Vice President- Derivatives (Treasury aspects of Banking/ Financial Institution), Mumbai

Job Description:

Job Title: Vice President

Department: Derivatives

Reports to: Senior Vice President

Experience: More than 20 years experience in Derivatives Market, preferably having experience in Treasury aspects of Banking/ Financial Institution

Required Qualification: MBA in Finance

Preferred Qualification: CQF/CFA/ FRM

Skill, Knowledge & Trainings:

 In depth knowledge of various OTC derivative products in all asset classes especially in Fx and Interest Rates, including quantitative pricing and Valuation models
 Hands-on experience of the OTC derivative products such as Forwards, Swaps, Options and various risk parameters associated with them.
 Experience in designing/operating trading platforms for OTC Derivative products
 Practical experience of Dealing in these products (as a dealer) and marketing to Banks/Clients would be desired
 Sound Knowledge and hands-on experience of Python, VBA and MS Excel and other BI tools is desired.
Core Competencies:
 Analytical and Critical Thinking
 Drive for results
 Quantitative aptitude
 Customer centricity
 Team work, Leadership and People Management

Functional Competencies:
 Understanding how the CCP Clearing and Trading platforms work and the needs of the trader in Forex and Interest Rate Markets
 Sound understanding of pricing, Valuation and Risk aspects of various OTC Derivative products and their market fundamentals
 Aware of the new technologies/trends in the market for the trading platforms/Data Analytics

Job Purpose:
1. Assisting the HOD in effective functioning of the Department and expanding the scope of the Derivative products offering.
2. The current Derivatives team comprises of 15 employees in AVP/Sr. Manager & below designations.
3. Development of new products and services in OTC Derivative Markets
4. Managing day to day operations of the Derivatives department including Clearing and Settlement, Trading and Reporting activities
5. Marketing of such products to Banks/ Financial Institutions, Corporates, FPIs
6. Overseeing the LOU operations of LEIL i.e. a subsidiary of for issuing LEI to corporate entities and has an employee strength of approx. 20 employees.

Area of Operations Key Responsibility
1. Trading platforms management for Interest Rates and Fx

Managing a team of professionals in smooth operations of the existing trading platform and creating new trading platforms

2. CCP Clearing and Settlement Managing the team of professionals in CCP Clearing and Settlement activities and developing new products under CCP

3. Marketing of existing as well as New trading platforms /CCP Clearing/Non Centrally Cleared Derivatives Margining and Collateral Management

Marketing the services to Banks/ Financial institutions/ Corporates 

4. Managing the LOU operations of LEIL

Managing team of professionals for managing the LOU activities

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

Updated knowledge for all the developments happening in the OTC derivative markets worldwide and assisting in developing suitable products.

Any Other Requirement:
-Very good communication skills to manage the expectations of the Regulator and the market participants
-A good team player, having a keen interest and capacity to lead the team and quickly learn new emerging developments, both in OTC derivative markets and in technology areas.