Job Description – Vice President – Index Operations
About MSE
-- Metropolitan Stock Exchange of India (MSE) is a SEBI-recognized stock exchange dedicated to fostering a transparent, efficient, and technology driven marketplace. It provides a well-regulated platform for trading across multiple asset classes, including equities, derivatives, currency, debt instruments. With a strong emphasis on innovation and investor protection, MSE offers a seamless trading experience to its market participants and investors. ~~
Detailed Job description :
Index Operations & Management :
-- Lead and oversee the end-to-end operations, administration and maintenance of indices across relevant asset classes. ~~
-- Ensure timely and accurate index calculation, review, rebalancing and implementation of changes in accordance with approved index methodologies. ~~
-- Oversee corporate action adjustments, constituent changes and other events impacting index composition and calculation. ~~
-- Establish appropriate controls and review mechanisms to ensure accuracy, integrity and continuity of index operations. ~~
-- Ensure proper documentation and maintenance of index methodologies, operational processes and related records. ~~
Index Development & Research :
-- Lead Exchange operations across market segments. ~~
-- Coordinate with Exchanges, Clearing Corporations, Depositories and other MIIs for seamless operations. ~~
-- Oversee quantitative research, back-testing, benchmarking and performance analysis for proposed and existing indices. ~~
-- Evaluate index concepts, methodologies, eligibility criteria, constituent selection and weighting frameworks. ~~
-- Review existing indices periodically and recommend modifications based on market developments and product performance. ~~
-- Monitor domestic and global developments in indices, benchmarks and financial products. ~~
Product Strategy & Development :
-- Drive product strategy and identify opportunities for developing new index-based products across Equity, Derivatives, Debt, Currency and other relevant asset classes. ~~
-- Evaluate market trends, competitive offerings, investor requirements and product gaps to identify potential business opportunities. ~~
-- Lead feasibility assessment and development of new products/features from conceptualisation through implementation. ~~
-- Work closely with Business, Research and other stakeholders to enhance adoption and commercial potential of indices and related products. ~~
Regulatory & Governance :
-- Ensure compliance with applicable SEBI regulations, circulars and other regulatory requirements relating to indices, benchmarks and exchange products. ~~
-- Oversee preparation of regulatory submissions, approvals and documentation required for introduction/modification of indices and products. ~~
-- Establish appropriate governance, controls, SOPs and review mechanisms for Index Operations. ~~
-- Coordinate with Compliance, Legal, Risk and other relevant functions on regulatory and governance matters. ~~
Stakeholder & Cross-functional Management :
-- Work closely with Technology, Market Operations, Compliance, Risk, Legal, Business Development and other internal teams for development and smooth functioning of indices and products. ~~
-- Translate business and index requirements into functional requirements and oversee testing, UAT and implementation. ~~
-- Engage with market participants, institutional clients and other stakeholders to understand market requirements and obtain feedback on existing and proposed products. ~~
-- Provide subject-matter inputs to senior management on index strategy, market developments and new product opportunities. ~~
Leadership & Team Management :
-- Lead and develop the Index Operations team and ensure effective allocation and execution of responsibilities. ~~
-- Establish performance standards and ensure adherence to defined timelines, processes and controls. ~~
-- Build domain capabilities within the team in index research, operations, product development and market analysis. ~~
-- Drive process improvements, automation and operational efficiency within the function. ~~
Candidate Profile:
-- Strong experience in capital markets, stock exchanges, index providers, financial institutions, broking or research organisations. ~~
-- In-depth understanding of index construction, calculation, maintenance, rebalancing, corporate actions and index methodologies. ~~
-- Strong understanding of financial products, market structure and exchange operations. ~~
-- Experience in developing and launching index-based or capital-market products. ~~
-- Sound understanding of applicable SEBI regulatory requirements. ~~
-- Strong quantitative, analytical and problem-solving capabilities, Proven ability to manage senior-level stakeholders and cross-functional initiatives, Strong leadership, communication and team-management skills. ~~
Compensation:
-- Commensurate with experience and industry standards. ~~