Posted By
Posted in
Banking & Finance
Job Code
534743
We have an URGENT position for DELTA-1 TRADING (AVP/ VP) with a leading UK based investment bank, Mumbai.
Tier - I/II Institutes / B.Tech / B.E
Desk and Role overview
- The Delta-1 desk product offerings include (the underlying could be a single stock or index or custom basket of stocks): (1) Equity Swaps (2) Equity Futures/Forwards/Synthetics (3) Dividend Swaps/Futures (4) ETFs (5) Certificates/Notes
- The Delta-1 client base includes three types of accounts: (1) Directional Accounts (2) Funding/financing Clients (directional and other accounts might also use D1 products to manage their cash) (3) Dislocation/Arbitrage Accounts (relatively new looking to play market anomalies).
- Delta-1 desk products primarily have direct risk on either or both of the following: (1) All-in Financing (2) Net and Gross dividends. Delta-1 Trading Mumbai will support the delta-1 trading team in London and the role includes risk management, strategy formulation and management for the Delta-1 Business group.
Key Responsibilities:
- Help in developing and managing different trading strategies across D1 parameters. This will include monitoring the performance of different D1 strategies and help optimize their performance.
- Development and enhancement of existing modelling for D1 risk parameters. This would not only help highlighting trading opportunities but in better risk management as well.
- Help increase coverage universe for Delta-1 products hence helping develop the client franchise.
- Help in risk management of the delta-1 desk. This will include help the desk manage repo, dividend, TC, cross-currency, index tracking, delta, interest rate and fx risks.
- This will include help building MIs across different risk systems to generate a unified Delta-1 risk report for the different parameters.
- Help the desk in maintaining proper marks for the different parameters across products.
- Looking at market opportunities to optimally manage our current risk exposure on financing and dividends.
Key Skills:
- Capital Markets Trading or Ideas generation for Trading - 3+ years of experience
- Good understanding of market dynamics and fundamentals in general.
- Quantitative skills - excellent with numbers
- Good communication skills, confidence to interact with traders in London/ NY/Asia
- Very good understanding of Derivatives
Desirable:
- Delta-1 Trading/ Strategy development Experience
- Structuring Experience
- Programming skills would be useful.
- Engineering and/or MBA from a top school
Interested candidates can apply.
Vandana Tomer
Elements Manpower Solutions
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Posted By
Posted in
Banking & Finance
Job Code
534743