Job Description:
Building trusted markets — powered by our people
At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.
We’re building meaningful ways to support professional and personal development while strengthening the trust we’ve earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. We strive to provide employees a safe space to network, share ideas and create opportunities.
Location Overview
Cboe HQislocated inthe historic Old Post Officedistrict,it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces withhigh ceilingsand large windows, offering an abundance of natural light and panoramic views of thecityskyline and the Chicago River.
With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants,afitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.
PLEASE NOTE: To support strong partnership and team connection, this role follows a four day in office work model.
Position Summary
USTeamLeadwithCboeGlobal Indices (CGI).TheCGIteam currentlyresearches, designs,and implementsnew index strategiessupporting bothCboe’sbranded indicesandclient-owned indices.Manager of Index Operationscoordinatesthe dailycalculation,maintenanceand validation of CGI’s indicesin the US, including client interaction, error handling, presenting toindex committees, and evaluating and building validation toolsto ensure compliance with control framework. This roleis primarily focused onderivativesand will additionally provide exposure toequities.
Your responsibilities will be:
- Manage and expand team of index analystsin multiple offices
- CalculateCGI’s US suite of indices, covering options,as wellandiNAVs/IOPVs
- SupportTheoretical Options Pricing Service (TOPS) includingprocess maintenance, validations, jobs aids,pricechallengesand clientsupport
- Responsible for team runningindex validationsand qualityassurancechecks, currently focused on scripting inPython
- Participate in regular incident reviewand internal postmortem, suggesting and implementing process improvement
- Onboard newindicesfrom implementation team, includingmethodologyevaluationfor operational feasibilityandappropriate validations
- Participate in index committee meetings toset direction for indexmethodologyenhancements, including suggesting andassistingwithmarket consultations
- Helpestablishquality assurance for new calculation types
- Helpestablishindex calculation standards to enable repeat applicationof calculation modules
- Participate in client meetings toshow robustness of CGI calculations,
- Workcollaboratively with otherCboedepartments on new index and benchmark launches,leadingthepost-launch supportfunction
- Work onenhancement initiatives to support robust and scalableprocessesin linewith established control framework
The ideal candidate has:
- 8+years options, equity, financialindexingand/or financialmarketsexperience in a related capacity.Managerial experience (team of2-6) preferred.
- Strongquantitative and programming skills; experience in Python,R,and SQL with preference toPython
- Experience with written documentation of projects
- Strong background in index mathematics: writing, readingmethodologyformulas
- Ability to solve non-routine problems
- Effective interpersonal and communication skills
- Mustbe self-motivated andbe able towork independently as well as part of a team
- Strong focus on training and onboarding new employees
Education:
- Bachelorsdegree inEngineering, Mathematics, ComputerScienceor related fieldrequired
- Advanced degree preferred.
Benefits and Perks of working for Cboe Global Markets
We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:
- Fair and competitive salary and incentive compensation packages with an upside for overachievement
- Generous paid time off, including vacation, personal days, sick days and annual community service days
- Health, dental and vision benefits, including access to telemedicine and mental health services
- 2:1 401(k) match, up to 8% match immediately upon hire
- Discounted Employee Stock Purchase Plan
- Tax Savings Accounts for health, dependent and transportation
- Employee referral bonus program
- Volunteer opportunities to help you give back to your communities
Some of our associates’ favorite benefits and perks include:
- Complimentary lunch, snacks and coffee in any Cboe office
- Paid Tuition assistance and education opportunities
- Generous charitable giving company match
- Paid parental leave and fertility benefits
- On-site gyms and discounts to other fitness centers
#LI-CJ
More About Cboe Global Markets
We’re reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed.
We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.
Learn more about life at Cboe on our website and LinkedIn.
Equal Employment Opportunity
We're proud to be an equal opportunity employer do not discriminate against any employee or applicant for employment based on any legally protected characteristic, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, orVeteran status. We are committed to fostering a workplace where all individuals are valued and respected.
This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.
Salary Ranges (applicable for US locations only)
At Cboe, we are committed to providing a competitive, transparent, and market‑informed total rewards program. The anticipated base salary range for this role is $135,575-$175,450, with actual compensation determined by job‑related factors such as skills, relevant experience, education, internal alignment, and location.
This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long-term equity programs.
Additional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.
Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.
