Securities & Derivatives Analyst Market Ops

Overview

Treasury Operations role covering end-to-end settlement, reconciliation and regulatory reporting for Fixed Income and Money Market instruments, including Primary Dealership operations.

What you'll do

• Run the end-to-end settlement process for Fixed Income (G-Secs, corporate bonds, T-Bills) and Money Market instruments (CPs, CDs, call/notice money, repos).
• Verify, authorize and release high-value transactions in compliance with RBI guidelines and internal risk controls.
• Coordinate with counterparties, custodians, clearing corporations and internal teams to ensure timely trade confirmations and settlements.
• Monitor and resolve trade exceptions, breaks and discrepancies through proactive follow-ups.
• Ensure accurate accounting entries, reconciliations and regulatory reporting for all treasury transactions.
• Ensure accurate valuation of fixed income securities (G-Secs, SDLs, corporate bonds) using market-based and model-based approaches, in line with RBI and accounting standards.
• Manage operational aspects of Primary Dealership activities, including auction participation, underwriting commitments and secondary market trades.
• Prepare and review regulatory reports (ORFS, SGL, RBI returns) with zero tolerance for errors.
• Coordinate with front office, risk, compliance and custodians to ensure smooth trade lifecycle management.
• Stay updated on market regulations, settlement cycles, RBI circulars, market developments and valuation methodologies.

What you'll need

• Bachelor's degree in finance, economics, business administration or a related field.
• 5-8 years of experience in Treasury Operations with a strong focus on fixed income and money market instruments.
• Good understanding of transaction processing for primary and secondary market corporate bonds, CPs and CDs.
• Hands-on experience with market applications such as NDS, CROMS, E-KUBER, CBRICS and FTrac.
• In-depth knowledge of valuation techniques for fixed income securities, including yield curve construction, duration/convexity analysis and mark-to-market processes.
• Hands-on experience in Primary Dealership operations, including auction bidding, underwriting and settlement.
• Strong understanding of RBI regulations, SGL/CSGL processes and clearing systems.
• Proficiency in treasury management systems and advanced Excel skills.
• Exceptional attention to detail, problem-solving skills and the ability to work under tight deadlines.
• A collaborative mindset with the ability to work effectively across teams.

Nice to have

• Master's degree or relevant professional certifications (e.g., CA, FRM, CFA).
• Implement process improvements to enhance efficiency, reduce operational risk and strengthen internal controls.
• Drive process improvements and automation initiatives to enhance operational efficiency and reduce risk.
• Manage daily cash flow, liquidity positions and collateral requirements to support trading activities.
• Prepare regulatory submissions to RBI, including Primary Dealership reports and standard monthly, quarterly and yearly reports such as PDR II and Risk Based Supervision.

Details

• Location: Mumbai, Maharashtra, India.
• Employment type: Full time.