Monday, January 17, 2011

Company Profile:Futures First

Futures First is accelerating its six-year success of innovation and expansion across major international financial markets. This achievement is driven by our cutting-edge recruiting, training, and development programs, as well as by our excellence in innovation and investment theory-based software. Futures First has a strong reputation as a leader in the financial services industry and as a premier destination for gifted graduates aspiring to leverage their analytical abilities through direct participation in world markets. Today Futures First employs five hundred of the brightest and most competitive strategists across six branch offices in India (Bangalore, Calcutta, Gandhinagar, Gurgaon, Hyderabad, and Jaipur), and continues to recruit the best talent from the most competitive universities and institutes in India.

Futures First operates as part of the GHF Group, the holding company with headquarters in Mauritius, which also operates research and trading advisory branches in Israel, Hungary, Rumania, China, and Mauritius, as well as a clearing business in London. Futures First benefits from the deep international experience of GHF Group in trading and clearing financial derivatives products on the European and North American exchanges and its core competencies in clearing, trading, research, financial management, IT, and risk management. Futures First and the GHF Group are fast-growing proprietary finance conglomerates that continue to raise the international benchmarks for excellence across the finance industry.

The explosive success of Futures First is propelled by the intellectual power and financial acuity of its 500 ‘home grown’ high achievers. We work closely with the placement officers at top tier universities to identify and place the most competitive and quick thinking graduates who have been recognized for their exemplary work in departments such as finance, economics, engineering, mathematics, physics, or computer science.
At Futures First we are committed to providing our employees with the best in technology, training, and continuing education. Candidates who are given offers receive world class training that includes an intensive introduction to financial markets and products, risk management, international workshops with the GHF Group, and one-on-one mentoring to develop the requisite psychological and endurance skills. At Futures First we recognize that competitive careers can lead to stress and fatigue, so we aim to create a working environment that balances the intense pressure with plenty of time to unwind, travel and have fun. Our expectations are high, but the rewards are immense.

Futures First offers a unique opportunity in India to work in the world’s most exotic, liquid, and well-developed derivatives markets. This is an exciting challenge and an excellent opportunity for bright, analytical, highly motivated graduates to join a vibrant and demanding business and participate directly in today’s dynamic world markets.

Futures First is recruiting high-achieving Graduates and Post Graduates from any discipline, including but not limited to: physics, finance, economics, computer science, mathematics, and engineering. We encourage Undergraduates, CAs, and MBAs with stellar academic records and who enjoy highly competitive and dynamic environments to apply.
Key Skills for Futures First: Passion for numbers and calculations Knack for identifying patterns in complex, dynamic market data Razor sharp intelligence and a keen sense of curiosity Acute ability to find high-value opportunities and capture them
Integrity and loyalty Initiative and ambition High energy and perseverance Confidence under pressure Emotional toughness and resilience
You will meet current Futures First employees as part of the recruitment process. They will explain our performance culture and our career path to you while, at the same time, getting to know you to gauge your interests and skill levels. INCENTIVE COMPENSATION Compensation at Futures First is based on proven international principles and benchmarks.

 Compensation is pegged to local and international market benchmarks
 Compensation incentives are aimed to align business and trader risk/reward interests
 Incentive compensation underwrites longer-term qualitative results such as management excellence, training, teamwork, innovation, and collaboration.

Total Compensation is structured in terms of:
 Base Salary (new graduates are hired at INR 45,000 pm, and salary is reviewed and marked to market annually)
 Performance Bonus based on trading profits
Although salaries are transparent and can be compared, performance bonus is difficult to compare because it is totally based on the specific context of product, market, timing, and actual profitability results. The CTC (Gross Salary plus Average Bonus) for the 1st year works to Rs. 8.3 lakhs per annum. To help understand and compare our Total Compensation approach, the graph below depicts the actual average salary and bonus earnings for all current Futures First employees for the respective year of their career at Futures First. You can see that salary levels trend upward consistently, and that bonus payouts explode to multiples of salary. Depending on actual performance results, a bonus can be zero for a year or it can be breath-taking

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