Qualifications
Responsibilities
Benefits
Location Overview
Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline 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, a fitness 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
USTeamLeadwith CboeGlobal Indices (CGI).The CGI team currently researches, designs, and implements new index strategies supporting both Cboe’s branded indices and client-owned indices. Manager of Index Operations coordinates the daily calculation, maintenance and validation of CGI’s indices in the US, including client interaction, error handling, presenting to index committees, and evaluating and building validation tools to ensure compliance with control framework. This role is primarily focused on derivatives and will additionally provide exposure to equities.
Your responsibilities will be:
Manage and expand team of index analysts in multiple offices
Calculate CGI’s US suite of indices, covering options, as well and iNAVs/IOPVs
Support Theoretical Options Pricing Service (TOPS) including process maintenance, validations, jobs aids, price challenges and client support
Responsible for team running index validations and quality assurance checks, currently focused on scripting in Python
Participate in regular incident review and internal postmortem, suggesting and implementing process improvement
Onboard new indices from implementation team, including methodology evaluation for operational feasibility and appropriate validations
Participate in index committee meetings to set direction for index methodology enhancements, including suggesting and assisting with market consultations
Help establish quality assurance for new calculation types
Help establish index calculation standards to enable repeat application of calculation modules
Participate in client meetings to show robustness of CGI calculations,
Workcollaboratively with other Cboedepartments 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:
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 and be able towork independently as well as part of a team
Strong focus on training and onboarding new employees
Education:
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 and LinkedIn.
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.
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