Analyst, Fixed Income Index Research & Design

IHS Markit
London, United Kingdom
15 Nov 2022
26 Nov 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Team

The Research & Design team for iBoxx indices sits within the Global R&D Group. As the world's largest resource for iconic and innovative indices, S&P Dow Jones Indices helps investors identify, measure and capitalize on global investment opportunities.

The Global R&D group is responsible for the conceptualization, design, and construction of S&P Dow Jones equity, sustainability & ESG, fixed income, commodities, volatility, multi-asset, and alternative asset strategy indices which serve as the underlying for index-linked investment products such as exchange traded products (ETFs, ETNs) and equity derivatives.

The team is comprised of experts in portfolio construction techniques and financial theories used to deliver innovative index solutions and analysis to clients.

iBoxx products span fixed income markets and include globally recognized benchmarks such as our branded index families including iBoxx and iTraxx , and our Markit PMITM economic indices. In Asia our indices include the award-winning Markit iBoxx ABF Pan-Asia, Markit iBoxx Singapore Dollar and Markit iTraxx index and the HSBC PMI indices. iBoxx is leader for bond indices used in exchange traded funds.

The Impact

You will collaborate with index clients to design and develop innovative new index solutions to meet investment objectives, including custom, benchmark, tradeable and strategy fixed income indices within S&P Dow Jones (S&P DJI). You will also contribute to the expansion of our fixed income product offering by helping build out internal systems, increasing the types of indices we can support and reduce time-to-market for new product launches.

What is in it for you?

You will be part of a global team that creates intellectual capital for S&P Dow Jones Indices as well as have ownership and responsibility for the index design process. The role encompasses the full lifecycle of index product development, from market research, idea generation, prototyping, client validation, product development, and coordination with other internal teams to ensure successful index launch.

  • Support the development of new benchmark and tradable bond indices in conjunction with key index stakeholders
  • Undertake analysis of markets and data collection and conduct scenario analysis for the research and development of new index methodologies
  • Extensive modelling of index methodologies to produce index constituent list and weights, and to back-test results
  • Attend client meetings and conference calls alongside commercial teams to present the current thoughts and ideas of our Indices and to understand and manage client requirements
  • Write index specification guides
  • Index setup and calculation: develop calculation prototypes and test cases for new indices; perform test calculations and reconciliation of the results with clients
  • Quality control: daily checks and testing of index calculation and output files around the release of new indices

What we're looking for

Essential Skills
  • Ability to think through a problem and break it into steps
  • Understanding of fixed income securities
  • Good understanding of the indexing space
  • Python, SQL, Excel
  • Ability to summarise complex algorithms without getting lost in the detail
Education and experience required
  • Bachelor's degree or equivalent qualification
  • Intellectually curious, open minded and able to solve complex problems logically
  • A high level of attention to detail, focusing on the quality of projects
  • A rticulate and possess excellent verbal and written communication skills
  • First class communication skills - written, verbal and presenting
  • Happy to collaborate with and support colleagues within the global Index Research and Design team and contribute regularly to group discussions
  • A high degree of awareness of the financial / resource implications of index design decisions
  • A keen interest in the developments and trends within financial markets in areas such as fixed income, asset management and ETFs
  • Highly motivated and eager to take the initiative and assume full responsibility for the delivery of projects
  • Creative and able to adapt to changing priorities and deadlines in a fast-paced environment
  • Understanding of other asset classes including equities, FX and derivatives is advantage ous

Equal Opportunity Employer:

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please send an email to: and your request will be forwarded to the appropriate person.

US Candidates Only:
The EEO is the Law Poster describes discrimination protections under federal law.
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