Director, Derivatives Market Structure and Functionality

Chicago Board Options Exchange • Chicago, IL

73d • $153,000 - $189,000 • Hybrid

About The Position

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 meaningful 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. We strive to provide employees a safe space to network, share ideas and create opportunities. Cboe is looking for a Director to join the Market Structure and Functionality team. This role involves working with internal and external groups to identify, design, and present new functionality, features, products and policies/procedures for electronic and open outcry trading, with focus on the growing retail community.

Requirements

• Undergraduate or master's degree in business, finance, mathematics, computer science, or related field.
• 12 years of experience with 7 years of experience in U.S. derivatives markets or related areas.
• In-depth experience/management at a retail brokerage and thorough understanding of retail customer needs/activities a strong plus.
• Proven track record of success and impact working at an exchange, brokerage, Market-Making, technology or other type of firm within the industry, whether as practitioner or in product, project or team management role.
• Proficiency in Microsoft Office suite.
• Ability to produce and present high quality, effective slide decks.
• Exceptional written and verbal communication skills.

Nice To Haves

• Programming languages (Python, R, C++, MATLAB).
• Query languages (SQL).
• Data visualization software (Tableau, Sigma).

Responsibilities

• Collaborate with technologists, business leaders, project managers, regulators, customers, brokers, and Market-Makers to identify opportunities, with a focus on satisfying retail demand.
• Design and execute new exchange functionality, products, policies and procedures for electronic and floor-based trading platforms.
• Understand volume trends, customer needs, trading behavior, impact of technology and fee changes.
• Develop and manage the market structure pipeline to optimize competitive position, resource utilization and revenue.
• Stay informed about industry trends, competitive landscape, and regulatory developments to anticipate opportunities and challenges.
• Contribute to rigorous data analysis that drives impactful business decisions.
• Integrate AI tools to streamline workflows and enhance solutions.

Benefits

• Medical Coverage
• Prescription Drug Coverage
• Additional Medical Benefit
• Dental Coverage
• Vision Coverage
• 401K or Pension Company Match
• Spending Accounts
• Life and AD&D Insurance
• Retirement Savings Plan
• Employee Stock Purchase Plan (ESPP)
• Voluntary & Additional Benefits
• Paid Time Off

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Administrative and Support Services
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees