- Location
- IN India
- Type
- Full-time
- Closing date
- Today
- Source
- Workday
Description
We are currently seeking an experienced India Market Derivatives Trader to join our growing international Capital Markets and Credit Investment team in GIFT City, India. This is an exciting opportunity to join a new and growing team at one of Canada’s largest asset managers.
Posting close date: August 15, 2026.
THE OPPORTUNITY
The IMDT will be responsible for executing and managing BCI's India derivatives program, including Single Stock Futures, Total Return Swaps, collateral management, clearing oversight and regulatory compliance across both onshore India and GIFT City markets.
Based in the upcoming office in Gujarat International Finance Tec-City (GIFT), India's international financial services hub and reporting into the Senior Managing Director, DTI in London, the derivatives trader sits inside the Derivatives, Trading and Index portfolio management team.
The role requires extensive understanding and expertise in NSE and NSE IX market structure, Single Stock Futures, Index Futures, Total Return Swaps, Corporate actions processing, Margin and collateral frameworks and FPI regulations. The IMDT will act as BCI's subject matter expert for India derivatives markets and market infrastructure and lead engagements with financial partners, custodians, clearing members, exchanges and service providers supporting India's derivatives ecosystem.
In addition, the IMDT will have extensive understanding of rules in relation to derivatives published by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and International Financial Services Centres Authority (IFSCA). Working standard and non-standard IN GIFT city office hours is mandatory. This role consists of rigorous screening and computation of derivative contract fair value and associated collateral data, OTC swap markets, local jurisdiction laws and analysis of single stock companies to identify corporate actions. The IMDT will execute all trades and monitor the life cycle of trades and roll positions, management fully end to end.
DEPARTMENT DESCRIPTION
The Capital Markets & Credit Investments Group manages a portfolio of fixed income, equity and absolute return investments representing approximately C$150 billion utilizing both index and active management strategies. The Group invests in Canada, the U.S. and internationally in both the developed and emerging markets. Assets are managed using both internal management and external managers.
The Group uses a diverse mix of financial instruments including bonds, equities and derivatives. In addition, the Group is a leader in Responsible Investing actively integrating environmental, social and governance factors into our investment analysis and decision-making.
Strategic Importance of the Role
BCI is establishing a presence in GIFT City to expand its capabilities across India's capital markets. This role will help build and operate BCI's India derivatives platform, supporting portfolio implementation, liquidity management, index exposure, risk transfer and capital efficiency initiatives across one of the world's fastest-growing financial markets.
WHAT YOU BRING
Required:
Minimum of 5 years of India derivatives securities experience working with a Foreign Portfolio Investor (FPI) or a local institution with dual presence offshore (GIFT) and onshore India (Bombay/Mumbai)
Strong understanding of regulatory requirements administered by RBI, SEBI and IFSCA, with experience engaging market participants, exchanges, clearing members and regulatory stakeholders.
Strong analytical and problem-solving skills to originate and structure solutions with keen attention to detail on fair value of SSFs and collateral posting requirements and risk minimisation.
Strong legal understanding of regulatory frameworks and collateral schedules.
Professional presentation, communication and writing skills
Diplomatic, tactful and strong interpersonal skills
Eager, strong work ethic, and desire to learn
Passion for the Financial markets
Ability to work flexible hours to match North America, Asia and European time zones
Ability to translate and articulate derivative ideas to a larger audience including colleagues, management, and clients.
WHAT YOU GET TO DO
Under the supervision of the SMD, DTI, the identifies, analyzes, values and recommends trade opportunities using DTI's robust decision-making framework
Accountable for ensuring that investment policies and guidelines and portfolio risk parameters are followed.
Performs in-depth analysis and builds and maintains pricing models and database
Responsible for annual revenue targets and day-to-day zero errors.
Responds to corporate actions, daily cash management and reconciliation of equity and financing resets, etc.
Liaises with the London and Victoria trading desk on appropriate execution strategies and trading opportunities.
Monitors, analyzes and provides attribution analysis on portfolio performance to the SMD, DTI
Performs other duties as directed by the Head of Trading
Embraces and demonstrates high ethical standards in both their personal and professional lives