Position Options Trader

Role & Options Trader will be responsible for:

Responsibilities Responsible for market making of vanilla options and structures
approved by RBI for Rupee options to both customers and interbank
market and running Bank Rupee option book.
Quoting and covering both vanilla and exotic options in G10 currencies
to customers.
Actively involved in developing trade ideas for any client's
requirements.
Negotiate and execute Currency derivative with clients using a variety
of trading.
Become a consultant with respect to idea generation, market insight,
exposure management, instrument usage, liquidity access, and other
execution oriented tasks.
Always continue to expand knowledge/proficiency in different
instrument types including participating in continuing education
programs and regularly interacting with the sell-side on new products
and innovations.
Maintain a constant vigilance of technological, regulatory and other
developments to ensure our execution process remains highly valued-
added, compliant and representative of best industry practices.
Review and complete all relevant administrative documentation such
as end of day trade reports and commission reports, and liaise with
various supporting functions (Investment Operations, Legal,
Compliance, etc) as required.
Assist senior trading staff with the development of new trading staff.
Educational The candidate must be minimum graduate from a recognized university in
Qualification Mathematics / Finance or its equivalent.
Experience A minimum of five years of experience working on Forex option
trading desk; experience of working in the financial markets through
an investment management company or Bank is preferred.
Knowledge of the Option market, trading characteristics, and factors
influencing price trends and fluctuations.
Experience of running at Option book for at least 2 years for any
reputed financial investment company of Bank.
Ability to analyze and interpret market data and apply information to
the appropriate trade
Exhibit proficiency in enterprise and trading-specific applications and
adapt quickly to new technologies
Proficiency in mathematical calculations
Nature of Regular Basis
Engagement
No. of Positions 1 (One)
Compensation CTC Offered:

The Candidate will be selected on regular basis in the rank of Middle

Management Grade / Scale-III.

Scales of Pay (as on date)

MMG/S III - ` 42020 x 1310 (5) - 48570 x 1460 (2) 51490

 Emoluments
At present, initial CTC at the initial level of Senior Management
Grade/Scale V, including DA, Special Allowance, HRA, CCA and all perks
and benefits, etc. as admissible as per rules of the Bank, in force from time
to time is approximately ` 1,20,3119/- per annum, in a Metropolitan
Centre. Allowances may vary depending upon the place of posting. In
addition, various other benefits like medical insurance coverage, other
insurance, concessional staff loans, attractive terminal benefits (on
retirement), LTC, Bank residential quarters in lieu of HRA, etc. are
admissible.
Location of posting Mumbai
Email to be sent to recruitment@bankofbaroda.com
Website www.bankofbaroda.com
Contact Number 022-66985515 / 022-66985541
Last Date of 26th May 2017
Application