Full-Time

Index Production Analyst

Posted on 8/7/2025

MerQube

MerQube

51-200 employees

Index provider licensing cloud-based, rules-based indices

No salary listed

Bengaluru, Karnataka, India

Hybrid

Category
Operations & Logistics (1)
Required Skills
Bloomberg
Python
SQL
Data Governance
VBA
Requirements
  • Minimum of 2 years of experience in index management, financial data analysis, or related fields, with a strong focus on corporate actions, data validation, and process optimization.
  • Strong understanding of financial market data, corporate actions, and their impact on indices, with a willingness to deepen expertise.
  • Practical experience with financial data sets and tools such as FactSet, Reuters, Morningstar, Bloomberg, or similar platforms.
  • Knowledge of financial benchmarks, index methodologies, and rebalancing concepts, with the ability to handle both basic and complex scenarios.
  • Experience in process improvement and automation initiatives, including contributing to workflow optimization and writing requirements for technical teams.
  • Proven ability to maintain and validate data quality, investigate errors, and liaise with vendors to resolve discrepancies.
  • Strong collaboration skills with experience working in cross-functional and global teams, ensuring smooth workflows and operational continuity.
  • Bachelor’s degree in finance, economics, mathematics, or a related field; advanced coursework or certifications (e.g., CFA, CQF) are a plus.
  • Basic to intermediate proficiency in VBA, SQL and Python, with the ability to apply these skills to improve operational efficiency.
  • Awareness of regulatory standards, such as Benchmark Regulations and IOSCO principles, with a commitment to developing expertise in compliance-related areas.
  • Strong analytical and problem-solving skills, with the ability to deliver actionable insights to stakeholders.
Responsibilities
  • Research and analyze asset prices, corporate actions, and other incoming data, investigate potential errors and coordinate with data vendors to correct it in a timely manner.
  • Ensure corporate actions are applied to the index based on the index specific rules.
  • Manage processes for handling and validating financial data, including preventive checks, error investigations, and remediations necessary to maintain data quality.
  • Perform rigorous quality checks prior to index dissemination and assist with end-of-day validations.
  • Contribute to the full lifecycle of index management, including validation, launch, rebalancing, and governance processes.
  • Monitor and maintain index accuracy across equity and multi-asset classes, ensuring compliance with regulatory standards and methodology.
  • Perform rebalance screening, represent rebalancing result to index committee and implement rebalances.
  • Assist in drafting and reviewing index methodologies, benchmarks, and compliance documentation to ensure alignment with industry standards.
  • Contribute to the design and automation of workflows to improve operational efficiency and error prevention.
  • Support operations and initiatives across multiple asset classes, including equity, fixed income, derivatives, and commodities.
  • Provide actionable reports and analyses to stakeholders, addressing client inquiries related to index data and calculations.
  • Collaborate with global teams to ensure seamless cross-regional workflows and operational continuity.
Desired Qualifications
  • CFA charter or CQF certification (advanced coursework or certifications)

MerQube designs and calculates customized rules-based financial and insurance indices using cloud-native technology. Its offerings include thematic, ESG, factor, and retirement-focused indices, created and managed via a scalable platform that institutions license to design and deploy passive investment benchmarks. The product works by letting clients define rules and criteria for an index, with MerQube handling the calculation and maintenance of the index in real time or on a schedule, and licensing the resulting indices for use in investment products. Compared with competitors, MerQube emphasizes a specialized, scalable design-and-calculate platform tailored to financial and insurance needs, enabling highly customizable benchmarks rather than generic index options. Its goal is to support institutions in creating sophisticated, efficient, and trackable benchmarks for passive investing and related strategies, expanding the index-linked investment market.

Company Size

51-200

Company Stage

Series B

Total Funding

$36M

Headquarters

San Francisco, California

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • $30M Series C from 7RIDGE and Deutsche Börse fuels global expansion.
  • FCA BMR authorization accelerates UK and European client adoption.
  • Indices linked to $8B in products, including $2.1B US Tech+ Vol.

What critics are saying

  • Noonum failure degrades thematic indexing within 12-24 months.
  • SEC cracks down on defined outcome ETFs, forcing redesigns in 18 months.
  • MSCI commoditizes indices, eroding licensing revenue in 24 months.

What makes MerQube unique

  • Cloud-native platform enables intraday rebalancing up to 12 times daily.
  • The Garage toolkit streamlines custom index construction for institutions.
  • AI partnership with Noonum creates agentic thematic indexes in minutes.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Remote Work Options

Paid Vacation

Paid Sick Leave

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

1%

2 year growth

-1%
Structured Retail Products
Apr 13th, 2026
MerQube secures Series C funding from 7RIDGE and Deutsche Börse to scale derivatives-linked ETF platform

MerQube, a US-based index provider specialising in rules-based and derivatives-enabled strategies, has closed a Series C funding round led by 7RIDGE and Deutsche Börse Group. Existing investors including Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management and UBS also participated, though the funding amount was not disclosed. The company plans to use the investment to scale its technology platform and expand in derivatives-linked ETF and structured product markets. MerQube focuses on providing customised index solutions and data-driven strategies for institutional clients.

