Associate/Assistant Vice President, Analyst New Indices, Frankfurt 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 graduate to join the New Indices Team to manage projects on the set-up and integration of new fixed-income, equity and FX indices into production.
2 years of financial markets experience and/or exposure to databases and programming are desirable.
Duties accountabilities
The individual will perform tasks associated with the set-up of indices:
- Set-up the process of the index rebalancing
- IT-Specification: Specify the implementation for the internal IT-Development
- Work closely with dealers and asset managers during the setup process
- Quality control: Verification of the index calculation and implementation process around the release of new indices
- Handover Process: Management of the release of the index into production environment
- Index documentation: Publication of index specifications and research reports
The indices are regularly used in financial products, therefore a high degree of detail orientation and accuracy is required.
- The New Indices Team works closely with the Research Design, IT, Sales, Index Management and Index Operations Teams as well as other Index Teams in Markit globally.
Business competencies
Education and experience
- University graduate or equivalent, preferably in computing, finance-related or natural sciences. The applicant needs to have strong analytical and mathematical skills.
- SQL and VBA programming, proven financial markets knowledge or knowledge of standard financial data vendor software are a plus.
- Up to 2 years working experience required.
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.
Personal competencies
Work ethics
The individual needs to be:
- Organised, energetic and able to work independently.
- Detail oriented and excellent in 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. Needs to be open minded, flexible and willing to adapt to changing priorities.