Manager, Index Operations
About The Position
Building trusted markets — powered by our people 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 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 US Team Lead with Cboe Global 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.
Requirements
- 8+ years options, equity, financial indexing and/or financial markets experience in a related capacity.
- Managerial experience (team of 2-6) preferred.
- Strong quantitative and programming skills; experience in Python, R, and SQL with preference to Python
- Experience with written documentation of projects
- Strong background in index mathematics: writing, reading methodology formulas
- Ability to solve non-routine problems
- Effective interpersonal and communication skills
- Must be self-motivated and be able to work independently as well as part of a team
- Strong focus on training and onboarding new employees
- Bachelors degree in Engineering, Mathematics, Computer Science or related field required
- Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.
Nice To Haves
- Advanced degree preferred.
Responsibilities
- 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
- Work collaboratively with other Cboe departments on new index and benchmark launches, leading the post-launch support function
- Work on enhancement initiatives to support robust and scalable processes in line with established control framework
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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
