Director, Regulation

Cboe Global Markets•Chicago, IL

5d•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. The Director oversees teams responsible for the timely analysis of trading data, assessment of alerts, research of potential issues, and determination of appropriate regulatory dispositions. As the final authority on alert outcomes, the Director evaluates evidence, distinguishes normal market dynamics from actionable misconduct, and ensures all analysis work meets quality standards expected for potential enforcement action. This role also drives innovation in surveillance methods and technology. The Director manages the exception‑generation process, identifies enhancements to automated surveillance tools, and develops new analytical concepts to detect emerging forms of market manipulation. Acting as a bridge between Regulatory leadership and technology partners, the Director translates complex market behaviors into clear requirements for new or improved RegTech capabilities. Strong leadership is essential. The Director develops and mentors managers and analysts, ensuring adherence to industry standards and regulatory expectations. Regular team meetings are used to monitor alert status, resolve operational impediments, and maintain efficient workflows without compromising analytical depth or quality. Cross‑functional collaboration is central to the role. The Director works closely with Regulatory Development, Options Investigations, Enforcement, and other internal partners to support case handoffs, refine processes, and advance strategic regulatory initiatives. The Director also interacts professionally with external stakeholders, including responding to inquiries from the SEC and participating in audits, discussions, and special projects as assigned.

Requirements

Bachelor’s degree required; Economics, Business, Accounting, Finance, or related field preferred.
Minimum of 8 years of financial industry experience, including relevant trading floor experience; market regulation or broker‑dealer experience preferred.
Advanced knowledge of derivatives markets and a working understanding of related financial markets.
Strong understanding of trading procedures, Exchange Rules, and obligations under the Securities Exchange Act of 1934.
Demonstrated leadership experience with the ability to manage and motivate staff.
Exceptional analytical skills with the ability to employ both quantitative and qualitative methods.
Strong written and verbal communication skills with proven ability to interact effectively with internal and external stakeholders.
Excellent organizational skills and attention to detail.
Proficiency with Microsoft Office or similar applications; experience with trade surveillance software is a plus.

Responsibilities

Ensure continuous analyst presence and direct observation in the Index and Equity Options trading crowds to detect potential violations of Exchange Rules and SEC regulations.
Lead teams performing in‑depth analysis of trading activity and market data, ensuring timely identification and evaluation of regulatory concerns.
Serve as final decision‑maker on alert review disposition, determining sufficiency of analysis and approving next steps in the escalation process.
Oversee development, tuning, and enhancement of automated surveillance exceptions; identify gaps and drive improvements.
Collaborate with technology partners to translate regulatory needs into clear system requirements for new or enhanced surveillance tools.
Develop new surveillance concepts and analytics to identify emerging forms of market manipulation.
Provide leadership, mentorship, and performance management for managers and analysts; ensure strong regulatory and industry knowledge across the team.
Conduct regular team meetings to monitor workload, address bottlenecks, and ensure high‑quality case work.
Partner with Regulatory Development, Options Investigations, and Enforcement to support coordinated regulatory action and process improvements.
Engage with internal staff, external stakeholders, and regulatory bodies; assist in responding to SEC or SRO inquiries.
Participate in cross‑functional initiatives and special projects as assigned.

Benefits

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
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
Paid Time Off