Overview
Structured Credit Trading (Mumbai)
This is a high-impact support role within the Global Credit Financing & Solutions (GCFS) team. The Mumbai team acts as a crucial extension of the onshore (US and EU) trading desks, providing analytical, risk management, and trade support for complex structured credit transactions.
Core Function of the Role:
– The individual will be integral in supporting single-asset financing and asset-backed lending (ABL) transactions. This involves bridging the front-office (traders) with middle-and-back-office functions, with a clear path toward taking ownership of risk management and P&L for the book.
Key Responsibilities & How They Align with Candidate Requirements:
– Responsibility from JD What It Means & Connection to Candidate Requirements
– Assist on all aspects of repo/TRS trades Directly requires experience with Repo/Reverse Repo. The candidate will handle collateral funding, financing calculations, and managing lifecycle events (fixings, trigger events) for these products.
– Assist with new/existing transactions: margin calls, interest payments, exposure calculations This is the “full deal life cycle” experience. The candidate must understand a trade from inception (onboarding) through its daily life (margin, payments) to maturity.
– Help manage risk reports and daily P&L reconciliations Requires strong Quant Analytics Skills. This involves using models to calculate risk exposures (credit, market, capital) and ensuring the desk’s P&L is accurate, which demands strong analytical and numerical prowess.
– Value positions and distribute prices Requires deep understanding of Credit Products.
– Accurately valuing complex financing trades requires knowledge of their risk factors and pricing models.
– Build and optimising everyday tools used by desk traders Leverages B.Tech background. This is where the candidate’s technical and quantitative skills are applied to create efficiencies, automate reports, and improve analytics.
– Monitor credit performance of obligors… using AI tools like CoPilot Highlights the need for a pro-active learner. The role requires using advanced tools to analyze data and summarize information, demanding a self-starter who can quickly adapt to new technologies.
Ideal Candidate Profile Synthesis:
– Based on the Job Description and your specific requirements, the ideal candidate is:
– Academic Pedigree: A B.Tech from an IIT/Tier 1 institute is mandatory.
– An MBA (Finance) is highly desirable, creating a powerful combination of strong quantitative skills and business/financial acumen.
– Experience (2-5 Years): Must have hands-on, practical experience in a credit trading, structuring, or analytics role.
Specifically:
– Product Knowledge: Demonstrated experience with Repo, Reverse Repo, and Loan Financing products.
– Deal Lifecycle: Involvement in the end-to-end process of trades, not just one part of it.
Core Skills:
– Quantitative Analytics: Ability to deconstruct problems, build models, and analyze data rigorously.
– Pro-active & Self-Starter: Must operate independently in a global team, identify issues, and drive solutions without constant supervision. This is emphasized repeatedly in the JD.
– Operational Readiness: Must be comfortable with the 1:30 PM to 10:30 PM IST shift to ensure overlap with US and European trading desks.
– Conclusion