Quantitative Associate

MerQube is an innovative fintech firm, leading the development of cutting-edge technology for indexing and rules-based investing. MerQube offers design and calculation solutions for complex rules-based strategies. Launched in 2019 in New York and San Francisco by a team of index industry veterans and technology experts, MerQube was created to provide a technology focused alternative. MerQube designs and calculates a wide variety of indices, ranging from thematic to ESG, QIS and delta one, while covering multi-asset, equities, futures as well as options. Leveraging cloud-based architecture and today's most advanced index-tracking technology, MerQube's platform enables its clients to bring ideas to market quickly and efficiently. Position Overview: We are looking for a motivated and technically strong Quantitative Associate to join our growing team in Bangalore. In this role, you will contribute to the modeling, backtesting, and launch of index strategies, with a particular focus on options and systematic investing. You will work closely with the Financial Engineering team, platform engineering teams, and internal stakeholders to build scalable, reliable, and data-driven financial solutions. Key Responsibilities: - Develop, model, and backtest new index strategies using Python. - Work with financial data sets to clean, analyze, validate, and prepare data for research and production use. - Create and maintain MerQube-branded financial engines and index strategies. - Support daily and historical index calculations, including testing, validation, and automation. - Work on options-based strategies, including pricing, Greeks, payoff structures, volatility, and portfolio-level applications. - Collaborate with Financial Engineering and Platform Engineering teams to improve calculation workflows and data processes. - Automate recurring tasks related to index research, backtesting, and production calculations. - Review output data, identify issues, and troubleshoot calculation or data-quality problems. - Prepare documentation, analysis summaries, and client/internal support materials when required. - Apply software engineering best practices while building financial models, analytics tools, and scalable calculation workflows. Qualifications: - Bachelor’s or Master’s degree in Computer Science, Engineering, Finance, Mathematics, Economics, Statistics, Data Science, or a related quantitative field. - Minimum 4–6 years of relevant experience in quantitative finance, index research, financial engineering, or software development - Strong programming skills in Python, especially for financial modeling and backtesting. - Good understanding of financial markets, equity markets, derivatives, index products, and systematic investing. - Strong understanding of options, including option pricing, Greeks, volatility, payoff structures, and portfolio applications. - Experience working with large data sets and Python libraries such as Pandas, NumPy, or similar tools. - Exposure to financial data platforms such as Bloomberg, Reuters, FactSet, Morningstar, Axioma, or Barra will be an advantage. - Strong analytical mindset with excellent attention to detail and data accuracy. - Ability to work with cross-functional teams and communicate clearly with both technical and non-technical stakeholders. - Strong interest in the intersection of software, financial markets, and quantitative research. - Good to Have - Experience with backtesting investment strategies or index methodologies. - Exposure to systematic investing, factor models, volatility strategies, or derivatives-based indices. - Understanding of cloud-based systems, databases, APIs, or distributed computing concepts. - Prior experience in fintech, index providers, or quantitative development/research teams. - Familiarity with SQL, Git, or basic software development workflows. Our Commitment: At MerQube, we foster a collaborative, fast-moving environment where team members can grow and expand their technical, financial, and leadership skills. We prioritize wellness, work-life balance, and offer flexible working arrangements. We celebrate diversity and welcome team members from all backgrounds, encouraging continuous learning and career growth while playing a key role in transforming the financial industry. Benefits: - Pay that matches your ambition: competitive compensation packages that grow with you - Benefits that actually have your back: top-tier medical, dental, vision, and more - Work where you work best: flexible arrangements, including hybrid options - A team that feels like home: we're building a community-first culture - Your wellbeing, prioritized: real investment in health, wellness, and work-life balance - Room to grow, fast: hands-on opportunities to learn, level up, and shape your career - Lunch is on us: enjoy paid office lunches, because great ideas flow better on a full stomach - Time to recharge: generous PTO, holidays, and sick time, because rest fuels great work