Job Description

JOB DESCRIPTION of AVP/DVP

Job Title: AVP /DVP Department: Operation Fixed Income & Money Market

Reports to: Vice President Experience:

At least 12 years of experience in the front office / back office of the domestic treasury preferably in a bank

Required Qualification: Graduation in any discipline

Preferred Qualification: MBA (Finance)

Skill, Knowledge & Trainings:

Leadership skills
Team building and Team working
External and internal Stakeholder management at all levels
Good communication skills

Core Competencies:

• A team-player, able to work under tight deadlines and manage multiple concurrent projects
• Self-starter with strong organizational skills and attention to detail
• Ability to prioritize, work independently and exercise good judgment
• Proactive and solutions oriented, able to think out-of-the-the-box and make connections through lateral-thinking
• Should be professionally qualified

Functional Competencies:

• Full knowledge of all secondary market G-Sec/Money Market trading and settlement (including Forex and Rupee derivatives), operations and accounting, regulations, etc.
• Should understand the Outright, repo and tri party repo concepts, and be able to take independent charge of the development of the trading platform.
• Working knowledge of the regulatory issues affecting the securities market
• Full acquaintance of RBI Notifications / Circulars; Good knowledge of Information Technology and Information Security

Job Purpose:

The incumbent will have primary responsibility for managing a team of about 15-20 employees, leading all operations and developments in the area.

Area of Operation/Key Responsibility

• Official will coordinate and control all operations for clearing and settlement of Government Securities (Outright, market repo and Tri party Repo, USD-INR investments, Collateral and funds management including funds and securities Lines of credit)
• Coordinate and control all operations for Trading Platforms (Tri party Repo),
• Develop capabilities to handle clearing and settlement of new instruments including enhancements on existing systems
• Develop capabilities to handle systems for investments and settlements
• Develop capabilities to handle collateral related activities
• Interact with the Regulators for necessary approvals and for reporting
• Interact with member banks and respond to all queries
• Handle documentation and correspondence particularly LOC agreements / renewals
• Build/maintain relationships with members, regulators, etc.
• Coordinate with other departments where necessary
• Interaction with senior executives/ Directors of the Board etc. in a formal environment

Any Other Requirement:

This is a middle management position for shouldering responsibilities and contributing in multiple areas related to trading, settlement and collateral and funds management. Candidate will normally be working in general shift. However, based on the need of the hour, the candidate may have to extend his/her working hours.

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