Associate, Index Design Analyst, Indices 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. 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

Markit is seeking a recent graduate to join the Index Operations Team to support indices in fixed income, equities and other asset classes. The candidate will be involved in operations, valuation, client support and quality control.

The role spans all aspects of the index operation from the determination of the membership lists to pricing the indices.

 

Duties accountabilities

The individual will perform tasks associated with the administration of indices:

• Daily Index Operations: Verification of input data, Bond valuations, Corporate action research

• Customer Queries: Assisting clients using the indices on questions and data requests

• Data management: Sourcing, cleaning and organizing of corporate events and static data

• The individual will work closely with dealers, asset managers, and other clients to assist using the indices, index analyses and data requests.

• Quality control: Verification of the published indices

• Index documentation: Publication of index specifications and research reports

• His/her accountability is towards his manager and team members. The indices are frequently used in financial products so a high degree of detail orientation and accuracy is required. The individual will be expected to continuously identify and develop improvements to quality and stability of his/her work.

• The Index Operations Team works closely with the Index Management, New Indices, Research Design, IT and Sales Teams. The individual will be expected to work closely with other Index Teams in Markit globally.

The individual needs to be:

• Energetic

• Financially and mathematically literate

• A team player

• Willing to go the extra mile


Business competencies Education and experience

• University graduate or equivalent, preferably finance-related, in computing or natural sciences. No advance degree required.

• SQL and VBA programming, proven financial markets knowledge or knowledge of standard financial data vendor software are a plus.

Commercial awareness

• The individual needs to be detail oriented enough to build high quality, superior products and possess the ability to understand business objectives and focus and prioritise multiple projects accordingly.

Management requirements

• No management experience required, the individual is expected to be a strong team player, with proven track-record of working with people that are not functionally tied to him/her, inside and outside of work.


Personal competencies Personal impact

• The individual needs to posses:

• Strong analytical and mathematical skills

• Organised, energetic and able to work independently.

• High attention to detail and excellent data management

• Enthusiastic and proactive, focused on delivery and quality of the projects

Communication

• Good verbal and written communication skills with clients, team members and other teams are a must.

• Good written and spoken English.

Teamwork

• Must be able to work in a team environment. As the work is across teams and client facing, other people will need to want to work with him/her. Needs to be open minded, flexible and willing to adapt to changing priorities.

Company overview

Markit is a leading, global financial information services company with over 2,500 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 http://www.markit.com