Pico Capital

23rd September 2024.

Job Description: FIXED INCOME DEALER

PICO Capital Pvt. Ltd. is a Mumbai based finance company, operating as a registered NBFC. We are a Family Office with investments in a range of asset classes: stocks, bonds, real estate, structured products, and alternatives. We manage only proprietary, unleveraged capital, and thus as a company policy, we do not publicly disclose our AUM. We challenge ourselves to produce above-average returns and grow our corpus every year. Additional information can be found on our website www.picocap.in.

Position Summary: We are looking for an experienced Fixed Income dealer to be a part of our investment team for the Fixed Income desk with regards to Debt Dealing, Debt Market, and macroeconomic research. He/she requires to have specific knowledge of certain fixed income instruments such as BONDS/CORPORATE NCDs/MLDs/PERPETUALS/SUBORDINATES/PREF SHARES, GSEC's etc.

Compensation: Salary will be commensurate with skills and experience. Key

Responsibilities:

- Dealing with the execution of trades, maintenance of portfolios, and reporting on portfolio strengths and weaknesses to the management.

- Assist the core investment team by communicating bond offerings, trade details and other messages from brokers/dealers/exchange quoted instruments.

- Continuous interaction with market participants (counterparties/brokers) for getting the best quotes for debt instrument dealing.

- Negotiating Skills

- Reading fine prints of the deal, checking IRR before execution, preparing deal sheets, and to make sure that all the activities of debt trading are carried out efficiently by adhering to the rules and regulations of the company.

- Perform trade input and reconciliation

- Liaise with internal teams (accounts, operations) to ensure smooth execution and settlement of trades.

- Perform all the back end office work i.e. compliance of documents, record keeping / MIS on fixed income holding, create and generate reports for the Investment team. Assist in MIS reporting for senior management, any ad-hoc, or exceptional reporting.

- Keep up to date on and monitor market trends, economic news, and conditions.

- Focus on debt portfolio allocation based on ratings, duration, sector, and issuer categorization.

- Participate in special projects as required.

- The fixed income dealer must also have a grasp on the future movements of prices caused by shifting trends of supply and demand. To be keenly attuned to the sector, a fixed income dealer is expected to maintain or develop relationships with research analysts.

- Trading of bonds on NSE/BSE/ICCL/RSQ

Candidate Profile:

- Bachelor's degree in Finance.

- Minimum 3 years of experience as a Debt dealer.

- Good understanding of debt markets.

- Clear fundamentals on clean and dirty price, accrued interest treatment, YTM, YTC methodologies, etc.

- High attention to detail

- ability to comprehend fine print in debt documents.

- Excellent market network.

- Good technical &analytical skills.

- Strong written and verbal communication skills.

- Passion for alpha generation and achieving above par results compared to benchmarks.

- Must be proficient in MS Office.

- Minimum age of 30 years.

Requirements:

- Mumbai based candidates will be preferred. (Inclination towards ones residing within 30kms of Pico office).

- Candidate must mention their last drawn CTC.

- Work from office is a must, need to commute to the office daily. If not feasible kindly do not apply.

- The notice period should not be more than 60 days.