Fixed Income Dealer, Mumbai

Job Description:

POSITION: Dealer – Fixed Income
Reports to (Position): Head of Fixed Income
Location: Mumbai

Position Purpose: As a prime bond dealer - support multiple funds within the fixed income group, tracking the Corporate bond / G-Sec & money market levels in the primary as well as in the secondary market to identify
opportunities to invest across the various funds with the objective of steady state return as a part of portfolio construct within the internal risk budgets and also to identify the alpha opportunities by actively trading on spreads.

Principal Accountabilities:

As a Bond Dealer:-

 Responsible for carrying out all the end to end work related to dealing in primarily the corporate bonds as well as the G-Secs and also be able to deal in money market instruments, if required.
 Responsible for developing an understanding of approved credit universe & investment mandate for each FI scheme and accordingly identifying the alpha opportunities to invest in corporate bonds / G-Secs.
 Responsible for maintaining portfolio files of all the funds on daily basis and ensuring the adherence to various internal exposure limits as well as the regulatory limits for each scheme while doing any trading activities.
 Tracking various bonds / G-Secs in the market – To track key/ significant/ critical developments for each of the existing approved credits through published information, market intelligence and corporate relationships and advise fund managers / credit team accordingly leading to buy, hold or sell decisions.
 To provide regular market pulse to the Fund managers / FI team members in terms of buying / selling pressure, investor’s specific actions, bid-ask spread, market liquidity etc.
 Spread Tracking model – To maintain & update the historical spreads / yields of all the securities valued by the independent valuation agencies and build on the process for identification of alpha opportunities depending upon the historical spreads.
 Sector analysis – To carry out spread analysis for key sectors from the portfolio and identify new corporate issuers from existing and new sectors to benefit from relative spread movement.
 Work closely with the FMs to understand the market movements across rates, credit and currency domestically and offshore and decrypt the movements for internal & external communication. Link up with the global fixed income team to import global best practices
 Develop direct relationship with the corporate issuers so as to be able to source the papers directly with them as per our requirement.
 Working with the Head - Fixed Income / compliance / operations in the formulation, evaluation and implementation of investment policies, guidelines, asset allocation, risk management, compliance monitoring, regulatory developments and rebalancing of portfolios.
 Responsible for updating the macro data sheets and present the top down views on interest rate environment to the FI team on frequent basis.
 Track the market developments & apply knowledge of trends to Funds, suggesting changes or adjustments accordingly.
 Assist the sales & marketing team in providing FI market related data and also the portfolio statistics.

Knowledge, Skills, Competencies

Knowledge, Skills & Expertise

 MBA from a premier institute or CA.
 Excellent interpersonal skills, communication & presentation skills
 Strong grasp of investment concepts and Debt market products.
 In-depth understanding of all the trading platforms like NDS-OM, E-Kuber, CCIL, Bloomberg -AIMs, Reuters, RFQ etc.
 Excellent knowledge of MS Word, Excel and PowerPoint.
 Outstanding analytics skills

Competencies

 Excellent Communication
 Collaboration & networking
 enthusiastic & passionate about work
 ability to handle timeline pressures
 result oriented

Attributes
 A positive and go getter attitude & strong teammate.
 Display entrepreneurial drive, passion and enthusiasm.
 Customer oriented attitude

Preferred Industry Experience

Relevant experience of 6 – 8 years, preferably in a premier mutual funds / banks / primary dealers with work experience in actively dealing in corporate bonds / G-Secs and Fund management. Additional experience of dealing in money market instruments will be an added advantage.