Parameta Solutions
VP, Head of Benchmarks & Indices - Parameta Solutions
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The TP ICAP Group
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
About Parameta Solutions
Parameta Solutions is the Data & Analytics division of TP ICAP Group. The business provides clients with unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices, and pre and post-trade analytics. Its post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services. The Data & Analytics division includes the following brands: Tullett Prebon Information, PVM Data Services, ICAP Information and Burton-Taylor Consulting.
Role Overview
The Head of Benchmarks & Indices will own Parameta Solutions’ global Benchmarks & Indices business, operating as a full profit-and-loss (P&L) owner with end-to-end accountability for its strategy, commercial performance and delivery. The role sets the strategic direction for the franchise and provides the intellectual, managerial and commercial leadership required to grow revenue, deepen client relationships and scale investible index and benchmark solutions across asset classes.
This is a senior leadership role with direct line management of the Benchmarks & Indices research and design, technical development, operations and sales specialist teams. It also leads cross-functional teams drawn from sales, marketing, data engineering, development and governance, aligning them behind a single roadmap and holding the pen on the commercial and strategic priorities for the business.
The role is ideally suited to a proven business leader with a strong quantitative and index pedigree — combining deep expertise in index methodologies, alternative risk premia and multi-asset solutions with a track record of running a commercially successful data or index franchise. You will act as the firm’s most senior representative for benchmarks and indices, internally and externally, and as the ultimate owner of the proposition, its governance and its P&L.
Key Responsibilities
P&L, Revenue & Growth
- Own the Benchmarks & Indices P&L, with full accountability for revenue growth, cost management and commercial performance against plan.
- Provide intellectual, managerial and commercial leadership to the business as a P&L owner, partnering effectively with dedicated technology, data engineering and infrastructure teams.
- Identify, size and prioritise new revenue opportunities across the benchmark and index space, developing robust investment cases that weigh build, buy and partner options to secure the fastest route to market.
- Lead business planning and budgeting for the franchise, allocating resources effectively, monitoring financial performance and making strategic investments that drive growth.
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Strategy & Stakeholder Leadership
- Define, own and execute Parameta Solutions’ global Benchmarks & Indices strategy and roadmap, ensuring alignment with business objectives and commercial targets.
- Articulate the strategy and roadmap to internal and external stakeholders, taking account of the perspectives of clients and regulators as well as legal and technological constraints.
- Act as the senior representative and subject matter expert for benchmarks and indices, internally and externally, setting the overall direction of the business and driving execution of the vision.
- Drive adoption of Parameta’s proprietary data and intellectual property through the benchmark and index proposition.
Leadership & Team Management
- Provide direct line management to the Benchmarks & Indices research and design, technical development, operations and sales specialist teams — setting objectives, developing talent and building a high-performing organisation.
- Lead cross-functional teams spanning sales, marketing, data engineering, development and governance, fostering a culture of collaboration, innovation and business enablement.
- Attract, develop and retain high-quality product, quantitative and commercial talent, providing hands-on leadership while remaining visible and accessible to critical stakeholders.
Go-to-Market, Client & Delivery Leadership
- Shape client communications and go-to-market strategies for new product developments and enhancements, working closely with sales, marketing and channel management.
- Engage senior client executives and industry thought leaders — Asset Owners, Asset Managers, Banks (quantitative investment and structured products teams), ETF/ETN issuers, Benchmark Administrators, Data Vendors, Calculation Agents and Liquidity Providers — to understand needs and tailor solutions.
- Build and maintain strong senior relationships across internal and external stakeholder groups, acting as the lead advocate for the proposition.
- Assess product development challenges to find creative solutions, and establish and meet delivery schedules alongside related client implementations.
Product, Proposition & Platform Transformation
- Drive the ongoing optimisation of the Benchmarks & Indices proposition, products and solutions to achieve the commercial and strategic goals of the business.
- Own end-to-end management of the proposition on a global basis across all relevant functions — from concept and quantitative research through to launch and ongoing enhancement.
- Lead the development of new investible index products across asset classes (Rates, Fixed Income, Credit, FX, Commodities, Equities), leveraging both traditional and alternative risk premia methodologies.
- In partnership with technology, drive the strategic transformation of legacy platforms and calculation infrastructure to future-proof the business, assessing whether goals are best met by building, buying or partnering.
- Drive innovation and differentiation across new and existing propositions to better address current and future client needs.
Governance, Risk & Control
- Ensure all benchmark and index products comply with relevant regulation (e.g. EU BMR) and TP ICAP Group policies, and oversee the production and maintenance of index rulebooks, methodology disclosures and product documentation.
- Own the control framework for the business, identifying and mitigating risks associated with strategic initiatives and developing contingency plans to respond to changing market conditions.
- Oversee methodology validation, back-testing, historical analysis and risk assessment for new and existing index concepts.
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Experience & Competencies
Essential
- Proven track record as a commercial or P&L leader within the trading, market data, benchmark or index space, with the credibility to set strategy and grow revenue.
- Strong quantitative background, with experience developing index methodologies, statistical models or quantitative investment strategies.
- Deep technical understanding of fixed income, equity, FX, credit and multi-asset indices — including calculation and rebalance mechanics — and of how OTC markets feed index and benchmark construction.
- Demonstrated experience leading and developing multi-disciplinary teams (research, technical, operational and commercial), and leading cross-functional groups to deliver shared outcomes.
- Solid track record of product development and commercialisation — from concept to launch — within indices, benchmarks or quantitative investment solutions.
- Strong financial acumen, including experience owning a P&L, leading business planning and budgeting, and making data-driven investment decisions.
- Demonstrated familiarity with the global benchmark regulatory landscape (e.g. EU BMR).
- Superior client and stakeholder management skills, with a proven ability to build and manage senior client relationships and influence internal and external partners.
Desired
- Experience working with or within a Benchmark Administrator, Index Provider, ETF issuer, Structured Products desk or Data Vendor.
- Experience integrating proprietary datasets into systematic investment strategies.
- Experience leading product-led transformation and the modernisation of data or calculation platforms.
- Familiarity with cloud-based data engineering, index calculation engines or automation workflows.
- Advanced technical skills (Python, R, SQL or similar) used for modelling and research.
Band & Level
Functional Head / 8
#PARAMETA
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
Location
UK - 135 Bishopsgate - London
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