Dealer

Job Purpose

Make Buy/Sell transactions for Fixed Income schemes and study stock market schemes within specified investment parameters in order to execute deals at best possible price.

Job Context & Major Challenges

Job Context

The function requires the trader/ fund manager to actively seek market intelligence and to identify any patterns or trends. Market intelligence is carried out to ascertain the position taken by the market as a whole. Various financial and Economic indicators are very closely tracked and general investment conditions are determined. The function as a whole keeps a tab on the liquidity situation in the banking system, which directly impacts the flows to the AMC. Yield curve analysis, active duration management, managing risk-reward ratio, identifying new opportunities are carried out on a regular basis, which result into generating trade ideas for the funds.

The second part is execution of the trade ideas generated by the team. This involves allocation across various securities and locking in the desired yields as per the required time frame. The speed and the accuracy of execution is of utmost importance. This involves dealing with various counterparties, banks and other financial institutions to identify the best deal fitting the trade idea generated earlier and the deal then executed.

In addition, at regular intervals dealing function provides the outlook on the various asset classes it tracks and suggests the investment themes in the ongoing environment.

Job Challenges

Make sure Buy/Sell transactions for Equity execution at best possible price ensuring trades are sourced properly efficiently and enacted at the best possible rate

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)

KRA1 Placing the order and monitoring bids-offers from the market ensuring efficient functioning of Dealing 1.Execution of all deals

• Monitoring of Broker Bids and Offers. Identify broking firms to execute transactions.
• Monitor price and volume movements continuously.
• Giving feedback to Funds Managers.
• Identify broking firms to execute transactions
  
  

KRA2 To ensure efficient functioning of systems for entry and execution of deals. 1.Getting Schedule wise Trade confirmation from Brokers after completion of orders placed with them.

• Coordinate with operations to implement changes in dealing transactions process.
• Identify areas of improvement, streamline processes.
  
  

KRA3 Adhere to all limits and regulations related to stock market dealings to ensure 100% adherence to compliance regulations. 1.To ensure all transactions get entered and updated in the system.

• Monitoring Brokers turnover on periodical basis.
  
  

KRA4 Market Intelligence ¿ Keeping up to date with market conditions and disseminating the same to the fund manager 1.Getting information from market and other sources. Disseminating the information to Fund Managers after collating & filtering