Chicago Board Options Exchange

Senior Director - Market Data Administration

Chicago Board Options Exchange$233K — $302K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Expert knowledge of market data principles and policies in equity and derivatives trading.
  • Strong communication skills for conveying market data policies to diverse stakeholders.
  • Experience in analyzing complex data usage scenarios for licensing and fee application.
  • Hands-on experience with artificial intelligence for process efficiencies and innovative analytics.
  • Proficient in market data administration tools and technologies.
  • 7+ years managing clients and business relationships.
  • 10+ years of leadership experience with people management.
  • 12+ years in financial market data and derivatives industry.

Responsibilities

  • Execute market data administration functions, including customer/vendor onboarding and oversight.
  • Implement and maintain DataBP, developing a roadmap for continuous improvement.
  • Generate business intelligence to support market data product direction and pricing strategies.
  • Manage team performance, set goals, and conduct feedback sessions.
  • Actively participate in industry associations and conferences.
  • Oversee data subscriber and distributor reporting processes.
  • Support regulatory filings and related documentation needs.

Benefits

  • Generous paid time off, including vacation and community service days.
  • Health, dental, and vision benefits with access to telemedicine and mental health services.
  • 2:1 401(k) match up to 8%, available immediately upon hire.
  • Employee stock purchase plan with discounts.
  • Tax savings accounts for healthcare and transportation.
  • Referral bonus program for employee recruitment.
  • Volunteer opportunities to enhance community engagement.
Full Job Description
Job Description:

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.

Role Overview

This role has responsibility for managing all facets of our Market Data Administration function, including customer/vendor onboarding, licensing, reporting, compliance and billing. The person will be responsible for managing and setting direction for all processes, technologies and supporting team. Identification of opportunities for process improvement, automation and leveraging technologies will be essential. Responsibilities will also include developing audit plans and criteria for audit selection and perform data compliance reviews and audits of data recipient compliance with Cboe data agreements and policies. Sets targets and tracks progress toward annual compliance targets and supporting associated Data Vantage budgets. This position reports to the VP, Head of Market Data.

Your responsibilities will be:
  • Execute administrative and operational functions for Cboe's Market Data Administration, including RMA and CGIF data products
  • Implement DataBP, maintain relationship and develop roadmap for future improvements and features.
  • Generate necessary business intelligence on Cboe market data customers and vendors to support overall product direction, pricing/fees, policies, etc.
  • Manage team members, set performance goals and deliver associated feedback and performance reviews
  • Represent Cboe and be an active participant in market data industry associations, conferences and industry best practice discussions.
  • Oversee and manage data subscriber and distributor onboarding and reporting.
  • Provide necessary support to regulatory filings
  • Provide necessary input and support to AP, AR and GL functions.


The ideal candidate has
  • Expert knowledge of market data principles and policies and a thorough knowledge of the equity and derivative trading industry.
  • Ability to communicate the intricacies of specific Cboe market data policies to regulators, global distributors, banks and trading firms.
  • Ability to analyze complex and unique data usage scenarios in order to apply appropriate licensing and fees for data vendors and subscribers.
  • Demonstrates hands-on experience using artificial intelligence techniques and agents to create efficiencies and develop innovative analysis.
  • Working knowledge with market data administration tools and technologies.
  • 7+ years of experience managing clients and external business relationships.
  • 10+ years of management and people leader experience.
  • 12+ years of financial market data and derivatives industry experience.
  • Bachelor's Degree in Business, Economics or related field required, Master's degree preferred.
  • Thorough knowledge of DataBP application is 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


#LI-CS

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 $233,750-$302,500, 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 [redacted].com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.

About Chicago Board Options Exchange

The Chicago Board Options Exchange, located at 433 West Van Buren Street in Chicago, is the largest U.S. options exchange with an annual trading volume of around 1.27 billion at the end of 2014. CBOE offers options on over 2,200 companies, 22 stock indices, and 140 exchange-traded funds. The Chicago Board of Trade established the Chicago Board Options Exchange in 1973. The first exchange to list standardized, exchange-traded stock options began its first day of trading on April 26, 1973, in celebration of the 125th birthday of the Chicago Board of Trade. The CBOE is regulated by the Securities and Exchange Commission and owned by Cboe Global Markets.
Learn more about Chicago Board Options Exchange
Industry
Founded
1973

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