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 providethe financialinfrastructure 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’rebuilding meaningful ways to support professional and personal development while strengthening the trustwe’veearned as a global market leader. Our teams are empowered to share ideas, actively pursuethemand 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 toprovideemployees a safe space to network, share ideas and create opportunities.  

Role Overview

Quantitative Analyst, Index Operations position sits within the Cboe Global Index (CGI) Operations team. In this role, the Analyst will support the day-to-day maintenance of the Cboe US Indices on a real time and end of day calculation, as well as the monitoring of index delivery and distribution in a timely and accurate manner. The team is responsible for data administration/QA, product sales support, product research and change-management activities for its U.S. Index business, including CGI’s theoretical options pricing service. The role will be primarily focused on derivatives-based strategies but will include US equity indices as well. This role will perform activities related to full operational support for daily index maintenance. The position will report to Sr. Manager of U.S. Index Operations.

Location: Selected candidate must be willing to work in our Chicago

Your responsibilities will be:

Day-to-day responsibility for the smooth operation of U.S. Derivatives and Equity based Index calculation and dissemination in an accurate and timely manner
Timely resolution of issues in co-ordination with relevant third parties and internal Cboe departments
Perform periodic rebalances of Cboe US Indices in accordance with relevant timetables and provide client support related to rebalance events
Perform validation processes as documented in controls with appropriate evidencing and record-keeping, this includes daily index value reporting, corporate action and dividend monitoring
Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue.
Present ideas to automate and streamline index operation processes and develop tolling accordingly
Work collaboratively with other Cboe departments, third parties and vendors on new index launches and enhancements
Provide first class Client Support e.g., on-boarding, query handling and price challenges in a timely manner
Maintain and support detailed written standard operating procedures for daily processes
Record and maintain data for Key Performance Indicators, alerts and validation monitoring for potential errors in index calculations and dissemination
Participate in technical and methodological change-management processes related to index calculation and distribution
Run daily replication and calculation models and debug as needed within specific timeframes
Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue
Learn about theoretical options pricing and run basic modeling exercises
Performs other related duties as required or requested

Ideal candidate has:

Bachelor’s degree and at least 2 years of experience in financial markets or related field.
Derivatives experience a plus
Strong operational mindset and methodical approach to problem-solving
Intermediate experience working with R, Python, and/or other object-oriented programming language is a plus
Experience in solving complex modelling problems and “de-bugging”
Ability to interpret and apply mathematical index methodologies to real-world situations
Effective interpersonal and communication skills; solid writing skills is a must
Must be self-motivated and have the ability to work independently as well as part of a team, with proactive advancement of assigned work and problem solving.
Experience with MS-Office, particularly advanced skills with MS-Excel

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

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 $98,175-$144,375, 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.

About Us

Cboe is always looking for intelligent, innovative and hard-working individuals. Our success is based on our talented team of industry and technology professionals, which we believe is the strongest in the industry, and we pride ourselves on hiring the best and brightest.

Cboe Global Markets is an Equal Opportunity Employer. For more information, please click the following links:

Equal Employment Opportunity is The Law (in English)

Equal Employment Opportunity is The Law (in Spanish)

Equal Employment Opportunity is The Law (Supplement)

E-Verify Participation Poster (English & Spanish)

Right to Work Poster (English)

Right to Work Poster (Spanish)

ALERT:

If you have been contacted about a job opening at Cboe by someone that does not have a @cboe.com email, this is NOT a trusted source. Cboe only utilizes emails from @cboe.com or Linkedin messaging for recruitment purposes. Cboe does not use any other third-party messaging applications.

We recommend that you refrain from responding to Cboe recruitment emails that are not from a cboe.com email address and to file a complaint with the Internet Crime Complaint Center IC3 at https://www.ic3.gov/.

If you have further questions, please reach out to the Cboe HR team at cboehr@cboe.com

Quantitative Analyst, Index Operations

Job Description:

About Us

ALERT:

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