Head of Market Operations (Grade: GM / AVP)

Job Description

Position: Head of Market Operations

Grade: General Manager / Asst. Vice President

Location: Andheri, Mumbai

Reports to: MD & CEO

Educational Qualification:

BE (Electrical & Electronics Engineering) / B.Tech. (Preferably an MBA)

Years of experience:

15+ Years

About PXIL:

Power Exchange India Limited (PXIL), India’s first institutionally promoted power exchange, has been providing innovative and credible solutions since 2008, and has revolutionized the way Indian power markets operate. PXIL’s unique combination of local insights and global perspectives has helped its members make better informed business and investment decisions and has improved the overall efficiency of power markets in India by accurately and seamlessly connecting buyers and sellers.

Please visit Company website - https://www.powerexindia.in

Who we are?

PXIL is promoted by two of India's leading Exchanges, National Stock Exchange of India Ltd (NSE) (through its wholly owned subsidiary NSE Investments Ltd.) and National Commodity & Derivatives Exchange Ltd (NCDEX).

Apart from promoters, the other equity shareholders of the Exchange are:

• Private Entities: GMR Energy, JSW Energy, Tata Power Trading Co Ltd.
• State Utilities: MP Power Management Co. Ltd., Gujarat Urja Vikas Nigam Ltd., and West Bengal State Electricity Distribution Co. Ltd.
• Central Govt: Power Finance Corporation Ltd, NTPC Vidyut Vyapar Ltd.

About the Role:

Power Exchange India Limited (PXIL) is seeking a strategic, dynamic and an accomplished professional to join our team as the Head of Market Operations. This is a functional leadership role. The incumbent will be responsible for leading the Market Operations department and ensuring the smooth functioning of our power trading platform in compliance with all regulatory requirements. You will provide strategic direction, oversee operational activities, and drive continuous improvement initiatives to enhance efficiency and reliability. If you have a strong understanding of power market regulations, proven leadership skills, and a passion for driving excellence in operations, we invite you to join us in shaping the future of the power trading industry in India.

The incumbent is expected to have strong understanding of power trading, power markets and power sector regulatory environment and practices.

Role and responsibilities:

1. Strategic Leadership: Providing strategic direction and leadership to the Market Operations team to achieve organizational goals and objectives.
2. Regulatory Compliance: Staying updated with power market regulations and always ensure compliance with regulatory requirements.
3. Operational Management: Ensuring the smooth functioning of the power trading platform, including scheduling, clearing, settlement, and risk management processes.
4. Market Surveillance: Monitoring market activities and implement measures to detect and prevent market manipulation, fraud, and other irregularities.
5. Stakeholder Management: Collaborating with internal stakeholders, including Leadership team, Trading team, Risk Management, and IT teams, as well as external stakeholders such as regulators and market participants.
6. Process Improvement: Identifying opportunities for process optimization and automation to enhance operational efficiency and reduce costs.
7. Team Development: Coaching, mentoring, and developing team members to build a high-performing Market Operations team capable of meeting evolving business needs.
8. Performance Monitoring: Establishing performance metrics and KPIs to track the effectiveness of Market Operations activities and drive continuous improvement.
9. Professional Networking: Developing, maintaining improving relations with Regulators, State Officials, Government Authorities, Load dispatch centres and Industrial Associations.

Functional competencies:

• Power market knowledge
• Regulatory compliance
• Operational management
• Market surveillance
• Risk management framework.
• Process optimization.
• Data and market analysis
• Team development

Behavioural competencies:

• Strong interpersonal and leadership skills
• Adaptability and Result orientation
• Decision making skills.
• Team collaboration and Conflict resolution skills
• Problem solving skills.
• Customer centricity
• Resilience
• Creative & innovativeness

Please apply with your updated CV mentioning Current & expected CTC and Notice period 
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