Position: Staff/Senior
The opportunity:
Work as staff/senior on multiple workstreams for middle and back-office functions for an asset management client.
Responsibilities
- The key responsibilities include, but are not limited to:
- Collaborate with Account Management and Portfolio Management teams to implement client directives regarding benchmark changes
- Process monthly and ad hoc benchmark rebalances
- Provide oversight and conduct validations of index risk measures, prices, and security-level compositions
- Partner with technology to identify opportunities to improve operational efficiencies and automation in index data
- management processes
- Research and create detailed documentation for new and existing data sources, working with technology and vendors to standardize data
- Develop scripts to create custom security-based models for use as benchmarks
- Perform analysis and construct benchmarks, applying business rules to derive composites and sub-indices, and adding
- currency hedges, if necessary
- Develop algorithms to identify, record, and correct index data quality issues
- Understand key market drivers that impact index pricing, risks measures, and security level compositions
- Provide oversight of index vendor relationships
- Respond to inquiries from various teams and desks using index data
Qualifications
Minimum of a Bachelor's Degree required, preferably in Finance, Math, Statistics, Computer Science, Economics,- Engineering or another quantitative background. A Master’s Degree and/or CFA preferred
- Minimum 5 years of experience, which ideally includes index data management and oversight, building and maintaining benchmarks and indices; validation of index risk measures, prices, and security-level compositions; performing end-of-day pricing and stock split processes; processing monthly index rebalances, and addressing performance-related queries.
- Previous experience effectively interfacing with portfolio managers, account managers, and other internal colleagues related to index data is preferred.
- Prior vendor management oversight experience highly desirable
- Hands-on experience with performance attribution and risk modeling
- Knowledge of quantitative fixed income mathematics and a strong understanding of portfolio/risk management
fundamentals
- Intermediate-to-advanced SQL and/or programming language