Job Description The Lead – OTC Operations will own end-to-end operations for Over the Counter (OTC) and unlisted products within Private Wealth Management. The role requires deep product knowledge, strong control discipline, and the ability to build and lead a specialized team across fixed income settlement, secondary AIF execution, and unlisted equity/CCPS and CCD transactions
n Key Responsibilities
n Trade Execution & Settlement
n n Own trade execution and settlement across OTC Fixed Income instruments, ensuring timely and accurate settlement.
n Manage end-to-end execution for unlisted equity, CCPS, and CCD trades, coordinating with counterparties, custodians, and RTAs.
n Coordinate with counterparty operations teams to resolve confirmation mismatches and settlement fails.
n n Secondary AIF Documentation & Execution
n n Drive documentation and execution for secondary AIF transactions, including assignment agreements, deeds of transfer, and KYC/AML checks on transferees.
n Liaise with fund houses/AMCs and legal teams on transfer terms, valuations, and compliance requirements.
n n Controls & Governance
n n Implement 4-eye / 6-eye controls across the OTC trade lifecycle, with complete audit traceability.
n Build and maintain SOPs for a low-frequency, high-complexity product set that does not fit standard STP flows.
n Monitor and manage operational risk on counterparty risk and valuation risk for illiquid instruments.
n n Team & Stakeholder Leadership
n n Build and lead a specialized team dedicated to Private Wealth OTC Operations, including capability development within the team.
n Act as the primary point of contact across Relationship Managers, custodians, AMCs, legal, and compliance.
n Manage vendor and counterparty relationships (custodians, RTAs,



law firms) supporting OTC and unlisted transactions.
n n Skills & Experience Required
n Product & Market Knowledge
n n Fixed income instruments (bonds, NCDs, structured debt), settlement conventions, and accrued interest calculations.
n Secondary AIF transactions — unit transfers, NAV-based pricing, drawdowns and distributions.
n Unlisted equity and CCPS structures, conversion terms, and valuation triggers.
n CCDs and debt-instrument-specific settlement nuances.
n n Operations & Documentation
n n End-to-end trade execution and settlement for OTC/bilateral (non-exchange-cleared) transactions.
n Drafting and reviewing SPAs, assignment deeds, and novation agreements.
n Working knowledge of transfer restrictions, ROFR, and lock-in clauses on unlisted/CCPS deals.
n n Regulatory & Compliance
n n Familiarity with SEBI AIF Regulations, FEMA, and Companies Act provisions relevant to private placements.
n Understanding of KYC/AML requirements for secondary transfers, and stamp duty/tax withholding treatment on OTC and unlisted trades.
n n Systems, Risk & Leadership
n n Comfort working with portfolio management systems, custodian platforms, and reconciliation tools.
n Solid Excel and data-handling skills for tracking positions, cash flows, and corporate actions on illiquid holdings.
n Proven people leadership experience, with the ability to build capability in a niche, high-value product area.
n n Ideal Experience Profile
n 8–15 years in wealth or asset management operations, with specific exposure to alternative investments (AIF), unlisted securities desks, or OTC fixed income settlement — not limited to standard listed-equity or mutual-fund operations, given the bespoke, documentation-heavy nature of this role.

📌 Lead - OTC Operations (Raigarh)
🏢 Nuvama Private
📍 Raigarh