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, robust 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

Key Responsibilities
Trade Execution & Settlement
Own trade execution and settlement across OTC Fixed Income instruments, ensuring timely and accurate settlement.
Manage end-to-end execution for unlisted equity, CCPS, and CCD trades, coordinating with counterparties, custodians, and RTAs.
Coordinate with counterparty operations teams to resolve confirmation mismatches and settlement fails.
Secondary AIF Documentation & Execution
Drive documentation and execution for secondary AIF transactions, including assignment agreements, deeds of transfer, and KYC/AML checks on transferees.
Liaise with fund houses/AMCs and legal teams on transfer terms, valuations, and compliance requirements.
Controls & Governance




Implement 4-eye / 6-eye controls across the OTC trade lifecycle, with complete audit traceability.
Build and maintain SOPs for a low-frequency, high-complexity product set that does not fit standard STP flows.
Monitor and manage operational risk on counterparty risk and valuation risk for illiquid instruments.
Team & Stakeholder Leadership
Build and lead a specialized team dedicated to Private Wealth OTC Operations, including capability development within the team.
Act as the primary point of contact across Relationship Managers, custodians, AMCs, legal, and compliance.
Manage vendor and counterparty relationships (custodians, RTAs, law firms) supporting OTC and unlisted transactions.
Skills & Experience Required
Product & Market Knowledge
Fixed income instruments (bonds, NCDs, structured debt), settlement conventions, and accrued interest calculations.
Secondary AIF transactions — unit transfers, NAV-based

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