Lead, Index Engineer (Quantitative Development)

S&P Global; New York (NY); On-site; USD 122,865 - 176,050; Full time

Job summary

S&P Dow Jones Indices (SPDJI) is seeking an Index Engineer to prototype, build and launch indices across asset classes. You will engage with clients and stakeholders globally, driving rigorous development and high-quality delivery.

Ideal candidates have 6–8+ years in indices, strong Python and Excel skills, and a master’s in a quantitative field. The role is based in New York, with a deep responsibility for methodology and compliance.

Qualifications

• Knowledge of fixed income and other asset classes is required.
• Understanding index construction, back-testing and optimization is essential.
• 6-8+ years of professional experience in indices or similar role is expected.
• Excellent analytical, problem solving and communication skills.

Responsibilities

• Develop calculation prototypes and test cases for new indices.
• Perform test calculations and reconcile results with clients.
• Analyze and implement indices onto a Python-based platform.
• Create and review index methodologies and ensure regulatory compliance.
• Support operations in launch, delivery and service quality.

Skills

Fixed income knowledge

Index construction

Analytical skills

Excel proficiency

Independent work

Strong communication

Education

Master's degree in quantitative field

Tools

Python

Job description

The Team

• This role provides an opportunity to understand and implement cutting edge index products.
• This role will offer the opportunity to connect with stakeholders from all aspects of SPDJI’s business and a direct connection to a wide variety of client and product types.
• This role allows to work with a highly collaborate and creative global team of financial engineers for continuous learning and person growing.

About The Role

Grade Level (for internal use):

12

The Team

The Index Engineering team is responsible for prototyping, building, and launching indices across various asset classes. The team is responsible for the full lifecycle of the index development process as well as interfacing with clients, and internal stakeholders to ensure successful product delivery.

• This role provides an opportunity to understand and implement cutting edge index products.
• This role will offer the opportunity to connect with stakeholders from all aspects of SPDJI’s business and a direct connection to a wide variety of client and product types.
• This role allows to work with a highly collaborate and creative global team of financial engineers for continuous learning and person growing.

Responsibilities And Impact

Index Engineering is a global team responsible for developing and launching indices at S&P Dow Jones Indices. This role encompasses full lifecycle of index development and suits an individual who is highly analytical, creative and possesses an attention to detail.

The key responsibilities include:

• Develop calculation prototypes and test cases for new indices.
• Perform test calculations and reconciliation of the results with clients.
• Analyze, develop, and implement indices onto our strategic python-based platform.
• Create and review index methodologies.
• Understand the industry & regulation; provide compliance guidance to clients.
• Support operation team in launching, ongoing delivery and overall quality of service.

Each index built and launched by the team contributes to SPDJI’s mission, market strategy and revenue goal directly. Innovative solutions designed and engineered by the team continuously expand capabilities to serve the investment communities with speed and quality.

Compensation/Benefits Information:

S&P Global states that the anticipated base salary range for this position is $122,865 to $176,050. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses and certifications.

In addition to base compensation, this role is eligible for an annual incentive plan.

This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees,

What We’re Looking For

Basic Required Qualifications:

• Knowledge of fixed income and other asset classes, including equities, FX and commodities
• Knowledge of index construction process and methodologies, including back-testing and optimization
• Experience with an asset management context a big plus
• Excellent analytical and problem solving skills
• Advanced skills in Excel, proficiency with Microsoft Office.
• Must be able to work independently on multiple projects with minimal direction or supervision.
• Possess a high level of attention to detail, focusing on the quality of projects.
• Must be able to demonstrate excellent analytical and quantitative capabilities to solve original, non-routine problems in a timely and insightful manner.
• Excellent written and verbal communication skills and the ability to coordinate with clients and colleagues globally.
• 6-8+ years of professional experience in indices or similar role.

Additional Preferred Qualifications

• A master degree in math, finance or other related quantitative discipline
• Strength in quantitative analysis including optimization.
• Advanced technical ability with Python.

Right To Work Requirements

This role is limited to persons with indefinite right to work in the United States.

We require all external candidates who reach the final stage of our interview process to attend at least one in-person interview, which is ordinarily at your nearest S&P Global office. This must be completed before we can proceed to an offer.

About S&P Global Dow Jones Indices

At S&P Dow Jones Indices, we provide iconic and innovative index solutions backed by unparalleled expertise across the asset-class spectrum. By bringing transparency to the global capital markets, we empower investors everywhere to make decisions with conviction. We’re the largest global resource for index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based upon our indices than any other index provider in the world. With over USD 7.4 trillion in passively managed assets linked to our indices and over USD 11.3 trillion benchmarked to our indices, our solutions are widely considered indispensable in tracking market performance, evaluating portfolios and developing investment strategies.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/spdji.

What’s In It For You?

Our Mission

Advancing Essential Intelligence.

Our People

We’re more than 35,000 strong worldwide—so we’re able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Our Values

Integrity, Discovery, Partnership

Throughout our history, the world’s leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our Benefits Include

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.
• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Global Hiring And Opportunity At S&P Global

At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.

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:[e-mail] your request will be forwarded to the appropriate person.

US Candidates Only

The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdfdescribes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision - https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf

20 - Professional (EEO-2 Job Categories-United States of America), ANLYTC202.2 - Middle Professional Tier II (EEO Job Group), SWP Priority – Ratings - (Strategic Workforce Planning)