eFinancialCareers

• Company

  Markit Group

• Location

  Germany-Hessen

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  30 Oct 2009

• eFC Ref no

  551896

Company Overview

Markit is a financial information services company with more than 1,100 employees in Europe, North America and Asia-Pacific. Over 1,500 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements.

Markit was founded in 2001 as the first independent source of credit derivative pricing. Today, our data, valuations and trade processing services cover credit, structured finance, equities, commodities, and bonds and are regarded as the market standard in the global financial markets.

Our clients include investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies. We provide them with round-the-clock support from our offices in London, New York, Dallas, White Plains, Toronto, Amsterdam, Frankfurt, Luxembourg, Tokyo, Singapore and Sydney.

Markit was the fastest growing private company in the UK in 2008 (Source: 2008 Real Business/LDC Hot 100.)

Department

Markit Indices - Frankfurt

 Department Overview

Markit Indices is a leading independent provider of financial indices across all major asset classes. We manage and calculate Markit CDX and Markit iTraxx, the world’s leading credit derivatives indices, and the Markit iBoxx bond indices. Our indices are used by banks, asset managers and other financial institutions to create and manage financial products and investment risk, as well as in research. 

Our bespoke index service provides clients such as investment banks and asset managers with tailor-made indices according to their specifications. The service covers design, test and daily calculation and publication.

     Position summary

Markit is seeking a recent graduate to join the Index Administration Team to administer and manage indices in fixed income. The candidate will be responsible for the management of several fixed income indices.

The role spans all aspects of the index administration from the determination of the membership lists to assisting clients using the indices. Financial markets experience and/or exposure to DB and programming are a plus.

Duties & accountabilities

The individual will perform tasks associated with the administration of indices:

-Index rebalancing: Monthly and weekly universe screenings, membership list determination

-Quality control: Verification of the published membership lists

-Customer Queries: Assisting clients using the indices on questions and data requests

-Data management: Sourcing, cleaning and organizing of corporate events and static data

-Index documentation: Publication of index research reports

His accountability is towards his manager and team members. The indices are frequently used in financial products so a high degree of detail orientation and accuracy is required. The individual will be expected to continuously identify and develop improvements to quality and stability of his work.

The Index Administration Team works closely with Index Design, IT and Sales. The individual will be expected to work closely with other index teams in Markit.

The individual needs to be

-Energetic

-Financially and mathematically literate

-A team player

Business Competencies

Education and experience

University graduate or equivalent, preferably in computing, finance-related or natural sciences. No advance degree required.

SQL programming, proven financial markets knowledge or knowledge of standard financial data vendor software are a plus.

Commercial Awareness

The individual needs to be detail oriented enough to build high quality, superior products and possess the ability to understand business objectives and focus and prioritise multiple projects accordingly.

Management Requirements

No management experience required, the individual is expected to be a strong team player, with proven track-record of working with people that are not functionally tied to him/her, inside and outside of work.

Personal competencies

Personal impact

The individual needs to posses:

-Strong analytical and mathematical skills

-Organised, energetic and able to work independently.

-High attention to detail and excellent data management

-Enthusiastic and proactive, focused on delivery and quality of the projects

Communication

Good verbal and written communication skills with clients, team members and other teams is a must.

Good written and spoken English.

Teamwork

Must be able to work in a team environment. As the work is across teams and client facing, other people will need to want to work with him/her. Needs to be open minded, flexible and willing to adapt to changing priorities.

Interested applicants should send their CV and a covering letter to careers.europe@markit.com citing "Fixed Income Index Administration Analyst“; in the subject line.

Due to the high volume of applications we receive for each of our roles we are unable to respond on an individual basis.  If you have not received a response within 2 weeks of having submitted your details, it is likely that your application has been unsuccessful.