Assistant Vice President, Analyst, Index Operations recruitment
Company OverviewMarkit is a leading, global financial information services company with over 2,300 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information, please see www.markit.com 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. multi-contributor 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
The individual will work within the index team to manage the content and delivery of a range of proprietary and bespoke indices in equities and fixed income. Quality assurance of the indices is a critical element of the responsibilities for this position.
As part of the daily processes there is key focus on corporate action research and application into the indices. Strict governance rules are applicable to the daily application. 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 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.
Duties accountabilities
There are four 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.
- Willing to go the extra mile.
Business competencies
Education and experience
- 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.
Management Experience
- Previous experience of supervising, managing or mentoring people is desirable.
Commercial Awareness
- High degree of commercial awareness. Needs to be motivated by commercial impact.
- Previous experience with dealing with external and internal clients 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.