Marcellus – Debt Fund Manager & Dealer

Job Summary:

In this role, the candidate will run the debt dealing desk for Marcellus Asset Management’s mutual fund schemes and manage its liquid, overnight and other debt funds. Responsibilities include executing trades across money market and fixed income instruments, managing daily liquidity across schemes, and managing the debt allocation within multi-asset and hybrid schemes as required. Candidate in this role will be required to work closely with the fund management, risk, compliance and operations teams.

Key Roles and Responsibilities:

1. Dealing & Execution:

– Execute trades in T-bills, T-bonds, SDLs, CPs, CDs, TREPS and repo across NDS-OM, CCIL, RFQ and OTC markets with best execution

– Manage daily liquidity in different schemes of the AMCs: Manage overnight deployment and maturity profile basis flows

– Share market intelligence and views on rates, system liquidity, yield curve positioning, primary auctions and issuances in debt markets, as required, with the investment team

2. Fund Management:

– Co-manage liquid, overnight and other debt funds: portfolio construction, maturity/duration and yield-curve positioning within scheme mandates

– Manage debt allocation within multi-asset and other hybrid funds in close coordination with CIO and equity fund manager(s)

– Participate in T-bill/G-sec primary auctions and CP/CD primary issuances; monitor portfolio yield, liquidity buffers and concentration

3. Counterparty & Settlement:

– Maintain relationships with banks, PDs, brokers and issuers for price discovery

– Ensure timely trade confirmation and settlement with operations, custodian and CCIL

4. Compliance & Risk Management:

– Ensure compliance with SEBI MF Regulations, AMFI guidelines and RBI norms on money market dealing

– Maintain trade records and audit trails; monitor limits and exposures with risk team

Key Skills & Experience:

Required:

– Minimum 3 years of hands-on experience as a debt dealer in Indian money markets.

– Working knowledge of T-bills, T-bonds, TREPS, CPs, CDs and repo, incl. settlement mechanics.

– Hands-on experience with platforms such as NDS-OM, CCIL TREPS/CROMS/FTRAC and NSE/BSE RFQ.

– Good understanding of SEBI and RBI regulations governing money market dealing.

– Strong grasp of yield, accrual and pricing math.

– Strong interpersonal and communication skills; ability to execute under time pressure.

Preferred:

– Previous experience as debt dealer or fund manager in an asset management company.

– Experience with order management systems (OMS) such as mFund / mFund Plus.

– Experience managing a liquid, overnight or money market fund.