Quantitative Analyst, Index Operations

Cboe Global Markets•Chicago, IL

15d•Hybrid

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. Role Overview Quantitative Analyst, Index Operations position sits within the Cboe Global Index (CGI) Operations team. In this role, the Analyst will support the day-to-day maintenance of the Cboe US Indices on a real time and end of day calculation, as well as the monitoring of index delivery and distribution in a timely and accurate manner. The team is responsible for data administration/QA, product sales support, product research and change-management activities for its U.S. Index business, including CGI’s theoretical options pricing service. The role will be primarily focused on derivatives-based strategies but will include US equity indices as well. This role will perform activities related to full operational support for daily index maintenance. The position will report to Sr. Manager of U.S. Index Operations. Location: Selected candidate must be willing to work a hybrid schedule in our Chicago or NYC office.

Requirements

Bachelor’s degree and at least 2 years of experience in financial markets or related field.
Strong operational mindset and methodical approach to problem-solving
Effective interpersonal and communication skills; solid writing skills is a must
Must be self-motivated and have the ability to work independently as well as part of a team, with proactive advancement of assigned work and problem solving.
Experience with MS-Office, particularly advanced skills with MS-Excel

Nice To Haves

Derivatives experience a plus
Intermediate experience working with R, Python, and/or other object-oriented programming language is a plus
Experience in solving complex modelling problems and “de-bugging”
Ability to interpret and apply mathematical index methodologies to real-world situations

Responsibilities

Day-to-day responsibility for the smooth operation of U.S. Derivatives and Equity based Index calculation and dissemination in an accurate and timely manner
Timely resolution of issues in co-ordination with relevant third parties and internal Cboe departments
Perform periodic rebalances of Cboe US Indices in accordance with relevant timetables and provide client support related to rebalance events
Perform validation processes as documented in controls with appropriate evidencing and record-keeping, this includes daily index value reporting, corporate action and dividend monitoring
Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue.
Present ideas to automate and streamline index operation processes and develop tolling accordingly
Work collaboratively with other Cboe departments, third parties and vendors on new index launches and enhancements
Provide first class Client Support e.g., on-boarding, query handling and price challenges in a timely manner
Maintain and support detailed written standard operating procedures for daily processes
Record and maintain data for Key Performance Indicators, alerts and validation monitoring for potential errors in index calculations and dissemination
Participate in technical and methodological change-management processes related to index calculation and distribution
Run daily replication and calculation models and debug as needed within specific timeframes
Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue
Learn about theoretical options pricing and run basic modeling exercises
Performs other related duties as required or requested

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