Description:

Job Description.

Assistant Vice President (AVP) / Senior Manager Product Manager (Index Products).

Department: Index Products / Research.

Location: Mumbai.

Role Purpose:

The Product Manager Index Products will be responsible for the design, development, governance, and lifecycle management of commodity indices and index-linked products.

The role involves benchmark creation, regulatory coordination, ecosystem partnerships, and supporting the launch of index-linked futures, options, and ETFs in a regulated market environment.

Designation & Experience:

Assistant Vice President (AVP): 1417 years of relevant experience.

Senior Manager (SM): 1014 years of relevant experience.

Qualifications:

- Postgraduate degree in Finance, Economics, Engineering, or Mathematics.

- Experience working with index providers, exchanges, or quantitative investment teams is desirable.

Key Responsibilities:

Index Design & Development:

- Lead the creation of proprietary and strategic commodity indices across sectors such as bullion, energy, ferrous metals, and agriculture.

- Define and document index methodologies, including commodity selection, weighting schemes, rebalancing frequency, liquidity filters, and roll mechanisms.

- Benchmark index frameworks against global best practices to ensure indices are investable, hedgeable, and credible.

Productization of Indices:

- Support the conversion of indices into tradeable instruments such as index futures, options, and ETFs.

- Coordinate with internal teams to align index-linked products with exchange systems, clearing requirements, and surveillance frameworks.

- Support ETF issuers and structured product partners through index licensing and customized index design.

Regulatory & Governance Compliance:

- Prepare and maintain index methodology documents, governance policies, and change management protocols.

- Coordinate regulatory submissions and approvals in line with benchmark regulations and governance standards.

- Ensure transparency, auditability, and compliance across all indices under the index governance framework.

Market Research & Backtesting:

- Conduct historical backtesting and performance analysis for proposed indices.

- Analyze market behavior, volatility, correlations, and hedging effectiveness.

- Maintain historical datasets, analytical notes, and index whitepapers.

Stakeholder Engagement & Market Education:

- Engage with institutional investors, asset managers, brokers, and portfolio managers to promote index-linked products.

- Partner with external institutions, index providers, or research organizations for co-branded indices and joint research initiatives.

- Drive educational programs and outreach initiatives to enhance awareness of commodity indices and passive investment strategies.

Data Management & Technical Coordination:

- Collaborate with technology and data teams for index calculation, publication, and dissemination.

- Ensure availability of real-time index feeds and historical data through terminals, APIs, and web platforms.

- Manage relationships with index calculation vendors and data distribution partners, where applicable.

Skills & Competencies:

Technical & Analytical Skills:

- Strong understanding of financial index construction methodologies.

- Hands-on experience with Excel, Python, R, or MATLAB.

- Proficiency with financial data platforms such as Bloomberg or Refinitiv.

Regulatory Knowledge:

- Familiarity with benchmark regulations and global index governance principles.

Behavioral & Leadership Skills:

- Strong research orientation and analytical thinking.

- Ability to work across cross-functional teams.

- Excellent communication, documentation, and presentation skills.

Certifications (Preferred, Not Mandatory):

- CFA or FRM.

- NISM or other relevant regulatory certifications.

Candidate Profile:

An industry professional with extensive experience in research-driven index design, development, and lifecycle management of commodity indices and index-linked offerings within a regulated financial market environment.