Index Analyst

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Date: Jul 3, 2019

Location: New York, NY, US

Company: New York Life Insurance Co

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

 

IndexIQ, a New York Life Investments Company, is a trusted provider of innovative financial solutions. IndexIQ ETFs are built and delivered in a way that provides exposures that investors can rely on. A subsidiary of one of the oldest and largest insurance companies in the world, we have a solid foundation and the resources to continue our culture of innovation. IndexIQ has established a long track record of demonstrating the value of innovation. From offering the first liquid alternative ETF, to leveraging our multi-boutique platform, each ETF is thoughtfully constructed. Our specialized investment solutions help our clients meet the increasingly complex challenges they face in their portfolios today. With coverage across all broad asset classes, IndexIQ offers smart solutions for building better portfolios within:

  • Fixed Income: Core, municipal, investment grade, high yield
  • Equities: Domestic large and small cap, global/international
  • Alternatives: Hedge fund replication
  • Specialty: Merger arbitrage, commodity, real estate

 

Position Overview

The Index Analyst will work closely with other members of the Index team, the Portfolio Management team and our external index partners as the point of contact for index related matters. The Analyst will have regular daily index monitoring responsibilities as well as monthly/quarterly responsibilities related to index administration.

 

Additionally, he/she will also be expected to help identify and implement process improvements, maintain business process and methodology documents, and provide index analytics to internal stakeholders.    The ideal candidate will have experience working in an index operations environment and would be seeking an opportunity to build upon this experience. The position is based in New York Lifes midtown Manhattan home office.

 

Responsibilities

  • Responsible for maintaining all indexes underlying the company’s ETFs, Mutual Funds, and SMAs. This includes implementing periodic index rebalances, ensuring daily accuracy / quality control of indexes, and monitoring and adjusting for corporate actions and related index changes.
  • Communicating index updates and changes to the Portfolio Management team and to our external index partners.
  • Work with the Index team and NYLIM boutiques to help develop and maintain new investable indexes underlying ETFs, Mutual Funds and SMAs to be offered by the company.
  • Create and disseminate reports and other information relating to the company’s indexes internally and externally.
  • Assess the current workflow and recommend solutions to develop a robust platform that can be used to leverage future growth.

 

Qualifications

  • 1+ years of experience working in indexing
  • Knowledge of securities related data as it applies to both equities and fixed income instruments Prior experience with FTSE, S&P, NASDAQ and Solactive a plus
  • Technology orientation including experience automating and streamlining processes.  Programming and data base skills highly preferable. Very strong MS Excel and VB skills are desired.
  • FactSet and/or Bloomberg experience preferred
  • Attention to detail and diligence is critical
  • Ability to multi-task and work efficiently in a team-oriented environment
  • Entrepreneurial spirit/self-starter
  • Bachelor’s Degree Required

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