Role Overview

We are building a proprietary multi-manager trading platform in India that allocates the firm's capital and margin across a select group of external traders.

We are looking for a Senior Manager — Trading Operations & Middle Office to own the day-to-day operating infrastructure of the platform across traders, brokers, margin, risk, reconciliation, P&L; and performance reporting.

This is a hands-on role suited to someone with experience in proprietary trading, F&O; trading, or institutional broking operations.

Key Responsibilities

Trader & Broker Operations

- Manage onboarding and off-boarding of external traders and brokers.
- Maintain trader-broker-account mappings, trading IDs, APIs and access records.
- Coordinate account setup, broker documentation and operational issues.
- Ensure trading access is activated, modified and revoked appropriately.

Capital, Margin & Risk Operations
- Implement capital and margin allocations approved by management.
- Monitor broker balances, collateral, available margin and utilization.
- Track intraday trader P&L;, exposures, drawdowns and risk limits.
- Escalate margin shortages, limit breaches, unusual activity and operational issues.

Trade, Position & Cash Reconciliation
- Reconcile daily trades, positions, cash and collateral against broker records.
- Investigate trade breaks, missing trades, incorrect mappings and unexplained differences.
- Maintain an exception log and ensure breaks are resolved promptly.

P&L; & Performance
- Independently calculate and validate trader-level and consolidated P&L.;
- Calculate brokerage, transaction costs and other agreed expenses.
- Maintain manager-level NAV, MTD/YTD performance, drawdowns and high-water marks.
- Maintain accurate historical performance records for each trader and strategy.





Daily Reporting Prepare a daily management tear sheet covering:
- Platform and trader-level P&L;
- Capital and margin utilization
- Broker cash/collateral balances
- Drawdowns and risk status
- Reconciliation breaks
- Key operational or risk issues requiring management attention

Trader Payouts & Finance Support
- Calculate trader profit-share and payout amounts.
- Maintain high-water-mark and loss carry-forward records where applicable.
- Provide reconciled trading and performance data to finance/accounting.
- Support month-end closing, broker invoice reconciliation and audit requirements.

Process Improvement & Automation
- Improve and automate broker data ingestion, reconciliation, P&L; and reporting workflows.
- Reduce reliance on manual spreadsheets and data entry.
- Build scalable SOPs and operational controls.

Candidate Profile

Ideally 4-6 years of relevant experience in proprietary trading operations, hedge fund/AIF/PMS middle office, institutional broking, securities operations or a similar environment.

The candidate should have strong knowledge of Indian listed markets, including equities and derivatives, and understand:

- Trade lifecycle
- Positions and settlements
- Realized and unrealized P&L;
- Futures/options
- Margin and collateral
- Brokerage and transaction costs
- Drawdowns and performance calculations

Robust Excel skills are essential. Experience with Python, SQL, APIs, OMS/RMS systems or automated reconciliation tools is a strong advantage.

Key Attributes

We are looking for someone who is:

- Extremely detail-oriented and numerically strong
- Comfortable working under market-hour pressure
- Strong on controls, reconciliation and audit trails
- Able to challenge discrepancies rather than accept reported numbers
- Comfortable dealing directly with traders and brokers
- Hands-on, organized and process-driven
- Technically minded and interested in automation

📌 Senior Manager - Trading Operations & Middle Office (Mumbai)
🏢 Amunra
📍 Mumbai