Role Overview
Amunra is 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, reconciliations, P&L and performance reporting.
This is a hands-on role suited to someone with experience in proprietary trading, hedge fund/AIF/PMS middle office, institutional broking, securities operations or capital markets operations.
Key Responsibilities
Trader & Broker Operations
- Manage onboarding and offboarding of external traders and brokers.
- Maintain trader-broker-account mappings, trading IDs, APIs and access records.
- Coordinate account setup, broker documentation and operational readiness.
- Ensure trading access is appropriately activated, modified and revoked.
- Act as the primary operational point of contact for external traders, brokers and custodians.
- Resolve account, reporting, settlement, access and other day-to-day operational issues.
Capital, Margin & Risk Operations
- Implement capital and margin allocations approved by management.
- Monitor broker balances, collateral, available margin and margin utilization.
- Coordinate and execute approved cash, collateral and margin movements and confirm successful completion.
- Track intraday trader P&L, exposures, drawdowns and approved risk limits.
- Escalate margin shortages, limit breaches, unusual activity and material operational issues.
- Maintain appropriate approval and maker-checker controls around capital, margin and risk-related actions.
Trade, Position, Cash & Collateral Reconciliation
- Reconcile daily trades, positions, cash and collateral against broker, custodian and other relevant source records.
- Investigate trade breaks, missing trades, incorrect mappings and unexplained differences.
- Maintain supporting reconciliation evidence and daily source records.
- Maintain an exception log and ensure material breaks are resolved or escalated promptly.
P&L & Performance
- Independently calculate and validate trader-level and consolidated P&L.
- Calculate and validate brokerage, transaction costs and other agreed trading expenses.
- Maintain manager-level NAV, MTD/YTD performance, drawdowns and high-water marks.
- Maintain accurate historical performance records for each trader and strategy.
- Ensure reported performance is supported by reconciled underlying data.
Daily Reporting
Prepare and review the daily management Tear Sheet covering:
- Platform and trader-level P&L
- Capital and margin utilization
- Broker cash and collateral balances
- Drawdowns and risk status
- Reconciliation breaks
- Material 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.
- Ensure payout calculations are independently reviewed and appropriately approved.
- 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 repetitive data entry.
- Maintain scalable SOPs, controls and operational records.
- Work with technology resources to improve live P&L, margin and risk visibility across traders and brokers.
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 working knowledge of Indian listed markets, including equities and derivatives, and understand:
- Trade lifecycle and settlements
- Positions and exposures
- Realized and unrealized P&L
- Futures and options
- Margin and collateral
- Brokerage and transaction costs
- Drawdowns and performance calculations
- Broker and clearing operations
Strong 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 simply accept reported numbers
- Comfortable dealing directly with traders, brokers and custodians
- Hands-on, organized and process-driven
- Capable of managing multiple operational issues simultaneously
- Technically minded and interested in automation
- Disciplined about escalation, documentation and approval controls
