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