Manager, Index Operations Full Time

Manager, Index Operations

Chicago | Hybrid (4 days/week)

The Opportunity

Our client, a leading global financial markets infrastructure provider, is seeking a Manager, Index Operations to lead its U.S. index operations function.

This role combines people leadership, quantitative analysis, index calculation, and operational oversight, supporting a growing suite of benchmark and derivatives indices. You’ll work closely with product, technology, quantitative research, and clients to ensure the accuracy, scalability, and integrity of index operations.

Key Responsibilities

• Lead and develop a team responsible for daily index operations and production.




• Oversee the calculation, validation, and quality assurance of benchmark and derivatives indices.




• Drive automation and operational improvements using Python and other analytical tools.




• Support new index launches from implementation through ongoing production.




• Partner with product, technology, and quantitative teams to enhance methodologies and operational processes.




• Participate in governance and committee discussions surrounding index methodologies and enhancements.




• Serve as a key point of contact for clients regarding operational support and index calculations.




• Lead post-incident reviews and implement process improvements to strengthen operational controls.

Ideal Background

We’re looking for professionals with experience in one or more of the following:

• Exchange operators




• Index providers




• Market infrastructure firms




• Asset managers




• Financial data and analytics providers




• Trading or quantitative research organizations

• Experience leading index operations, benchmark administration, or quantitative market operations.




• Strong understanding of options, equities, financial markets, or index products.




• Hands-on experience with Python (preferred), SQL, or other analytical programming languages.




• Knowledge of index methodologies, calculations, and operational controls.




• Experience managing operational processes in a regulated or highly controlled environment.




• Strong leadership, analytical, and stakeholder management skills.

Preferred Experience

• Financial indexing and benchmark administration




• Derivatives and options markets




• Quantitative analysis




• Python automation




• Data validation and quality assurance




• Process improvement and operational controls




• Team leadership

Why This Role

• Lead a high-impact function supporting widely used financial indices.




• Blend leadership, quantitative analysis, and operational strategy.




• Influence new product launches and methodology enhancements.




• Work closely with product, technology, and quantitative teams.




• Join a collaborative, technology-driven organization with significant opportunities for growth and visibility.

Full-Time

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