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.

Come as You Are

Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

What We Offer

We're proud to offer a competitive rewards package that is meaningful, recognizes the unique needs of our employees and their families and incentivizes employees for their contribution to Nasdaq's overall success.

In addition to base salary, Nasdaq offers significant other compensation (annual boncommissions and equity), benefits, and opportunity for growth. Exact compensation may vary based on several job-related factors that are unique to each candidate, including but not limited to: skill set, experience, education/training, business needs and market demands.

Nasdaq's programs and rewards are intended to allow our employees to:

• Secure Wealth: 401(k) program with 6% employer match, Employee Stock Purchase Program with 15% discount, Student loan repayment program up to $10k, Company paid life and disability plans, Generous paid time off
• Prioritize Health: Comprehensive medical, dental and vision coverage, Health spending account with employer contribution, Paid flex days to support mental wellbeing, Gym membership discounts
• Care for Family: Hybrid home/office schedule (for most positions), Paid parental leave, Fertility benefits, Paid bereavement leave
• Connect with Community: Company gift matching program, Employee resource groups, Paid volunteer days
• Grow Career: Education Assistance Program, Robust job skills training and Professional development opportunities

For more information, visit Nasdaq Benefits & Rewards Career page