Role

Vice President – Index Operations

Location

Mumbai

Qualification Profile

CA / CFA / MBA (Finance) / Economics or equivalent relevant qualification

Experience

18+ years of relevant experience in Capital Markets / Stock Exchanges / Index Management / Product Development / Research, with significant experience in index-related activities and financial market products

Job Responsibilities

- – 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 :

- 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 current 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. ~~

📌 Vice President – Index Operations (Mumbai)
🏢 Metropolitan Stock Exchange of India
📍 Mumbai