Manager/Senior Manager – ETF Dealer

Nippon India Mutual Fund; Maharashtra; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Nippon India Mutual Fund seeks a Manager/Senior Manager – ETF Dealer to manage ETF dealing and execution in primary and secondary markets. You will coordinate transactions, monitor liquidity, and ensure strict regulatory compliance, collaborating with APs, brokers, custodians, and fund managers.

The role requires 8–10 years in ETF dealing or related capital markets operations, with advanced finance qualifications. SEBI guidelines and internal policies guide daily activities and execution quality.

Qualifications

• 8–10 years of ETF dealing experience in institutional settings.
• Experience in equity trading and capital markets operations.
• Familiarity with SEBI regulations and internal investment policies.

Responsibilities

• Execute ETF creation and redemption transactions in the primary market.
• Manage ETF trading in the secondary market and monitor liquidity.
• Execute equity, debt, and derivative trades per investment mandates.
• Coordinate portfolio rebalancing as instructed by Fund Managers.
• Monitor pricing, tracking error, premiums/discounts, and liquidity.
• Liaise with APs, Market Makers, Brokers, Custodians, and Exchanges.
• Ensure compliance with SEBI rules and internal policies.
• Monitor settlements and resolve trade processing exceptions with operations.
• Support new ETF launches and product enhancements.
• Prepare dealing reports and liquidity/tracking error analyses.

Skills

ETF dealing

Equity trading

Capital markets

Regulatory compliance

Liquidity management

Education

MBA (Finance)

CA

CFA

Master’s degree in finance

Job description

Position title:

Manager/Senior Manager – ETF Dealer

Department:

ETF

Organizational relationships

Reports to: Head – ETF

Purpose of the Job:

To manage and execute Exchange Traded Fund (ETF) dealing activities, including creation and redemption transactions, portfolio rebalancing, and market trade execution while ensuring regulatory compliance, operational efficiency, and optimal liquidity management. The role will work closely with Fund Managers, Authorized Participants (APs), Brokers, Custodians, and internal stakeholders to achieve seamless ETF operations and superior execution outcomes.

Key Responsibilities:

• Execute ETF creation and redemption transactions in the primary market.
• Manage ETF trading activity in the secondary market and monitor liquidity.
• Execute equity, debt, and derivative trades in accordance with portfolio requirements and investment mandates.
• Coordinate portfolio rebalancing transactions as instructed by Fund Managers.
• Monitor ETF pricing, tracking error, premiums/discounts, and market liquidity.
• Liaise with Authorized Participants (APs), Market Makers, Brokers, Custodians, and Exchanges for day-to-day ETF activities.
• Ensure compliance with SEBI regulations, exchange guidelines, and internal investment policies.
• Monitor settlement obligations and resolve trade processing exceptions in collaboration with operations teams.
• Support new ETF launches, product enhancements, and strategic initiatives.
• Prepare and analyze dealing reports, execution quality reports, liquidity metrics, and tracking error reports.
• Maintain accurate records, audit trails, and transaction documentation.
• Provide market intelligence and insights on ETF trends, capital markets, and trading opportunities.

Formal Qualifications / Prior Work Exp:

• MBA (Finance) / CA / CFA / master’s degree in finance or related discipline.
• 8-10 years of relevant experience in ETF dealing institutional dealing, equity trading, or capital market operations within