Star Union Dai-ichi Life Insurance Company Limited
Website:
sudlife.in
Job details:
We are hiring an Equity Dealer in our Investments Department. The role involves executing equity trades across portfolios, ensuring best execution, regulatory compliance, operational accuracy, and coordination with fund managers, brokers, and operations teams.
Key Responsibilities
- Execute equity cash trades across NSE/BSE in accordance with fund manager instructions.
- Ensure best execution through optimal pricing, timing, liquidity management, and broker selection.
- Execute IPOs, OFS, QIPs, rights issues, buybacks, block deals, and bulk deals.
- Monitor pre-trade and post-trade exposure limits and escalate exceptions immediately.
- Ensure compliance with IRDAI regulations, Board-approved Investment Policy and internal investment guidelines.
- Maintain dealing records, trade documentation, contract notes, and audit trails.
- Manage relationships with empanelled brokers and support broker evaluation exercises.
- Track market developments, corporate actions, index rebalancing events, and liquidity conditions.
- Coordinate trade confirmations, settlement, reconciliations, and exception management with Operations and Custodian teams.
- Prepare dealing MIS including broker turnover, execution quality, transaction cost analysis, and exposure utilization reports.
- Operate dealing terminals, OMS platforms, Bloomberg/Reuters and related market systems.
Key Stakeholders
- Fund Managers and CIO
- Compliance and Risk Management Team
- Middle Office and Operations
- Custodians and Fund Accounting Team
- Empanelled Broking Firms
- Internal and External Auditors
Candidate Requirements
- 2–4 years of institutional equity dealing experience.
- Experience in life insurance, AMC, mutual fund, PMS, AIF, treasury, or institutional broking preferred.
- Strong understanding of market microstructure, execution strategies, liquidity management, and order types.
- Excellent accuracy, attention to detail, and ability to work under market pressure.
- Strong communication and stakeholder management capabilities.
- Proficiency in Excel, OMS platforms, Bloomberg, Reuters, or equivalent systems.
Educational Qualifications
- Graduate/Postgraduate in Finance, Commerce, Economics, Mathematics, Statistics, or related discipline.
- MBA (Finance), CA, CFA, FRM, CMT or similar professional qualifications preferred.
Key Performance Indicators (KPIs)
- Accuracy and timeliness of trade execution.
- Zero material compliance or exposure-limit breaches attributable to dealing activities.
- Trade capture and settlement accuracy.
- Execution quality and transaction cost management.
- Quality and timeliness of dealing MIS and reporting.
- Audit observations relating to dealing activities.
- Preparation of reports for Monthly and Quarterly Board Meetings
- Preparation of NAV comparison and Rankings
- Peer comparison and Attribution analysis (added advantage)
- Managing/Rebalancing Index based ETF’s
- Sourcing of Block deals
What Success Looks Like
- Consistently delivers efficient execution with minimal market impact.
- Maintains a strong compliance and audit record.
- Supports seamless trade settlement and reconciliation.
- Builds trusted working relationships with Fund Managers and internal stakeholders.
- Demonstrates strong understanding of investment processes, regulations, and risk controls.
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