Job Title: Equity Dealer

We are looking for talented and experienced professionals to join our growing financial services team at Fort, Mumbai.

JOB DESCRIPTION – EQUITY DEALER

Equity & Commodity Dealing Desk | Mumbai (Fort) | Full-time

Position Details

Position

Equity Dealer

Company

Devmani Traders Pvt. Ltd. (Authorised Person of Kotak Securities Ltd.)

Location

108 Horniman Circle Chambers, Fort, Mumbai 400001 (On-site)

Reports to

Head

Employment Type

Full-time

Working Hours

Monday–Friday, market hours plus pre-open and post-close work (approx. 8:45 am – 5:30 pm)

Experience

1–3 years as a dealer in equity and commodity markets

Openings

1

About Devmani Traders

Devmani Traders Pvt. Ltd. is a Mumbai-based financial services firm established in 2008. We are an Authorised Person of Kotak Securities Ltd., with equity assets of over ₹2,000 crore under that arrangement, and an AMFI Registered Mutual Fund & SIF Distributor (ARN-289110) with mutual fund AUM of over ₹200 crore.

Our equity desk serves HNI, family and corporate clients across cash equity, F&O and commodities, including covered-call and collar positions held against clients' equity portfolios.

Role Summary

The Equity Dealer executes client orders in cash equity, equity F&O and commodity derivatives accurately and on time, on the Kotak Securities dealing platform. The role is the client's first point of contact during market hours and owns order accuracy, margin checks and same-day reconciliation.

The dealer acts strictly on client instructions and does not provide investment advice. Devmani Traders is not a SEBI-registered Investment Adviser or Research Analyst.

Key Responsibilities

Order Execution

Take and execute client orders in NSE/BSE cash and F&O segments and MCX/NCDEX commodity segments (market, limit, stop-loss, basket and AMO orders) with zero punching errors.

Confirm every order with the client before and after execution, on recorded lines or approved written channels.

Execute derivatives strategies on client instruction, including monthly covered-call (CE) rollovers, collars and put-writing against existing holdings.

Handle IPO, buyback, OFS and corporate-action applications on client request.

Risk and Margin

Check available margin, holdings and position limits before placing orders.

Monitor open F&O positions, MTM and margin shortfalls during the day and alert clients early.

Track expiry-day positions and physical-settlement obligations for stock F&O and commodity contracts.

Client Service

Be the primary contact for client calls and queries during market hours.

Send trade confirmations and share contract notes, ledger and holding statements on request.

Share Kotak Securities research reports with clients where requested, without adding personal recommendations.

Back Office and Reconciliation

Reconcile executed trades against client instructions and the back-office trade book at end of day.

Coordinate funds pay-in/pay-out, DP/DIS and pledge requests with Kotak Securities and the operations team.

Maintain the dealing register, call records and order logs.

Compliance

Follow SEBI, exchange and Kotak Securities rules for Authorised Persons, including KYC, order recording and pre-trade checks.

Never trade without a client instruction, share client data, or use language implying advisory or guaranteed returns.

Escalate unusual or suspicious trading activity to the compliance officer.

Requirements

Qualifications and Certifications

Graduate in Commerce, Finance, Economics or a related field.

Valid NISM Series VIII – Equity Derivatives and NISM Series XVI – Commodity Derivatives certificates (mandatory).

NISM Series VII – Securities Operations and Risk Management (preferred).

Experience

1–3 years dealing in equity (cash and F&O) and commodity (MCX/NCDEX) segments at a broker, sub-broker or Authorised Person.

Hands-on with broker dealer terminals and back-office systems; Kotak Securities platforms an advantage.

Skills

Sound knowledge of NSE/BSE order types, equity F&O and commodity contracts, lot sizes, expiry, delivery and margin rules (SPAN + exposure).

Working understanding of options strategies such as covered calls, collars and spreads.

Fast, accurate order entry under pressure; strong attention to detail.

Good Excel skills for trade logs, reconciliations and position tracking.

Clear communication in English and Hindi; Gujarati or Marathi is a plus.

High integrity and a firm grasp of client confidentiality.

What We Offer

Competitive fixed salary plus performance incentive.

Exposure to a large HNI equity and derivatives book under a leading broker.

Support for further NISM certifications.

A stable, established team in South Mumbai's Fort district.

How to Apply: Email your CV and NISM certificate copies to smruti@devmanitraders.com with the subject line "Application – Equity Dealer", or call 022 42134213.

Pay

₹25,000.00 - ₹35,000.00 per month

Benefits

Food provided

Education

Bachelor's (Required)

Experience

Equity dealer

3 years (Preferred)

License/Certification

NISM Series VIII – Equity Derivatives (Required)

NISM Series XVI – Commodity Derivatives (Required)

Work Location

In person