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Equity Exotics Trading - NA

1.00 to 3.00 Years   Mumbai City   26 Jul, 2020
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaGeneral / Operations Management
EmploymentTypeFull-time

Job Description

The candidate will be based out of Mumbai and will be working with the Equities Exotics Trading desk - NA. The role suits a self motivated, highly energetic individual who has a strong background in mathematical analysis. The role offers great opportunity to the candidates to build on their knowledge of and exposure to interest rate products, risks as well as valuation.Responsibilities include:The candidate will be involved in

  • Trade Support/Capture
  • Expiries/Determinations/Fixings
  • Inventory Management/Treasury Unwinds
  • Secondary Market/Indications
  • Creating automated tools and dashboards for the desk to analyze exposures
  • Monitor upcoming autocall/barrier events, send report to trading/sales
  • Track daily price movement in the books vs the market. Analyse the correlation in the movement.
  • Reverse Engineer exotic market quotes from the inter-dealer broker market and maintain a database
  • Send periodic pricing runs together in conjunction with trading and FE desk
  • Track and analyse the hit-ratios for all of the Exotics books
  • Track/Monitor Index changes coming up in the week ahead.
  • Run backtests in Python/R (we prepare template if needed) of thematic (long only stocks) strategies
  • Optimize stock selection based on simple categories like country, sector, div, realized vol etc
  • Clean historical spot data for corporate actions (from bbg)
  • Check realized vol of strategy as well as dividend yield against benchmark for the purpose of pricing benefit
  • Output regional composition and work out effective dividend taxation
,
  • Engineers (Tier 1 institute) with MBAs (preferred but not must)
  • 1-3 years work experience in Banking/Financial Services in Equity Exotics Hybrids, SNO, Index Derivatives
  • Coursework/Strong understanding in Economics, Econometrics, Finance
  • Good communication skills written as well as telephonic. There will be regular communication with the trading desk and the person needs to be able to understand the requirements and express their thoughts clearly.
  • High level of attention to detail
  • Proficiency in MS Office products Excel, Powerpoint
  • Strong coding expertise in R/Python, VBA.
  • Coursework in Statistics is a plus
In addition, the candidate should have theoretical or practical understanding of -
  • Option Greeks and their behavior over time
  • Derivative products like Swaps, Swaptions, Spread Options, Cap/Floors, range accruals, Digitals etc.
  • Basic options trading strategies
  • Basic index construction/rebalancing strategies
  • General behavior of Equity Derivatives markets Flow and Structured Products

Keyskills :
trading deskintelligent networksquantitative managementEquity Exotics Trading

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