Assistant Vice President – Analyst, Index Production recruitment
Department overview
Markit Indices is a leading independent provider of financial indices across all major asset classes. We manage and calculate Markit CDX and Markit iTraxx, the world’s leading credit derivatives indices, and the Markit iBoxx bond indices. Our indices are used by banks, asset managers and other financial institutions to create and manage financial products and investment risk, as well as in research. Our bespoke index service provides clients such as investment banks and asset managers with tailor-made indices according to their specifications. The service covers design, test and daily calculation and publication.
Key success factor for our Markit iBoxx indices are transparency due to a rules based approach and independence, e.g. multicontributor pricing. Institutions like Barclays Capital, BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, Royal Bank of Scotland and UBS provide real-time input to Markit.
Position summary
As part of the daily processes there is key focus are on corporate action research and implementation and the development of in house software.
Strict governance rules are applicable to the daily application of corporate actions. A forward view of corporate actions is essential to understand the forthcoming impact on the indices.
Management of the production and delivery of the index products to clients on a daily basis is an essential part of this position. Managing this process within the client’s service level targets is critical. There is a need to clearly communicate with internal stakeholders in Frankfurt, London, Singapore, New Delhi and New York.
The position requires experience in the production of equity and fixed income indices, management of client relationships as well as technical knowledge about the implementation of corporate actions and external feeds for pricing.
Development of the above aspects into in house software with the view of improving client service and control reporting. Managing this process amongst internal and external stakeholders to minimize impact on index production is critical to the business.
Duties accountabilities
There are five main areas of responsibilities:
- Data and content management; including corporate action analysis, periodic index rebalancing and validation of all data content required for index calculations
- Product delivery management; including validation of index calculations, managing strict delivery schedules, quality assuring product completeness and achieving all service level times
- Client service; including clear communications to internal and external clients and delivery of new index solutions within agreed service levels
• Quality Assurance; reviewing and challenging the existing processes, and introducing new measures to ensure quality throughout the end to end process of delivering indices to the clients.
• Development; planning, management, implementation and control of in house software amongst stakeholders including setting best practices, standardization of reporting, procedure documentation and staff training.
• Willing to go the extra mile.
Business competencies
Education and experience
- A bachelor's degree or equivalent work experience in the financial sector.
- Superb analytical, quantitative and problem-solving abilities.
- Deep understanding of corporate actions.
- Experience within an operational environment, preferably managing equity data.
- Excellent skills in Excel and VBA required.
- Strong background in developing and implementing best practices and procedures.
- Project delivery and reporting experience, preferably within the financial sector.
Management Experience
- Previous experience of supervising, managing or mentoring people is required.
Commercial Awareness
- High degree of commercial awareness. Needs to be motivated by commercial impact.
- Previous experience dealing with external and internal stakeholders is required.
Personal competencies
Personal impact
- Focused on delivery.
- Attention to detail, but able to recognized possible changes to the process to increase efficiencies.
- Display energy, drive and stamina, be open minded, flexible and willing to adapt to challenging situations.
- Ability to use their own initiative to solve problems.
Communication
- Must be an excellent communicator both written and verbally
- Excellent interpersonal skills
Teamwork
- Must be a team player; the team is small, that provides global support coverage. The ability to handover support and share assistance on subjects across time zones is a key aspect of our successful delivery.
The closing date for this role is the 5th March 2012