Noonum
Mar 12th, 2026
MerQube announces strategic AI partnership with Noonum to revolutionize thematic indexing.

MerQube announces strategic AI partnership with Noonum to revolutionize thematic indexing. Noonum & MerQube · March 12, 2026 Latest agentic indexing AI brings machine reasoning to LLMs and knowledge graphs to interrogate billions of data points and create thematic indexes based on robust facts, evidence and metrics, in minutes. March 12, 2026 - MerQube, a technology-led research and index firm, today announced a strategic partnership with Noonum, a purpose-built AI engine for thematic investment analysis. Traditionally anchored in financial metrics and rigid taxonomies, the world of custom indexing is redefined through this partnership, enabling point-in-time indexes built around clients' ideas, thoughts, intent, values, beliefs, and investment theses. The partnership enhances MerQube's ability to systematically identify, quantify, and implement thematic investment strategies with greater speed and analytical depth. By pairing Noonum's agentic AI-driven thematic intelligence with MerQube's institutional index calculation and governance infrastructure, the collaboration supports a more efficient path from investment thesis to investable benchmark and points to a new era in Agentic AI for thematic index creation. Noonum is powered by a proprietary and unique semantic knowledge engine to interrogate billions of data points extracted from diverse sources such as corporate disclosures, earnings calls, patents, and global news. The platform applies machine reasoning to detect and quantify direct and indirect involvement with investment themes across companies and the associated supply chains to construct deterministic, repeatable point-in-time indexes suitable for back-testing and historical validation. This is a significant evolution from traditional LLM-driven methods which typically have challenges due to the limitations of probabilistic approaches. The thematic exposure analytics generated by Noonum inform MerQube's index design process, creating highly customized indices that aim to exactly reflect the natural language articulation of a client's investment thesis whilst also enabling: * Systematic identification of thematic exposure beyond traditional industry classifications, which are often not equipped to assess new areas of investor interest e.g. Cobots or Neurotech * Evidence-based metrics for weighting, ranking, and rule construction * Identification of companies with both direct and supply-chain exposure to themes * Accelerated development timelines for customized thematic indices MerQube's platform, The Garage, will feature selected thematic concepts within its InQubator, allowing clients to evaluate strategies and seamlessly transition into governed production. "This partnership enhances both intelligence and execution," said Vinit Srivastava, CEO and Co-Founder of MerQube. "The latest agentic AI capable of machine reasoning enables us to analyze thematic exposure at a scale and depth that goes far beyond what would be practical through manual research alone. Combined with our established index infrastructure, we can enhance the delivery of institutional-grade thematic benchmarks that are hyper-customized to exactly match investor requirements and bring them to market more efficiently." Shankar Vaidyanathan, Founder and CEO of Noonum said: "Noonum brings structure to unstructured data, while MerQube is a recognized leader in building specialized indexes from structured datasets. By partnering together, we're introducing a new dimension to investing - one that's expansive, dynamic, and empowers us to completely redefine the indexing landscape. From this point forward, imagination is the only boundary in the world of indexing." About MerQube. MerQube is a technology-led research and index firm specializing in the design and calculation of innovative rules-based investment strategies and passive solutions. Founded in 2019 by index industry veterans and technologists, MerQube was created as a technology-driven answer to the most sophisticated rules-based investment strategies. MerQube today calculates a broad range of strategies, from defined outcome and volatility management to real-time and intraday indices, supporting flexible rebalancing schedules and advanced execution methodologies. About Noonum. Noonum is an AI-driven knowledge-engine that empowers the creation and customization of portfolios and indexes for themes, trends, or any investment objective expressed in natural language. With live indexes already in the market, Noonum delivers an enterprise-ready, institutional-grade solution powered by its proprietary web of world commerce, which connects global companies, people, places, products, and concepts. Backed by leading financial institutions including Franklin Templeton and Euromobiliare Asset Management SGR (Gruppo Credem), Noonum is a Delaware C-Corporation with headquarters in the Greater Seattle area.

ETF Express
Sep 9th, 2025
MerQube launches "The Garage"

Index provider MerQube has announced the launch of The Garage, a revolutionary toolkit for flexible, efficient, and frictionless index construction.

Pulse 2.0
Jul 19th, 2023
MerQube: index-linked investing company raises $22 million

MerQube’s technology puts it in a unique position to deliver the solutions this trend will require.Intel Capital is delighted to collaborate with MerQube on this next phase of their journey.”

Finextra Research
Jul 13th, 2023
/markets

In conjunction with the financing, David R. Mueller, Intel Capital Investment Director, will join MerQube’s board of directors.

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