Investment

IndusInd General Insurance (IGI); Mumbai; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

IndusInd General Insurance (IGI) is seeking a senior treasury professional to oversee trade execution across government securities, money markets, and corporate bonds. The role includes managing liquidity, coordinating equity deals via voice broker networks, and ensuring regulatory onboarding and compliance.

The candidate will analyze macro indicators and yield curves to inform portfolio allocations, while collaborating with fund managers and the research desk.

Qualifications

• MBA/CA or MSc in Economics/Finance is required or highly preferred.
• Proven ability to make quick, sound trading decisions under volatility.
• Strong ethic and adherence to regulatory standards.

Responsibilities

• Execute primary & secondary market trades across G-Secs, T-Bills, SDLs, CPs, CDs, and corporate bonds.
• Optimize execution by monitoring depth, volume, and order books to minimize market impact.
• Manage cash surpluses/deficits and run short-term money market operations to maintain liquidity.
• Execute equity deals via voice broker network on NSE/BSE with empanelled brokers.
• Engage with primary dealers, brokers, and issuers to source quotes and deal flows.
• Coordinate with bankers to access corporate bond issuances and private placements.
• Ensure onboarding and credit risk checks for counterparties; enforce compliance.
• Monitor macro indicators and yield curves to guide duration and credit allocation.

Skills

Decisiveness under pressure

Negotiation skills

Integrity

Collaborative communication

Market awareness

Education

MBA - Finance

CA

M.A./M.Sc. Economics/ Finance

Tools

NDS-OM

CBRICS

E-Kuber

Bloomberg Terminal

Reuters

CCIL

Job description

Key Responsibilities Trade Execution & Market Operations

• Execute Primary & Secondary Market Trades:Execute transactions acrossGovernment Securities (G-Secs), Treasury Bills (T-Bills), State Development Loans (SDLs), Commercial Papers (CPs), Certificates of Deposit (CDs), and Corporate Bondswith precision.
• Optimize Trade Execution:Monitor intra-day market depth, volume, and order books to achieve the best possible execution prices, minimizing market impact and slippage.
• Manage Cash & Liquidity:Track daily investible cash surpluses and deficits. Execute short-term money market operations (such asTREPS, Repo, and Reverse Repo) to maintain optimum liquidity levels.
• Execute Equity Deals via Voice Broker Network:Execute institutional equity orders in cash segments on the NSE and BSE using standard call-and-trade (voice dealing) channels with empanelled brokers to achieve optimal execution with minimal market impact, managing occasional bulk and block deals efficiently as required.

Counterparty & Broker Relationship Management

• Manage Network Relations:Actively interact with a robust network of primary dealers, brokers, empanelled counterparties, and institutional issuers to source competitive quotes and deal flows.
• Evaluate Primary Issuances:Liaise with merchant bankers and arrangers to gain early access to corporate bond primary issuances and private placements, ensuring favorable allocations.
• Enforce Counterparty Onboarding:Ensure all trading counterparties go through rigorous internal onboarding and credit risk assessments prior to trade initialization.

Market Intelligence & Yield Curve Analysis

• Track Macroeconomic Indicators:Monitor and analyze key domestic and global macroeconomic variables, including RBI monetary policy shifts, inflation data (CPI/WPI), GDP growth rates, currency movements, and US Treasury yields.
• Analyze Yield Curves:Evaluate the evolution of the sovereign and corporate yield curves to identify mispricings, spread compressions, or steepening/flattening trends that offer tactical investment opportunities.
• Provide Actionable Intelligence:Deliver real-time market color and insights to the Fund Managers and Research team to refine the portfolio's duration and credit allocation strategies.

Regulatory Compliance & Post-Trade Operations

• Enforce Regulatory Mandates:Ensure 100% compliance with all statutory guidelines laid down byIRDAI, SEBI, and RBI, including maintaining the mandated minimum allocation in G-Secs and Infrastructure/Housing bonds.
• Monitor Prudential Exposure Limits:Enforce pre-trade compliance checks regarding issuer-specific, group-specific, and sector-specific exposure limits to prevent regulatory breaches.
• Oversee Post-Trade Workflows:Collaborate with the Treasury Mid-Office and Back-Office teams to ensure smooth trade reporting, deal confirmation, and settlement throughCCILplatforms, minimizing operational and settlement risks.

Technical & Professional Skills

• Trading Systems Mastery:Hands-on operational proficiency withNDS-OM(Negotiated Dealing System - Order Matching),CBRICS(Corporate Bond Reporting and Integrated Clearing System), andE-Kuber.
• Financial Analytics Platforms:Advanced expertise in navigatingBloombergterminals (for terminal commands, FIT, and analytics) andReutersfor real-time market data retrieval.
• Industry Standards:Strong understanding ofFIMMDA(Fixed Income Money Market and Derivatives Association) market practices, valuation models, and conventions.
• Quantitative Acumen:Proficient in computing bond math fundamentals, including Duration (Macaulay and Modified), Convexity, Yield-to-Maturity (YTM), and credit spread metrics.

Soft Skills & Behavioral Attributes

• Decisiveness Under Pressure:Ability to make split-second, high-stakes trading decisions calmly and logically during periods of extreme market volatility.
• Strong Negotiation Skills:Proven capability to negotiate tight spreads and deal pricing with brokers and counterparties to maximize fund performance.
• Uncompromising Integrity:High commitment to ethical trading standards, market conduct guidelines, and institutional insider trading policies.
• Collaborative Communication:Excellent verbal communication skills to clearly articulate market dynamics and pass trade intentions seamlessly across the desk.

Qualifications

• Academic Background:Post Graduate degree in Management (MBA - Finance), Chartered Accountant (CA), or a master's degree in Economics/Finance.
• Professional Certifications:CFA (Chartered Financial Analyst) charterholders or candidates pursuing the program will have a distinct advantage.
• Regulatory Certifications: NISM Series VIII(Equity Derivatives Certification) orNISM Series IV(Interest Rate Derivatives Certification) as per regulatory norms.