Index Product Developer

TMX Group; Greater London; Hybrid; GBP 60,000 - 85,000; Full time

Benefits offered by this job

Hybrid work model

Generous time-off

Accommodations for applicants

Job summary

TMX Group seeks an Index Product Developer to own end-to-end index lifecycle, from client ideation to backtesting and live deployment. You will translate complex market concepts into scalable index solutions and work with asset managers, banks and institutions.

The role requires 1–3 years in index product development, strong Python/SQL capabilities, and a rigorous, detail-oriented approach within a hybrid London-based team.

Qualifications

• Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Financial Engineering, Computer Science, or related quantitative field.
• 1–3 years of professional experience in index product development, quantitative asset management, or structured products.
• Strong programming (Python) and SQL skills; ability to translate complex market concepts into scalable index solutions.

Responsibilities

• Conceptualize and develop bespoke index methodologies across asset classes with focus on thematic, factor and custom equity indices.
• Define rules for weighting algorithms, rebalancing schedules, and treatment of corporate actions.
• Serve as technical SME during client consultations and conduct market research to identify needs and trends.
• Collaborate with cross-functional teams to define product requirements and governance.
• Oversee methodology governance and testing to ensure high-quality outputs and compliant documentation.

Skills

Index design

Python

SQL

ETF knowledge

Communication

Analytical thinking

Backtesting

Quantitative analysis

Education

Bachelor’s or Master’s in Finance/Economics/Math/Financial Engineering/CS

Tools

Back-testing framework

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we’re powering some of the nation’s most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

We are seeking an innovative, highly analytical, and detail-oriented Index Product Developer to join our growing London team. In this role, you will be the architectural force behind new, rules-based investment strategies and custom benchmarks that power Exchange Traded Products (ETPs) and structured products globally.

Reporting to the Head of Index Product, Europe, you will own the index product development lifecycle from end to end—from initial client ideation and methodology construction to rigorous quantitative backtesting and operational handover. Leveraging VettaFi’s robust data environment and calculation engines, you will partner directly with asset managers, investment banks and institutional clients to translate complex market concepts into scalable, tradable index solutions. This role will require the ability to manage timelines and work with cross-functional teams to ensure the successful delivery of new products to market.

Key Responsibilities:

Index Design & Construction

• Conceptualize and develop bespoke index methodologies across multiple asset classes (with a focus on thematic, factor and custom equity indices), ensuring they meet precise client objectives and regulatory standards.




• Define rules for weighting algorithms, rebalancing schedules, and the treatment of complex corporate actions.

Client Engagement:

• Act as the technical subject matter expert during client consultations.


• Conduct market research and analysis to identify customer needs and market trends.

Collaboration:

• Work with cross-functional teams to define product requirements, features, and functionality.

Methodology Governance:

• Author clear, comprehensive, and precise index methodology rulebooks.


• Manage the product testing and validation process to ensure highest product quality.

Operational Integration:

• Collaborate tightly with internal teams to transition new indices from the testing phase into live, daily calculation.

Education & Experience:

• Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Financial Engineering, Computer Science, or a related quantitative field.


• 1 to 3 years of professional experience in the financial services industry, specifically focused on index product development, quantitative asset management, or structured products.

Technical & Market Skills:

• Financial Mechanics: Deep understanding of index mechanics, portfolio construction, factor investing, and corporate events (dividends, splits, M&A).


• ETF Ecosystem: Strong familiarity with the global ETF landscape, tradable instruments, and the specific liquidity requirements needed to create replicable indices.


• Communication: Excellent written and verbal communication skills. You must be comfortable defending quantitative decisions to technical peers while smoothly explaining product mechanics to non-technical clients and sales teams.


• Programming Proficiency: Experience in Python and strong knowledge of SQL for database querying. You will need to write code to support back-testing, reconstitutions and client facing analytic tools.


• Analytical Rigor: Exceptional attention to detail. You must possess a “zero-defect” mindset when validating data, calculating historical returns, and drafting legal methodology documents.

In the market for…

Excitement

Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection

With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact

More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness

From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth

From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ?

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it