Chicago Board Options Exchange

Third-Party Cyber Risk Specialist

Chicago Board Options Exchange$84K — $108K *
Information Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent work experience in a relevant field.
  • 3+ years' experience in third-party risk management, vendor management, security incident response, or comparable field.
  • Strong understanding of cybersecurity principles and regulatory frameworks (e.g., NIST, SOC 2, GDPR, ISO 27001).
  • Excellent communication and interpersonal skills for effective collaboration.
  • Ability to work independently and manage multiple assignments/projects simultaneously.
  • Experience conducting vendor risk assessments.

Responsibilities

  • Manage incoming client requests, prioritizing and triaging them appropriately.
  • Facilitate communication between business, legal, technology, and information security teams.
  • Serve as a point of contact for client due diligence inquiries, ensuring timely responses.
  • Act as the subject matter expert for response management software used in due diligence.
  • Maintain a standardized library of responses for client due diligence questionnaires.
  • Assist with onboarding new vendor relationships and collect documentation from vendors.
  • Conduct third-party risk assessments and security reviews to identify control gaps.

Benefits

  • Generous paid time off, including personal days and community service days.
  • Health, dental, and vision benefits, including telemedicine access.
  • 2:1 401(k) match up to 8%, effective immediately upon hire.
  • Complimentary lunch, snacks, and coffee in Cboe offices.
  • Paid tuition assistance and education opportunities.
  • Paid parental leave and fertility benefits.
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

The Global Third-Party Risk Management Team is seeking a Third-Party Cyber Risk Specialist to assist in executing the risk management program for third-party vendors and service providers. This position includes conducting comprehensive risk assessments, ensuring compliance with Cboe and industry security standards, monitoring vendor relationships, and addressing client due diligence inquiries to mitigate potential risks to the organization. Cboe's Third Party Cyber Risk Specialist will specifically focus on cyber threats and vulnerabilities within the third-party ecosystem. Candidates must be able to quickly adjust to changing priorities and adapt to an evolving business environment.

Your responsibilities will be:

  • Manage incoming client requests (such as assessments, questionnaires, etc.), prioritize and triage requests to appropriate teams, and validate non-disclosure agreements.


  • Facilitate communication between business, legal, technology, and information security teams to validate questionnaire responses and fulfill general requests related to controls defined by Cboe's standards and policies.


  • Serve as a point of contact for internal stakeholders for client due diligence inquiries, ensuring timely and accurate responses.


  • Function as the subject matter expert for the response management software used for managing and responding precisely and quickly to client due diligence questionnaires.


  • Manage and maintain a standardized library of responses for client due diligence questionnaires, ensuring accuracy and consistency.


  • Collaborate with internal experts to update and refine responses as needed.


  • Assist team with onboarding new vendor relationships.


  • Collect, review, and process information and documentation from third party vendors/suppliers.


  • Conduct third-party risk assessments and due diligence reviews. Analyze security information to identify significant control or security gaps and report findings to senior team members.


  • Perform comprehensive security reviews of potential and existing third-party vendors using questionnaires and security tools to evaluate their cybersecurity controls and identify potential risks.


  • Analyze identified risks from third parties and prioritize them based on their potential impact and likelihood of occurrence; create remediation plans accordingly.


  • Continuously monitor third-party vendors' security posture through regular assessments, vulnerability scans, and incident reporting to maintain a consistent level of security.


  • Coordinate with internal security team to respond to cyber incidents involving third-party vendors, providing necessary support for investigation and remediation.


  • Assist with regulatory exams by obtaining documentation and drafting responses to regulator inquiries.


  • Perform additional activities as needed.


The ideal candidate has

  • Bachelor's Degree or equivalent work experience in a relevant field.


  • 3+ years' experience in third-party risk management, vendor management, security incident response, cyber management or comparable field required.


  • Strong understanding of cybersecurity principles, including application security, access control, and incident response. Knowledge of compliance and regulatory frameworks (e.g., NIST, SOC 2, GDPR, ISO 27001).


  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-function teams.


  • Ability to work independently and manage multiple assignments/projects simultaneously.


  • Experience conducting vendor risk assessments.


  • Experience with third party/vendor risk management platforms is a plus.


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-CP2

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 $84,150-$108,900, 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 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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