Manager/Deputy Manager Index Operations

Start Date

Starts Immediately

CTC (ANNUAL)

Competitive salary Competitive salary

Experience

4 year(s)

4 year(s)

Apply By

Not Provided

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About the job

Role Overview

We are seeking a highly motivated and detail-oriented professional to join our Index Operations team as Manager / Deputy Manager. The role involves end-to-end ownership of index operations activities, including daily index maintenance, corporate action implementation, index reviews and rebalancing, operational risk management, quality assurance, and stakeholder coordination.

The ideal candidate will possess strong knowledge of equity and fixed income markets, index methodologies, corporate actions, and capital market operations. The role requires the ability to manage critical production processes, drive operational excellence, support technology initiatives, and contribute to the scaling and automation of index operations.

Key Responsibilities Index Maintenance & Calculation

Ensure accurate and timely execution of daily index maintenance activities across all assigned indices.

Monitor index calculation processes and validate Price Return, Total Return, and customized index

outputs.

Ensure timely dissemination of index levels, constituent reports, and client deliverables.

Investigate and resolve operational exceptions, data discrepancies, and production issues within

defined timelines.

Monitor operational controls and recommend enhancements to strengthen process governance.

Corporate Actions & Adjustments

Track and evaluate corporate action announcements, including bonus issues, stock splits, rights issues,

mergers, demergers, special dividends, and other market events.

Determine and implement appropriate index adjustments in accordance with index methodologies.

Validate corporate action processing and maintain accuracy across all impacted indices.

Coordinate with data vendors, product teams, and technology teams to ensure timely and accurate

implementation.

Participate in methodology interpretation and impact assessment of complex corporate actions.

Index Reconstitution & Rebalancing

Execute periodic index reviews,



reconstitutions, and rebalancing activities across equity and fixed

income indices.

Validate index compositions, constituent changes, share updates, and calculation outputs prior to

implementation.

Prepare and review client communication files, consultation outputs, and index review reports.

Support new index launches, custom index implementation, and methodology enhancements.

Data Management & Quality Control

Perform data validations, reconciliation checks, and operational quality reviews.

Establish and enhance controls to mitigate operational and data risks.

Identify root causes of operational incidents and drive corrective and preventive actions.

Maintain high standards of data integrity across index calculation and dissemination processes.

Support audits, regulatory requirements, and governance reviews as required.

Stakeholder & Client Support

Collaborate with Product, Technology, Market Data Vendors, and Client Service teams to ensure

smooth operational delivery.

Support client queries, data requests, and operational investigations.

Act as a key point of contact during index launches, rebalancing events, and production incidents.

Build effective relationships with internal and external stakeholders to facilitate operational efficiency.

Process Improvement & Automation

Identify opportunities for automation, workflow optimization, and operational scalability.

Participate in system enhancements, user acceptance testing (UAT), and production rollouts.

Drive continuous improvement initiatives across index operations processes.

Maintain process documentation, SOPs, operational runbooks, and control frameworks.

Mentor and support junior team members where applicable.

Experience

48 years of experience in:

oIndex Operations / Index Services

oCapital Markets Operations





oAsset Management Operations

oMutual Fund Operations

oMarket Data Operations

oETF / Passive Investment Operations

Domain Knowledge

Solid understanding of:

oEquity and Fixed Income Markets

oIndex construction methodologies and maintenance processes

oCorporate actions and index adjustment methodologies

oIndex rebalancing and reconstitution processes

oMarket data management and validation frameworks

oPassive investment products including ETFs and Index Funds

Technical Skills

Advanced Microsoft Excel skills (mandatory)

Experience handling large datasets and performing data validations

Exposure to VBA / Macros strongly preferred

Knowledge of SQL and/or Python will be an added advantage

Familiarity with data feeds, file processing, and automation workflows is desirable

Competencies

Strong analytical and problem-solving skills

High attention to detail and accuracy

Ability to manage multiple critical deliverables under tight deadlines

Strong communication and stakeholder management skills

Proactive approach towards process improvement and automation

Ability to work independently while collaborating effectively across teams

Qualifications

Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or a related discipline.

MBA, CFA, FRM, CA, or equivalent professional qualification will be an added advantage.

Earn certifications in these skills

Who can apply

Only those candidates can apply who:

1. have minimum 4 years of experience

Salary

Probation:

Duration:

Salary during probation:

After probation:

Annual CTC: Competitive salary

Number of openings

1

Editor’s note

Information above is Internshala's interpretation and paraphrasing of what we found on the shared link.

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📌 Manager/Deputy Manager Index Operations (Maharashtra)
🏢 BSE Index Services Private
📍 Maharashtra