Quantitative Analyst

Insight Global are seeking a Quantitative Analyst, Index Operations for a leading global financial markets and exchange organisation. This role sits within the Index Operations team and is focused on supporting the calculation, maintenance, validation, and distribution of U.S. equity and derivatives-based indices. The successful candidate will play a key role in ensuring the accurate and timely delivery of index products, supporting client queries, monitoring market data, and contributing to process improvements and automation initiatives.

This position requires 5 days onsite in Chicago, Illinois for a permanent opportunity.

The Analyst will work closely with internal stakeholders, vendors, and clients to support daily index operations, incident management, corporate action monitoring, rebalances, quality assurance processes, and new product launches. This is an excellent opportunity for someone with strong analytical and problem-solving skills who is passionate about financial markets, quantitative analysis, and operational excellence.

Key Responsibilities:

• Support the daily calculation, maintenance, and dissemination of equity and derivatives-based indices
• Monitor index delivery processes and resolve operational issues in a timely manner
• Execute index rebalances and provide support during client-facing rebalance events
• Validate index calculations, corporate actions, dividends, and reporting outputs
• Investigate incidents, document findings, and contribute to continuous improvement initiatives
• Develop and enhance automation tools to improve operational efficiency
• Support new index launches, enhancements, and change management activities
• Provide high-quality client support, including onboarding, query resolution, and pricing challenges
• Maintain operational procedures, controls, KPI reporting, and monitoring frameworks
• Run and troubleshoot replication and calculation models within required timelines
• Participate in quantitative modelling exercises and options pricing-related activities

Must-Have Requirements Include:

• Bachelor's degree in Finance, Mathematics, Economics, Computer Science, Engineering, or a related discipline
• Understanding of financial markets, index products, or market data environments
• Strong analytical and problem-solving skills with a highly detail-oriented approach
• Ability to interpret and apply quantitative or mathematical methodologies
• Experience working with Microsoft Excel, including advanced functionality
• Strong written and verbal communication skills
• Ability to work independently while collaborating effectively with cross-functional teams
• Experience conducting validation, quality assurance, or operational control activities
• Comfortable managing multiple priorities within a time-sensitive environment

Plusses Include:

• Exposure to derivatives, options, or volatility-related products
• Experience with index calculation, maintenance, or benchmark administration
• Knowledge of corporate actions and dividend processing
• Experience with Python, R, or another programming language
• Experience troubleshooting and debugging quantitative models
• Exposure to process automation and workflow optimisation
• Understanding of incident management, root cause analysis, and operational risk controls
• Exposure to theoretical options pricing models or quantitative research methodologies