Index Product Developer

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

We are seeking an innovative, highly analytical, and detail-oriented Index Product Developer to join our growing London team. In this role, you will be the architectural force behind new, rules-based investment strategies and custom benchmarks that power Exchange Traded Products (ETPs) and structured products globally.

Reporting to the Head of Index Product, Europe, you will own the index product development lifecycle from end to end—from initial client ideation and methodology construction to rigorous quantitative backtesting and operational handover. Leveraging Vetta Fi's robust data environment and calculation engines, you will partner directly with asset managers, investment banks and institutional clients to translate complex market concepts into scalable, tradable index solutions.

This role will require the ability to manage timelines and work with cross-functional teams to ensure the successful delivery of new products to market.

• Conceptualize and develop bespoke index methodologies across multiple asset classes (with a focus on thematic, factor and custom equity indices), ensuring they meet precise client objectives and regulatory standards.
• Define rules for weighting algorithms, rebalancing schedules, and the treatment of complex corporate actions.

• Act as the technical subject matter expert during client consultations.
• Conduct market research and analysis to identify customer needs and market trends.

• Work with cross-functional teams to define product requirements, features, and functionality.

• Author clear, comprehensive, and precise index methodology rulebooks.
• Manage the product testing and validation process to ensure highest product quality.

• Collaborate tightly with internal teams to transition new indices from the testing phase into live, daily calculation.

• Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Financial Engineering, Computer Science, or a related quantitative field.
• 1 to 3 years of professional experience in the financial services industry, specifically focused on index product development, quantitative asset management, or structured products.

• Financial Mechanics:
  Deep understanding of index mechanics, portfolio construction, factor investing, and corporate events (dividends, splits, M&A).
• ETF Ecosystem:
  Strong familiarity with the global ETF landscape, tradable instruments, and the specific liquidity requirements needed to create replicable indices.
• Communication:
  Excellent written and verbal communication skills. You must be comfortable defending quantitative decisions to technical peers while smoothly explaining product mechanics to non-technical clients and sales teams.
• Programming Proficiency:
  Experience in Python and strong knowledge of SQL for database querying. You will need to write code to support back-testing, reconstitutions and…