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Index Analyst

Company: Geode Capital Management LLC
Location: Boston, MA
Posted on: June 16, 2022

Job Description:

Job Title: Index Analyst (Boston, MA)

Duties: Conducts analytical and quantitative analyses using SQL, Bloomberg, and index vendor databases. Acts as a member of the index equity portfolio management team -- manages all aspects of benchmarks used in passive equity strategies. Supports benchmarks that cover domestic and internationally developed and emerging markets -- market capitalization and factor-based index weighting schemes. Ensures accurate and actionable index data is available in the portfolio management system to ensure funds minimize tracking errors and indices can be tracked. Analyzes timing impacts of domestic and international corporate actions on relevant indices.

Primary Responsibilities:

Conducts daily validation of all index loads and index changes into the portfolio management system.

Track and validates periodic -- monthly, quarterly, semi-annual, and annual -- index rebalance dates to ensure proforma index data is accurately loaded into the portfolio management system.

Performs daily analysis of index change events that drive the trading of index funds -- exchange-traded funds (ETFs), separately managed accounts, and sub-advised mutual funds for domestic and international investors.

Acts as a subject matter expert on index methodologies of index providers.

Provide feedback of global best practices for self-indexing benchmarks.

Maintains strong working relationships with global index providers and gives feedback during index methodology consultations.

Ensures that vendor index changes are consistent with the stated methodology and establishes deliverables adhere to stated timelines.

Evaluates and responds to voluntary corporate actions on behalf of funds and recommends trade strategies based on elections and their investment impact to ensure that funds track their benchmark.

Evaluate and make recommendations on proxy votes.

Partners with internal technology teams to streamline the processing of vendor data and development of internal investment analytical tools.

Supports ad-hoc index analyses for internal and external client presentations.

Generates the fund reports for the Chief Investment Officers weekly meeting.

Requirements: Bachelors degree (or foreign education equivalent) in Finance, Economics, Accounting, Statistics, Business Administration, Mathematics, or a closely related field and five (5) years of experience in the job offered or five (5) years of experience creating and administering indices used by fund managers for passive and active strategies; Or, alternatively, Masters degree (or foreign education equivalent) in Finance, Economics, Accounting, Statistics, Business Administration, Mathematics, or a closely related field and three (3) years of experience in the job offered or three (3) years of experience creating and administering indices used by fund managers for passive and active strategies. Candidate must also possess: Demonstrated Expertise (DE) evaluating the economics of voluntary corporate actions for mergers and acquisitions, tender offers, and equity rights, using Bloomberg and Excel spreadsheets; responding to voluntary corporate action elections on behalf of index portfolios that maximize shareholder value and minimize tracking error; and analyzing the timing of index implementation of corporate actions based on stated index methodology -- S&P, Dow Jones, Nasdaq, MSCI, FTSE, S&P/Fidelity customized indices, and Russell; DE verifying the accuracy of daily index constituent data for 150+ unique indices and projecting future index changes in portfolio management systems; and analyzing data issues in IHS Markit Enterprise Data Management (EDM) SOLA index data used in portfolio management systems to determine data accuracy or variance with vendor index data using exceptions based diagnostic checks; DE using SQL queries, Excel via Bloomberg Add-in, and index vendor databases to perform: analytical analysis and reporting -- extracting historical data; aggregating historical index attributes -- index turnover; verifying historical index holdings; analyzing historical portfolio index changes and corporate action results to determine optimal forwarding looking decisions; and creating weekly reports for investment review and decision making that captures performance, ex-ante tracking error, cash flow, and fund future levels; DE analyzing and documenting cross-functional business workflows using Miro; creating business requirements and process improvements in EDM to ensure delivery of accurate and timely index constituent data to portfolio management systems; automating manual processes to reduce operational business risks; testing technology enhancements in EDM to improve efficient maintenance of an index rebalance calendar and to ensure seamless integration with new upgraded databases.

To apply for this position, please send an email containing cover letter and resume to Please reference INDEX ANALYST in subject line.

Keywords: Geode Capital Management LLC, Boston , Index Analyst, Finance , Boston, MA, Massachusetts

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