Domestic Interest Rates Trader

KEY RESPONSIBILITIES

• Execute trades in interest rate products such as Government Securities (G-Secs), State Development Loans (SDLs) and Treasury Bills, across tenors on NDS-OM and OTC market, with a focus on best execution and portfolio efficiency.
• Execute and manage Overnight Index Swap (OIS) positions for interest rate hedging, duration overlay, and relative value expression in line with portfolio mandates.
• Monitor and analyse RBI monetary policy announcements, open market operations (OMOs), SDF / MSF rates, and system liquidity conditions that drive sovereign yield curve movements.
• Monitor DV01 / PV01 sensitivities of the rates book and flag deviations from risk parameters to the senior trader and portfolio management team.
• Maintain and deepen relationships with primary dealers and banks for price discovery, block trade execution, and NDS-OM liquidity access.
• Coordinate with operations for accurate settle...