The posting
Vice President - Indices
Job Summary
The Vice President – Indices will lead the development, management, and strategic growth of the exchange’s index offerings. This role involves designing new indices, enhancing existing methodologies, conducting market research, and ensuring regulatory compliance. The position requires a seasoned professional with extensive experience in capital markets, index creation, and quantitative research, contributing to goal of expanding its index product suite and strengthening its market position.
Responsibilities
- Index Development & Creation
- Lead the conceptualization, design, and development of new indices across relevant asset classes.
- Develop comprehensive index methodologies, including eligibility criteria, constituent selection, weighting frameworks, rebalancing processes, and review schedules.
- Create benchmark, sectoral, thematic, strategy, and factor-based indices aligned with market and investor needs.
- Review and refine existing index methodologies based on market trends and research insights.
- Conduct quantitative research and historical back-testing to evaluate index performance, risk, liquidity, and robustness.
- Analyze historical market data, factor characteristics, and portfolio behavior to validate methodologies.
- Benchmark proposed indices against domestic and global indices.
- Prepare research papers, methodology documents, and analytical presentations for index launches.
- Market Research & Index Strategy
- Monitor domestic and international developments in indices, benchmarks, ETFs, and passive investment products.
- Conduct competitive analysis to identify opportunities for differentiated indices.
- Develop an index pipeline aligned withstrategic objectives and evolving investor requirements.
- Provide strategic insights and recommendations to senior management regarding index development opportunities.
- Product & Stakeholder Coordination
- Collaborate with Product and Business Development teams to assess the commercial potential of new indices and index-linked products.
- Engage with institutional investors, asset managers, and market participants to gather requirements and feedback.
- Coordinate with Technology, Market Operations, Compliance, Risk, and Legal teams for the development and launch of new indices.
- Translate index methodologies into technical requirements for implementation teams.
- Regulatory & Governance
- Ensure all index methodologies and development processes comply with SEBI regulations, IOSCO guidelines, and other applicable standards.
- Prepare and review methodology documents, regulatory submissions, and supporting documentation for new indices.
- Establish governance frameworks for index development, review, and approval processes.
- Leadership
- Lead, mentor, and build capabilities within the Index Development & Research team.
- Foster expertise in quantitative research, index construction, and market analysis.
- Present new index concepts, research findings, and strategic recommendations to senior management and relevant committees.
Qualifications
- Educational Qualifications: CFA, MBA (Finance), Postgraduate in Economics, Finance, Statistics, Mathematics, Financial Engineering, or equivalent.
- Technical Skills:
- Deep knowledge of index construction, constituent selection, and weighting frameworks.
- Strong understanding of equity, debt, derivatives, ETFs, and passive investment products.
- Proficiency in quantitative research, back-testing, and risk analysis.
- Experience with Python, R, SQL, Bloomberg, Refinitiv, or similar analytical platforms.
- Familiarity with SEBI regulations related to indices and benchmarks.
- Soft Skills:
- Strong analytical, research, and stakeholder management skills.
- Excellent leadership, team management, and communication abilities.
- Strategic thinking and problem-solving capabilities.
Preferred Skills
- Experience in taking new indices from concept to launch.
- Knowledge of global index methodologies and market trends.
- Ability to translate complex research into actionable insights.
- Experience working with regulatory bodies and preparing compliance documentation.
Experience
- Total Experience: 15+ years in Capital Markets, Index Development, Quantitative Research, or Financial Market Research.
- Relevant Experience: Significant exposure to index creation, methodology development, and market analysis, with a proven track record of launching successful indices.
Environment
- Work Setting: Full-time role based in Mumbai, India.
- Work Environment: Office-based with potential for stakeholder engagement across various teams and external market participants.
- Conditions: Fast-paced, dynamic environment requiring strategic thinking, technical expertise, and regulatory awareness.
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