Index Product Development Specialist

Why Nasdaq?

When you work at Nasdaq, you’re working for more open and transparent markets so that more people can access opportunities. Connections can be made, jobs can be created, and communities can thrive. We want all our employees to have access to opportunity, too. That means planning for career growth, ensuring you have the tools you need, and promoting an inclusive culture where we’re all valued for our unique perspectives.

Here, you will work for a global tech leader committed to breaking down barriers to inclusive prosperity. We see technology as a means to free people up to work together more productively and effectively by centralizing data, analytics, and market intelligence.

Here, we’re committed to building a more diverse and inclusive workforce. Not only is it our responsibility to do better, but we also need representative voices to power the fresh thinking that is vital for our business and our clients.

What We Offer:

The Index Product Development Specialist will play a crucial role in developing Quantitative Investment Strategy (QIS) indexes across various asset classes, including equities, futures, options, and multi-asset classes. This individual will contribute to the product development life cycle from ideation to index launch. In addition, the individual will be tasked with identifying and pitching new product ideas to clients based on an assessment of each client’s needs.

You can expect a collaborative, fast-paced and constantly evolving work environment where you are recognized for your results and ability to drive things forward proactively & persistently. Every day brings many opportunities to learn & grow and rewards with a global impact we create.

In return, you will receive a competitive salary package, incredible health and financial wellbeing benefits, including health, dental, vision, & prescription coverage, 401K matching, tuition repayment or reimbursement options, paid vacation and parental leave, and more.

What You Will Do:

• Develop, model, and backtest Quantitative Investment Strategy indexes.
• Contribute to creating index methodologies by crafting mathematical formulas.
• Validate backtest results with calculation partners.
• Create new index strategies and develop associated client pitch collateral.
• Coordinate with internal teams to ensure a successful and timely index launch.
• Collaborate with internal teams to assist with production-related client inquiries.

What We Expect:

• Majored in Financial Engineering, Computer Science, or a quantitative field (Mathematics, Data Science, or Engineering) with 2-3 years of experience in developing Quantitative Investment Strategies.
• Advanced technical proficiency in Python, SQL, R, and Databricks.
• Knowledge of financial market data and derivatives. Experience with intraday market data (tick data) is preferred.
• Excellent communication skills and the ability to collaborate effectively with clients, internal teams, and external partners.
• Experience utilizing Tableau or similar data visualization tools to create compelling content that enhances product pitching efforts.

This position will be located in Philadelphia and offers the opportunity for a hybrid work environment (at least 3 days a week in office, subject to change), providing flexibility and accessibility for qualified candidates.