The Manager for F&O Operations will oversee Futures and Options clearing services, ensuring compliance with exchange regulations, managing trade accounting and risk management processes, conducting client onboarding, and overseeing operational controls. Responsibilities include coordinating audits and maintaining client and trade data accuracy.
Key Areas of Responsibilities
- To manage Futures and Options (F&O) / Derivatives NSE and BSE segments Clearing Services support to clients, trading desk and EQD business and IT teams
- Taking accountability for regulatory and Exchange F&O Clearing activities
- F&O Risk Management BAU implementation, monitoring and follow ups
- Trade Accounting management, bank relationship, movements & reconciliations, posting of ledgers, fail trade monitoring
- Maintenance of Collaterals i.e. Cash, Government Securities, Listed Equities, Bank Gurantee etc,
- Trade give ups for F&O executions and risk checks on positions and margin utilizations intra-day and EOD
- Margin movements of upstream and downstream on Exchange Clearing Corporations
- To monitor client on-boarding, empanelment, account setup, UCC registration and reconciliation, MIS reporting and audit requirements
- Regulatory circulars implementation and follow up for F&O Corporate Action events
- Static data management of stocks, clients including commission deviations reconciliation and handling of Buy Back/OFS/IPO and QIP etc.
- Audits, Inspections coordination and MIS to business and management teams
- Operational risk & controls monitoring, system developments including UAT etc.,
Requirements
- Minimum 10 years of work experience in institutional broking operations with BAU handling for India NSE & BSE Derivatives (F&O) clearing activities, including F&O risk management and trade accounting processes.
- Full understanding and working experience of BSE & NSE trade reporting, clearing mechanisms, and exchange rules for both Capital market and Derivatives segments
- Strong analytical skills and proficiency in handling numbers
- Ability to identify and resolve problems, develop innovative solutions, and enhance organizational effectiveness
- Proficiency in Excel, Word processing, and document processing
- Familiarity with spreadsheets, formulas, macros, and pivot tables
- Excellent email communication skills using Outlook
- Flexibility to work in both office and non-standard work environments, sometimes from home
- Ability to prioritize tasks, set goals, monitor progress, and make timely decisions
- Minimum Graduate Degree Graduate Degree
- Proficiency of verbal and written communication
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