Torchora
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Key Responsibilities and Required Skills for Index Supervisor

💰 $110,000 - $165,000

FinanceAsset ManagementData AnalysisOperations

🎯 Role Definition

As an Index Supervisor, you will be the cornerstone of our index management function. You will oversee the daily production, maintenance, and distribution of a suite of financial market indices that serve as critical benchmarks for investors globally. Your leadership will guide a team of analysts in executing complex rebalances, managing corporate actions, and ensuring strict adherence to index methodologies and regulatory standards. This role is perfect for a detail-oriented professional with a passion for data, financial markets, and process excellence, looking to make a significant impact on products used by investors worldwide.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Senior Index Analyst
  • Portfolio Operations Specialist
  • Senior Data Analyst (Financial Services)

Advancement To:

  • Index Manager / Head of Index Operations
  • Product Development Manager (Indices)
  • Director, Global Indexing

Lateral Moves:

  • Quantitative Analyst
  • Portfolio Manager
  • Data Governance Manager

Core Responsibilities

Primary Functions

  • Supervise and lead a team of index analysts, providing mentorship, training, and performance management to foster a high-performance culture.
  • Oversee the end-to-end daily production process for a portfolio of equity and/or fixed-income indices, ensuring timely and accurate calculation and dissemination.
  • Act as the primary point of escalation for resolving complex data exceptions, calculation issues, and operational incidents.
  • Manage and execute periodic index events, including monthly rebalances, quarterly reviews, and annual reconstitutions, in strict accordance with published methodologies.
  • Analyze and interpret complex corporate actions (mergers, acquisitions, spin-offs, rights issues) and their impact on index composition and weighting.
  • Ensure all index management activities are compliant with internal policies and external regulations, such as IOSCO Principles and EU Benchmark Regulation (BMR).
  • Drive initiatives for process improvement and automation within the index operations team to enhance efficiency, accuracy, and scalability.
  • Maintain and update index methodology documents, rulebooks, and internal operational procedures to ensure clarity and consistency.
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  • Collaborate with technology and data teams to specify requirements for, and participate in the testing of, new tools and system enhancements.
  • Serve as a Subject Matter Expert (SME) on index construction and maintenance, providing expert support to clients, portfolio managers, and sales teams.
  • Manage relationships with third-party data vendors, monitoring data quality and resolving any feed-related issues promptly.
  • Lead and coordinate projects related to the launch of new indices, enhancements to existing ones, or the retirement of obsolete benchmarks.
  • Develop and monitor key performance indicators (KPIs) and quality controls to measure and report on the accuracy and timeliness of index production.
  • Review and approve daily quality control checks, validation reports, and final index values before publication.
  • Conduct in-depth research and analysis on market structure changes, potential constituent securities, and the impact of proposed methodology adjustments.
  • Prepare and deliver clear, concise communications to internal and external stakeholders regarding index changes, corporate action treatments, and rebalance results.
  • Lead incident post-mortems to identify root causes of errors, implementing corrective and preventative actions to mitigate future risk.
  • Oversee the maintenance of historical index data and ensure its integrity for research and performance analysis.
  • Facilitate cross-functional collaboration with research, product development, and legal teams to ensure a cohesive approach to index governance.
  • Develop and maintain a comprehensive business continuity plan for the index operations function to ensure service resilience.

Secondary Functions

  • Support ad-hoc data requests and exploratory data analysis for internal research and client inquiries.
  • Contribute to the organization's broader data strategy and roadmap by providing insights from an operational perspective.
  • Collaborate with business units to translate data needs and new product ideas into actionable engineering and operational requirements.
  • Participate in sprint planning and agile ceremonies within the data engineering and product development teams.
  • Prepare and present performance attribution and risk characteristic reports for key index families.

Required Skills & Competencies

Hard Skills (Technical)

  • Deep knowledge of financial markets, including equity, fixed income, and derivative instruments.
  • Strong proficiency with market data terminals such as Bloomberg, Refinitiv Eikon, or FactSet.
  • Advanced SQL skills for complex data querying, manipulation, and integrity validation.
  • Experience using Python or R for data analysis, scripting, and process automation.
  • Expertise in Microsoft Excel, including advanced formulas, pivot tables, and VBA for data modeling and reporting.
  • Thorough understanding of index construction methodologies, portfolio theory, and financial benchmarks.
  • Familiarity with regulatory frameworks governing financial benchmarks, including IOSCO Principles and BMR.
  • Experience working with corporate actions data and understanding its impact on index calculations.

Soft Skills

  • Exceptional attention to detail and a commitment to accuracy and quality.
  • Proven leadership, team management, and mentoring capabilities.
  • Strong analytical and critical thinking skills with a talent for solving complex problems under pressure.
  • Excellent written and verbal communication skills, with the ability to articulate complex financial concepts to both technical and non-technical audiences.
  • Superior organizational and project management skills, with the ability to manage multiple priorities and meet tight deadlines.
  • A highly collaborative mindset with a proven ability to work effectively across global teams and departments.

Education & Experience

Educational Background

Minimum Education:

  • Bachelor's Degree

Preferred Education:

  • Master's Degree in a quantitative or financial discipline (e.g., Finance, Financial Engineering, MBA). CFA designation is highly desirable.

Relevant Fields of Study:

  • Finance
  • Economics
  • Mathematics / Statistics
  • Computer Science

Experience Requirements

Typical Experience Range: 5-8 years

Preferred: 5+ years of direct experience in index management, portfolio analysis, or a closely related quantitative operations role within financial services. A minimum of 2 years of experience in a team lead or supervisory capacity is strongly preferred.

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