Senior Manager - Institutional Derivatives Trader

Job Purpose:

Primary Responsibility: Servicing institutional clients in the Cash/Derivatives segment.

Key Deliverables:

Critical:

- Achieving brokerage targets.

- Creating baskets for blocks, monitoring limits, and risk management systems (RMS).

- Executing trader orders.

- Participating in User Acceptance Testing (UAT) and mock sessions.

Routine:

- Booking trades for clients with accurate schemes and commission rates.

- Sending end- of- day (EOD) files on time.

- Updating and providing feedback on orders.

- Assisting sales traders.

Specialized Knowledge Required:

Derivative (Option Dealer):

- Deep understanding of option Greeks (Vol, Delta, Gamma, Theta, Rho).

- Tracking corporate result dates and suggesting option- based strategies.

- Monitoring open interest (OI) in indices and highlighting abnormal OI or - volume in stock options.

- Knowledge of algorithms.

- Derivative (Arb Dealers):

- Understanding spread (cash/futures), dividend impact on spread, and rollover.

- Generating volume through manual execution.

- Sourcing roll blocks and trading special situations (pair index rebalance, merger arbitrage, index arbitrage).

- Monitoring directional orders and tracking client positions.

Role Requirements:

- Educational Qualifications:

- Graduation in any discipline.

- NISM Certification in Derivatives.

Experience:

- 10+ years in capital markets.

IT Skills:

- Proficiency in MS Office and Business Intelligence applications.