The Derivatives Trader (Arbitrage & Non-Directional) will be responsible for identifying, validating, and executing market-neutral trading strategies across the NSE, BSE, and MCX. This is a hybrid execution role requiring the trader to manage fully automated algorithmic trading software while simultaneously scanning and executing trades manually when structural, event-driven, or discretionary arbitrage opportunities arise. The core focus is to extract low-risk alpha from price discrepancies, volatility skews, and mathematical mispricings while ensuring zero unhedged directional exposure.
Key ResponsibilitiesHybrid Execution & Strategy Management
- Algorithmic System Monitoring: Oversee, configure, and calibrate automated algo execution systems (e.g., automated execution of cash-future basis, index arbitrage, and options market making).
- Manual & Semi-Automated Trading: Actively scan the market to identify and manually execute high-yield, complex strategies such as corporate action arbitrage, calendar spreads, physical delivery options, and multi-leg delta-neutral options spreads (e.g., iron condors, butterflies).
- Dynamic Hedging & Calibration: Manually intervene or adjust algorithmic thresholds to perform continuous portfolio delta-hedging during rapid intraday shifts or high-impact economic events.
- Slippage & Infrastructure Management: Track execution latency, order fills, and impact costs. Ensure automated logic and manual execution pathways do not fight each other for liquidity on the order book.
Risk Management & Capital Efficiency
- Greeks Management: Monitor live aggregated portfolio risks across Delta, Gamma, Vega, and Theta. Ensure all algo models and manual trades conform tightly to enterprise risk limits.
- Systemic Risk Mitigation: Act as the first line of defense against algorithmic malfunctions (e.g., loop traps, runaway execution, or data feed drops) by utilizing manual kill switches and risk desks overrides.
- Margin & Leverage Optimization: Monitor real-time Span/Exposure margin requirements and peak margin allocations across NSE, BSE, and MCX to optimize capital turnover.
Education & Mandatory Certifications
- Education: Graduate/Postgraduate degree in a quantitative or technical discipline (Finance, Computer Science, Financial Engineering, Mathematics, or Statistics).
- Mandatory Regulatory Licenses: Active certificates in NISM Series VIII (Equity Derivatives) and NISM Series XVI (Commodity Derivatives)
Compensation & Performance Benefits
- Performance-Linked Variable Incentive: A highly rewarding, transparent performance bonus directly correlated with desk profitability, capital efficiency, and individual alpha generation.
Pay: From ₹25,000.00 per month
Experience:
- Derivatives Trading: 1 year (Required)
Work Location: In person
