Dealer - Fixed Income Trading (Primary Dealer)
2 days ago
**Treasury Fixed Income Trading **is a unit within Treasury that generates revenue through proprietary trading in fixed income securities (Bonds, T-bills, SDLs) and interest rate derivatives (Overnight Indexed Swaps, Interest Rate Futures). **Primary Dealership **generates Fee income through underwriting of Government of India primary auction and market making in secondary bond markets.
Job role:
**Trading - GSec & OIS**:
- Proprietary trading and market making in Government Bonds, OIS and IRF
- Responsible for Interest rate trading by participating in all permissible Interest Rate products to maximise profit, while adhering to all processes, rules and guidelines
- Responsible for formulating/suggesting strategies for trading/investment/auction-participation in Interest Rate Products. Focus on SLR securities, OIS and other market instruments
- Participate in daily pre-trading session meetings presenting views on behalf of the Interest Rates Desk
- Introduction of New products and set up of systems, processes and guidelines
- Liaison with Treasury Sales for Fixed income product offering
**PD Activity**:
- Underwriting and participation in Government debt auctions
- Soliciting client bids for Government debt auctions through regular client engagement
- Responsible for franchise building by regularly interacting with counterparts and clients
- Meet various Primary Dealers commitments regarding turnover, retail, market making
Job requirements:
- CA/ MBA in finance from Tier 1 Institutes / CA (Ranker) with 3-5 years post qualification experience
- Passion for Financial Markets and a keenness to make a career in Markets
- Understanding of General economy and RBI functioning and policies
- Study varying market trends, analyse market conditions in order to formulate trading view
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