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 transaction

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