Senior Manager - Trading Operations & Middle Office

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