Job Description:Quantitative Analyst, Index Operations 

Building trusted markets —powered by our people. 

 

Company Overview 

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 inclusive 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. Our Associate Resource Groups champion diversity, equity and inclusion, giving associates a safe space to network, share ideas and create opportunities.  

Summary:  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: Chicago (flex hybrid)

Responsibilities:

Day-to-day responsibility for the smooth operation of U.S. Derivatives and Equity based Index calculation and dissemination in an accurate and timely mannerTimely resolution of issues in co-ordination with relevant third parties and internal Cboe departmentsPerform periodic rebalances of Cboe US Indices in accordance with relevant timetables and provide client support related to rebalance eventsPerform validation processes as documented in controls with appropriate evidencing and record-keeping, this includes daily index value reporting, corporate action and dividend monitoringFollow 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 accordinglyWork collaboratively with other Cboe departments, third parties and vendors on new index launches and enhancementsProvide first class Client Support e.g., on-boarding, query handling and price challenges in a timely mannerMaintain and support detailed written standard operating procedures for daily processesRecord and maintain data for Key Performance Indicators, alerts and validation monitoring for potential errors in index calculations and disseminationParticipate in technical and methodological change-management processes related to index calculation and distributionRun daily replication and calculation models and debug as needed within specific timeframesFollow 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 issueLearn about theoretical options pricing and run basic modeling exercisesPerforms other related duties as required or requested

Requirements

BS degree preferred with 0-3 years financial markets experience in a related capacity. Or equivalent experience in lieu of degree.Derivatives experience a plusStrong operational mindset and methodical approach to problem-solvingIntermediate experience working with R, Python, and/or other object-oriented programming language is a plusExperience in solving complex modelling problems and “de-bugging”Ability to interpret and apply mathematical index methodologies to real-world situationsEffective interpersonal and communication skills; solid writing skills is a mustMust 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: 

 

Medical Coverage 

Prescription Drug Coverage 

Additional Medical Benefit 

Dental Coverage 

Vision Coverage 

Spending Accounts 

Life and AD&D Insurance 

Retirement Savings Plan 

Employee Stock Purchase Plan (ESPP) 

Voluntary & Additional Benefits 

Paid Time Off 

 

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 celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging. 

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 - and celebrate our associates' differences, including race, religion, sex, sexual orientation, gender identity, national origin, age and disability 

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Our pay ranges are determined by a number of factors, including, but not limited to, role, experience, level, and location. The national new hire base pay range for this job in the United States is $89,250-$110,250. This range represents the minimum and maximum base pay the company expects to offer for new hires working in the position full time. If you live in one of the following areas or if you work in a Cboe office in the following areas, the range may be higher according to the geographic differentials listed below:

 

US Geographic Differentials:

110%: Austin TX, Chicago IL, Denver CO, San Diego CA 

115%: Los Angeles CA, Seattle WA 

120%: Boston MA, Washington DC 

125%: New York City NY  

130%: San Francisco CA 

 

Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more!  Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit TOTAL REWARDS @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.