.

- Strong Analytical and problem-solving skills, with keen attention to detail.

Core Competencies:

- Sound understanding of features of OTC

- Derivative products and their market fundamentals and Regulatory guidelines

Functional Competencies:

- Understanding how the Trading platforms work and the needs of the trader in Forex and Interest Rate Markets

- Knowledge of FIX protocol, Order Matching logics and low-latency trading infrastructure is a plus.

Job Purpose:

i. Managing day-to-day operations of the Derivatives department and ensure high availability of the Electronic Trading Platforms (ETPs).

ii. Assisting the Department in development of new products and services in OTC Derivative Markets.

iii. Preparation of Business Requirement Specification (BRS) documents for development of new products.

iv. Oversee the design, development and UAT testing of ETPs.

v. Marketing of such products to Banks/ Financial Institutions, Corporates, FPIs

vi. Collaborate with cross-functional teams including Risk Management, Information Technology, Forex, Legal, Compliance etc.

Area of Operations: Key Responsibilities:

1. Daily operations of Trading platforms :

- Managing daily operational activities related to 'ASTROID' and other trading platforms

2. Enhancements in the existing trading platform "ASTROID" and development of new trading platforms

User Acceptance Testing (UAT) of: the new features/ enhancements on the ASTROID trading platform

- New trading platforms being developed.

3. Marketing of existing as well as new trading platforms:

- Marketing the trading platform to Banks/Financial institutions/ Corporates

4. Doing research in the new emerging areas of interest to CCIL and assist in developing products/ services to cater to such demand.

- Being updated for all the developments happening in the OTC derivative markets worldwide and assisting in developing suitable products.

Any Other Requirement:

- A good team player, having a keen interest and capacity to quickly learn new emerging developments, both in OTC derivative markets and in technology areas.

- Excellent Written and Verbal communication and stakeholder management skills.