Let’s be #BrilliantTogether
ISS STOXX is seeking an experienced Index Custom Calculation Services Analyst within the Index Operations Group in Mumbai, India
Overview:
The Custom Calculation Services team, part of the Index Operations Group in ISS STOXX, is seeking a experienced index operations associate. The candidate will be responsible for the configuration, calculation and dissemination of custom indices. The candidate is expected to play a role in liaising with ISS STOXX Clients, to optimize day to day Custom Calculation Services activities, and facilitate the launch of new products. The successful candidate will also work in close collaboration with various ISS STOXX stakeholders to ensure best practice and compliance to Operations Group policies, definition of new processes based on clients requirements, and being actively involved in process automation with the technology teams.
This is an excellent opportunity for the right candidate with a strong background in index operations and a deep understanding of financial markets, to join a high-performance team, actively support this activity by applying knowledge and skills to a large number of routine and non-routine activities, and also becoming involved in a new, interesting and challenging projects.
Responsibilities:
- Support the team manager in delivering top quality service, service level agreements, and satisfying regulatory requirements.
- Support process improvements to ensure consistent data quality and efficiency, such as automation of data quality diagnostics by developing a new system/tool that will enable quality assessment of data without manual intervention.
- Handle the day-to-day nuances of index operations, including data management, system updates, and client interactions for customized equity and strategy indices with high degree of accuracy.
- Ensure the correctness of daily index calculation for customized equity and strategy indices.
- Monitor configuration of indices to ensure that corporate actions adjustments for equities and periodic reviews of the custom indices are processed correctly.
- Supervise input data feeds according to index methodology specification, identify changes and coordinate adjustments.
- Monitor and evaluate index constituents, ensuring accuracy and relevance.
- Possess good knowledge in implementing and back-testing complex strategies in Python and SQL
- Utilize Python, Excel, VBA, and SQL to develop and maintain index-related tools and processes in a standardized manner. Ensure modular level coding practices, including the use of classes in Python.
- Identify and assess potential risks associated with index composition and market changes. Responsible for implementation of periodic rolls and rebalancing with high degree of accuracy.
- Contribute to the creation of presentations for internal and external stakeholders.
- Collaborate and provide ideas on the implementation of controls and design frameworks
- Respond to ad-hoc client requests, manage sub-projects and timelines
- Provide subject matter expertise on index set-up and maintenance, markets impacts and anticipate market expectations.
- Identify opportunities for process improvements and implement best practices to enhance operational efficiency. Enhance or suggest new tools, specify requirements for technical development and test new applications/tools from end-to-end.
Qualifications:
- Hold a Master’s degree in finance, Economics, Mathematics or a related field. CFA of FRM designation is a plus.
- Proficiency in Excel, Python, and SQL. Experience with modular level coding, including classes in Python.
- 0-2years experience in index operations or a relevant role with in-depth knowledge of indices, asset classes (equity, FICC, derivatives), derivative valuation, investment products and portfolio management.
- Knowledge of MS Office applications is a must.
- Knowledge of market data vendors (i.e. Refinitiv, Bloomberg, SIX, ICE, ...) is a must.
- The job requires the candidate to work with different teams across various time zones, therefore flexibility is essential.
- Excellent attention to detail and accuracy in data interpretation
- Effective drafting skills for index methodologies and client communications.
- Knowledge of MS Office applications, VBA, Python, SQL skills is a must.
- Knowledge of market data vendors (i.e. Refinitiv, Bloomberg, SIX, ICE, ...) is a must.
- Fluent in English both oral and written.
- Knowledge/ Fluent in a second language Asian (Chinese, Japanese, Korean) or European (French, Spanish, German) would be an advantage.
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What you can expect from us
Our people are the moving force behind ISS STOXX. We are dedicated to hiring the best, most talented people in our industry and empowering them with the resources and support to enhance their career, health, financial and personal well-being.
We are committed to fostering, cultivating, and preserving a culture of diversity and inclusion. We are invested in our people and are working every day to ensure a diverse, equitable, and inclusive workplace.
Let’s empower, collaborate, and inspire one another.
Let’s be #BrilliantTogether.
About ISS STOXX
ISS STOXX GmbH is a leading provider of research and technology solutions for the financial market. Established in 1985, we offer top-notch benchmark and custom indices globally, helping clients identify investment opportunities and manage portfolio risks. Our services cover corporate governance, sustainability, cyber risk, and fund intelligence. Majority-owned by Deutsche Börse Group, ISS STOXX has over 3,400 professionals in 33 locations worldwide, serving around 6,400 clients, including institutional investors and companies focused on ESG, cyber, and governance risk. Clients trust our expertise to make informed decisions for their stakeholders' benefit.
STOXX® and DAX® indices comprise a global and comprehensive family of more than 17,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation.
Visit our website: https://www.issgovernance.com
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Institutional Shareholder Services (“ISS”) is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. It is our policy to prohibit discrimination or harassment against any applicant or employee on the basis of race, color, ethnicity, creed, religion, sex, age, height, weight, citizenship status, national origin, social origin, sexual orientation, gender identity or gender expression, pregnancy status, marital status, familial status, mental or physical disability, veteran status, military service or status, genetic information, or any other characteristic protected by law (referred to as “protected status”). All activities including, but not limited to, recruiting and hiring, recruitment advertising, promotions, performance appraisals, training, job assignments, compensation, demotions, transfers, terminations (including layoffs), benefits, and other terms, conditions, and privileges of employment, are and will be administered on a non-discriminatory basis, consistent with all applicable federal, state, and local requirements.
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Founded in 1985, Institutional Shareholder Services group of companies (ISS) empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. ISS, which is majority owned by Deutsche Bourse Group, along with Genstar Capital and ISS management, is a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, globally. ISS’ 2,200 employees operate worldwide across 29 global locations in 15 countries. It’s approximately 3,100 clients include many of the world’s leading institutional investors who rely on ISS’ objective and impartial offerings, as well as public companies focused on ESG and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS’ expertise to help them make informed investment decisions.
