Derivatives Trader – Institutional Equities Broking

Hireex Consultants; Mumbai; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

A financial services firm is seeking an experienced Derivatives Trader to manage significant trade volumes and support the business in risk management. Ideal candidates will have 8-10 years of experience in derivatives trading, strong analytical skills, and the ability to develop effective trading strategies. Relevant qualifications in finance or mathematics are essential, along with the ability to work under pressure and collaborate across teams.

Qualifications

• 8-10 years of experience in derivatives trading, with a focus on Delta One products.
• Strong knowledge of financial markets and derivatives products.
• Existing relationships with Institutional clients.

Responsibilities

• Manage daily trading activities for various derivatives products.
• Develop and implement trading strategies.
• Liaise with onshore brokers and clearinghouses.
• Oversee trade reconciliation and position risk management.
• Collaborate with various teams to enhance trade structures.
• Maintain understanding of Delta One products like single stock swaps and ETFs.
• Analyze market trends and price movements to identify opportunities.
• Monitor market risk exposure to align with firm risk appetite.

Skills

Derivatives trading

Risk management

Analytical skills

Market analysis

Proficiency in Python or VBA

Education

Bachelor’s degree in finance, Mathematics, Statistics, Engineering

Tools

Python

VBA

Job description

Overview

Position Title: Derivatives Trader

Department: Institutional Equities Broking

Position Overview: The Derivatives Trader will support the business in managing significant trade volumes, focusing on trade reconciliation, currency risk management, and position risk management. The individual will be responsible for managing the main trader’s daily P&L and market risk for a range of financial products, including single stock swaps, bonds, custom baskets, ETFs, indices, and stock derivatives.

Responsibilities

• Manage daily trading activities for various derivatives products such as single stock swaps, index swaps, and ETFs.
• Develop and implement trading strategies with a focus on optimizing returns and managing risk.
• Liaise with onshore brokers, clearinghouses, and custodians for cash and margin management.
• Oversee the reconciliation of trades, monitor currency and position risk, and ensure adherence to risk management protocols.
• Collaborate with Technology, Operations, Quant Strategists, Product Control, and Risk Management teams to enhance existing trade structures and develop new tools.
• Maintain a deep understanding of Delta One products, including single stock swaps, index swaps, and P-notes.
• Analyse market trends, price movements, and other factors to identify trading opportunities.
• Continuously monitor and evaluate market risk exposure to ensure the alignment with the firm’s risk appetite.

Requirements

• Bachelor’s degree in finance, Mathematics, Statistics, Engineering, or any other relevant degree.
• 8-10 years of experience in derivatives trading, with a focus on Delta One products.
• Strong knowledge of financial markets and derivatives products, including equity swaps, ETFs, and custom baskets.
• Existing relationships with Institutional clients.
• Proficiency in Python or VBA is a plus.
• Strong analytical and quantitative skills.
• Ability to work well under pressure, manage multiple tasks, and collaborate with various teams.
• Self-motivated and proactive, with a strong desire to continuously learn and adapt to market conditions.