AVP/DVP - Fixed Income & Money Market

Area of Operation/Key Responsibility:

- Official will coordinate and control all operations for clearing and settlement of Government Securities (Outright, market repo and Tri party Repo, USD-INR investments, Collateral and funds management including funds and securities Lines of credit)

- Coordinate and control all operations for Trading Platforms (Tri party Repo),

- Develop capabilities to handle clearing and settlement of new instruments including enhancements on existing systems

- Develop capabilities to handle systems for investments and settlements

- Develop capabilities to handle collateral related activities

- Interact with the Regulators for necessary approvals and for reporting

- Interact with member banks and respond to all queries

- Handle documentation and correspondence particularly LOC agreements / renewals

- Build/maintain relationships with members, regulators, etc.

- Coordinate with other departments where necessary

Functional Competencies:

- Full knowledge of all secondary market G-Sec/Money Market trading and settlement (including Forex and Rupee derivatives), operations and accounting, regulations, etc.

- Should understand the Outright, repo and tri party repo concepts, and be able to take independent charge of the development of the trading platform.

- Working knowledge of the regulatory issues affecting the securities market

- Full acquaintance of RBI Notifications / Circulars; Good knowledge of Information Technology and Information Security