Quantitative Analyst, Index Operations

Job Description:

Location: Selected candidate must be willing to work a hybrid schedule in our Chicago or NYC office.

Your responsibilities will be:

• 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

Ideal candidate has:

• Bachelor’s degree and at least 2 years of experience in financial markets or related field.
• Derivatives experience a plus
• Strong operational mindset and methodical approach to problem-solving
• 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
• 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 

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

#LI-Hybrid

More About Cboe Global Markets 

We’re reimagining the future of the workplace by focusing on what matters most, our people.  Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.  

Learn more about life at Cboe on our website and LinkedIn. 

Equal Employment Opportunity 

We're proud to be an equal opportunity employer do not discriminate against any employee or applicant for employment based on any legally protected characteristic, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or Veteran status. We are committed to fostering a workplace where all individuals are valued and respected.  

 

This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

 

 

Our pay ranges are determined by a number of factors, including, but not limited to, role, experience, level, and location. The national new hire base pay range for this job in the United States is $89,250-$110,250. This range represents the minimum and maximum base pay the company expects to offer for new hires working in the position full time. If you live in one of the following areas or if you work in a Cboe office in the following areas, the range may be higher according to the geographic differentials listed below:

 

 

Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more!  Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit TOTAL REWARDS @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.