Legal Job Opening: Sr. Executive – Corporate Legal at Multi Commodity Exchange of India

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management is looking to hire a Sr. Executive – Corporate Legal for their Mumbai Office.

Job Responsibilities:

Effectively Draft and Vet all Agreements, Contracts, Bank Guarantees, Board Agenda and other documents as may be required.

To manage litigation, including the recovery of over dues and advisory related work of the department.

Preparation of MIS for briefing management about pending cases, coordinating with Counsels and undertake office administration work of the department.

Experience:

Minimum 3 to 5 years of relevant experience in legal practice/ Law Firm or managing Litigation and Non-Litigation work in Banking, NBFC or broking. Candidate should possess sound interpreting and Drafting Skill.

To apply for this legal job: Click Here

About the Company:

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities. It is India’s first exchange to offer commodity options contracts. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework. The Exchange has an extensive national reach, with 688 registered members and 54,471Authorised Persons with its presence in around 1041 cities and towns across India as on 30 June 2020. MCX is India’s leading commodity derivatives exchange with a market share of 96.7% per cent in terms of the value of commodity futures contracts traded in Q1 FY21.

The Exchange’s flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key commodities traded on MCX. The iCOMDEX series consists of iCOMDEX Composite, apart from two sectoral indices: iCOMDEX Base Metals and iCOMDEX Bullion, and also four single-commodity indices: iCOMDEX Gold, iCOMDEX Silver, iCOMDEX Copper and iCOMDEX Crude Oil.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), a wholly-owned subsidiary of MCX, is the first clearing corporation in the commodity derivatives market. The clearing corporation provides collateral management and risk management services, along with clearing and settlement of trades executed on the Exchange. The European Securities and Markets Authority (ESMA) has granted recognition to MCXCCL as a third country CCP under European market infrastructure regulation. MCXCCL having state of art risk management system is the central counterparty for all trades executed on MCX’s trading platform. It also provides Electronic Commodity Accounting and Receipts Tracking System through web based portal ‘Commodity Receipts Information Systems’ (COMRIS). Further, it provides a settlement guarantee for all trades executed on MCX via Settlement Guarantee Fund (SGF).

With an aim to seamlessly integrate with the global commodities ecosystem, MCX has forged strategic alliances with leading international exchanges such as CME Group, London Metal Exchange (LME), Dalian Commodity Exchange (DCE), Taiwan Futures Exchange (TAIFEX), etc. The Exchange has also tied-up with various trade bodies, industry associations and educational institutions across the country. These alliances enable the Exchange in improving trade practices, increasing awareness, and facilitating overall improvement of the commodity market.

MCX’s ability to use and apply technology efficiently is a key factor in the development of its business. The exchange’s technology framework is designed to provide high availability for all critical components, which guarantees continuous availability of trading facilities. The robust technology infrastructure of the exchange, along with its with rapid customisation and deployment capabilities enables it to operate efficiently with fast order routing, immediate trade execution, trade reporting, real-time risk management, market surveillance and market data dissemination.

MCX has been continuously raising the bar through effective research and product development, intelligent use of information and technology, innovation, thought leadership and ethical business conduct. MCX has been certified with three ISO standards, ISO 9001:2015 Quality Management System, ISO 27001:2013 Information Security Management Standard and ISO 14001:2015 Environment Management Standard.

17 August, 2020

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