Indian Listed Derivatives – NSE, BSE & MCX
Role Type: Portfolio Management | Systematic Trading | Pod Leadership

Northstar Quant is a fully systematic, delta-neutral investment manager focused on India’s listed futures and options markets.
We combine systematic strategies, disciplined portfolio construction, robust risk management and institutional-grade execution to build investment programs designed specifically for Indian markets.
A publicly listed group with three decades of building businesses across financial services and investments.

We are looking for an experienced Senior Portfolio Manager to lead and own a systematic trading pod.
This is a senior, hands-on investment role with direct accountability for the pod’s strategies, capital, team, risk and P&L; .
The successful candidate will manage a live systematic derivatives portfolio, set the research agenda, develop quantitative traders and researchers, and operate within Northstar’s investment and risk framework.

set priorities, assign ownership, uphold research standards and mentor talent.

- Take direct responsibility for risk-adjusted returns, drawdowns, capital efficiency and portfolio stability across the pod.
- Lead research, validation and deployment of systematic futures and options strategies; Risk management: Own position sizing, exposure, concentration, liquidity, drawdown and tail-risk controls; Oversee implementation, hedging, rolling and expiry management; improve fill quality, slippage, impact and operational reliability.
- Performance discipline: Attribute results across strategies, instruments, risk factors, market regimes and execution; explain deviations between backtested and realised performance.
- Work closely with Northstar’s technology, data, execution and risk teams to strengthen the pod’s infrastructure and live controls.
- Provide clear, accurate updates to senior management on pod performance, exposures, drawdowns, capacity,



risks and material developments.

Develop and manage strategies across Indian listed derivatives venues, including NSE, BSE and MCX, as well as other relevant exchanges and trading venues as the opportunity set evolves. Experience & Capabilities

- ~10 years of relevant Indian markets experience, with meaningful responsibility for live systematic trading, portfolio management or proprietary capital.
- Demonstrated leadership experience managing, mentoring or developing quantitative traders, researchers or a comparable investment team.
- Advanced understanding of options pricing, Greeks, skew, term structure, volatility, relative-value and market-neutral strategies.
- Strong portfolio construction and risk skills covering diversification, correlation, sizing, capacity, drawdowns, nonlinear exposure and tail risk.
- Ability to challenge backtests for overfitting, look-ahead and survivorship bias, unstable parameters, unrealistic costs and weak implementation assumptions.
- Robust quantitative and analytical ability, including proficiency in Python or a comparable research environment and comfort with large intraday, options-chain and market data sets.
- Bachelor’s, Master’s or PhD in a rigorous analytical discipline such as mathematics, statistics, engineering, computer science, physics, quantitative finance or economics.

Deliver performance within agreed risk and drawdown limits while improving diversification, execution quality and capital efficiency.

- Strengthen the pod’s monitoring, attribution, research discipline and portfolio-level controls.
- Scale the team and portfolio without compromising risk standards, accountability or research quality.

A calm, decisive and intellectually honest investor with strong commercial judgement, quantitative rigour and deep respect for risk. You set high standards without ego, communicate clearly with technical teams, and take personal accountability for both people and investment outcomes.

📌 Portfolio Monitoring Senior Manager (Mumbai)
🏢 Northstar Quant
📍 Mumbai