Senior Manager/Associate Vice President - Fixed Income Dealer - Mutual Fund Firm (8-15 yrs)

Job Title: Fixed Income Dealer

Location: Mumbai

Department: Investment Management / Fixed Income

Reports To: Chief Investment Officer

Job Purpose:

The Fixed Income Dealer plays a critical role in implementing the firm's fixed income investment strategies by executing trades, monitoring market trends, and ensuring compliance. The role focuses on optimizing returns for clients through effective trade execution while supporting portfolio managers in managing fixed income investments.

Key Responsibilities:

Trade Execution:

- Execute trades in fixed income securities (e.g., government bonds, corporate bonds, municipal bonds, and asset-backed securities) as directed by portfolio managers.

- Monitor liquidity, spreads, and pricing to ensure cost-efficient execution with minimal market impact.

- Maintain accurate trade records and ensure timely confirmations and settlements.

Market Monitoring and Research:

- Track developments in fixed income markets, including interest rates, credit spreads, and economic indicators.

- Provide real-time market updates and insights to portfolio managers to inform investment decisions.

- Monitor central bank policies and macroeconomic trends to assess potential market impacts.

Support for Portfolio Management:

- Collaborate with portfolio managers to align trade execution with broader portfolio strategies and objectives.

- Assist in managing cash flows, rebalancing portfolios, and managing duration and credit exposures.

- Provide input on yield curves, relative value opportunities, and risk/reward trade-offs.

Risk Management and Compliance:

- Ensure all trades comply with internal policies, regulatory requirements, and client mandates.

- Monitor and adhere to risk limits, including credit, duration, and sector exposure thresholds.

- Actively participate in internal risk and compliance reviews related to fixed income activities.

Relationship Management:

- Build and maintain strong relationships with brokers, counterparties, and trading platforms to ensure access to competitive pricing and market liquidity.

- Negotiate favorable terms and ensure transparency in trading relationships.

Reporting and Communication:

- Prepare daily, weekly, and monthly reports on trading activity, portfolio performance, and market updates.

- Provide feedback to portfolio managers on execution performance and trading strategies.

- Collaborate with other investment teams to identify cross-asset opportunities.

Qualifications and Skills:

Educational Background:

- Bachelor's/Master's degree in Finance, Economics, Mathematics, or a related field.

- Professional certifications such as CFA, CAIA, or similar are preferred.

Experience:

- 8-15 years of experience in fixed income dealing, preferably within an asset management or investment firm.

- Strong track record of executing fixed income trades across various markets and instruments.

Technical Skills:

- In-depth knowledge of fixed income markets, products, and pricing methodologies.

- Proficiency with trading systems (e.g., Bloomberg AIM, MarketAxess) and analytical tools.

- Familiarity with portfolio management systems and risk management frameworks.

Soft Skills:

- Strong analytical and quantitative skills with attention to detail.

- Excellent communication and relationship management skills.

- Ability to work collaboratively under pressure in a fast-paced environment.

Key Performance Indicators (KPIs):

- Accuracy and efficiency in trade execution.

- Contribution to portfolio performance relative to benchmarks.

- Adherence to risk and compliance standards.

- Quality of market insights and value-added inputs for portfolio strategies.