Sr Director, Derivatives Analytics & Execution

Posted:
3/19/2025, 5:00:00 PM

Location(s):
Illinois, United States ⋅ Chicago, Illinois, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Job Description:

Building trusted markets —powered by our people. 

At Cboe, 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 inclusive 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. Our Associate Resource Groups champion diversity, equity and inclusion, giving associates a safe space to network, share ideas and create opportunities.  

 

Sound like the place for you? Join us! 

Location: Chicago office (flex hybrid)

Job Summary

Cboe’s US Option business is seeking a highly motivated Senior Director to drive revenue and market share growth by formulating creative, competitive commercial polices across our markets. Success criteria would include utilizing business, industry, competitive, client and technical expertise to formulate and implement responsible pricing policies.

This role is also key to provide content rich analyses for ad hoc client requests as well as to help measure client efficacy. The analysis will generate important insights for innovation to help inform key business decisions.

This position demands exceptional organizational, analytical, and critical thinking skills.  Additionally, it requires proficiency in researching, interpreting and modelling out commercial policy ideas as well as strong communication with the end client. 

Your responsibilities will be:

  • Develop and manage the commercial policy pipeline to actively manage Cboe’s competitive position in the market by:

    • Viewing and understanding volume trends and customer usage

    • Quantifying impact of fee changes & creative idea generation for pricing solutions

    • Understanding trading behavior

    • Evaluating market quality

  • Identify new opportunities and initiate dialogue with clients and internal partners by providing support of one-off analyses and internal analyses

  •  Help design data sources for the Data Platform, reinforce Sigma as the source of visualizations for all types of company data

  • Provide regular updates on pricing initiatives, forecasts and key performance metrics to stakeholders

  • Assessing effectiveness and impact of new functionality and new products.

  • Collaborate with cross-functional teams to define and implement processes supporting the business and deliver analytic solutions that meet client’s needs.

  • Stay informed about industry trends, competitive landscape and regulatory developments to anticipate market opportunities and potential challenges.

  • Represent Cboe at Industry conferences and client events to enhance brand awareness and foster new business opportunities

  • Uphold the highest standards of professionalism, integrity and ethical conduct in all interactions with clients, colleagues and stakeholders

The ideal candidate has:

  • 10+ years experience relating to US equity or options market structure is required.

  • Minimum Education Requirement: Bachelor’s degree in mathematics, finance, statistics, financial engineering, data science, or a similar field.

  • Working knowledge of Sigma, Tableau or similar data visualization tools

  • Experience with modelling, statistics and analysis

  • Excellent skills in Microsoft Excel & Word

  • Ability to demonstrate and communicate complicated technical analysis in a business forum

  • Established contact base and influence within target financial institutions is preferred

  • Excellent written and verbal communication skills, with the ability to effectively influence key decision-makers and build trusted internal and external relationships.

  • Innovative problem solver with the ability to quickly identify and understand issues.

  • Self-motivated, driven, results-oriented, and able to thrive in a fast-paced, dynamic environment.

  • Ability to work independently with minimal supervision while also collaborating effectively within a cross-functional team.

Benefits and Perks 

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 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 

  • Flexible, hybrid work environment 

  • 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 

 

More About Cboe 

We’re reimagining the future of the workplace by focusing on what matters most, our peopleOur 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 celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging. 

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 - and celebrate our associates' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status 

#LI-JS1

#LI-HYBRID


 

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 $199,750-$246,750. 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:


 

US Geographic Differentials:

  • 110%: Austin TX, Chicago IL, Denver CO, San Diego CA 

  • 115%: Los Angeles CA, Seattle WA 

  • 120%: Boston MA, Washington DC 

  • 125%: New York City NY  

  • 130%: San Francisco CA 


 

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 moreYour 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.