Director, Derivatives Market Structure and Functionality

Job Description:

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.

Sound like the place for you? Join us!

Location: Chicago office (flex hybrid)

Cboe is looking for a Director to join the Market Structure and Functionality team. This role involves working with internal and external groups to identify, design, and present new functionality, features, products and policies/procedures for electronic and open outcry trading, with focus on the growing retail community.

The candidate will thrive in a dynamic environment at Cboe's new Chicago headquarters and trading floor. They will interact with top professionals in the derivatives industry and collaborate with technologists, business leaders, project managers, regulators, customers, brokers, and Market-Makers. The role involves identifying, evaluating and implementing innovations for trading functionality, products, processes and policies for electronic and floor-based platforms, focusing on U.S. options and to a lesser extent, CFE futures. The candidate will report to the Head of Derivatives Market Structure and work closely with internal teams and external partners. While the role currently does not include managing others, this may change.

Key Responsibilities:

• Collaborate with technologists, business leaders, project managers, regulators, customers, brokers, and Market-Makers to identify opportunities, with a focus on satisfying retail demand.

• Design and execute new exchange functionality, products, policies and procedures for electronic and floor-based trading platforms.

• Understand volume trends, customer needs, trading behavior, impact of technology and fee changes.

• Develop and manage the market structure pipeline to optimize competitive position, resource utilization and revenue.

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

• Contribute to rigorous data analysis that drives impactful business decisions.

• Integrate AI tools to streamline workflows and enhance solutions.

Qualifications:

• Undergraduate or master's degree in business, finance, mathematics, computer science, or related field.

• 12 years of experience with 7 years of experience in U.S. derivatives markets or related areas.

• In-depth experience/management at a retail brokerage and thorough understanding of retail customer needs/activities a strong plus.

• Proven track record of success and impact working at an exchange, brokerage, Market-Making, technology or other type of firm within the industry, whether as practitioner or in product, project or team management role.

• Proficiency in Microsoft Office suite.

• Ability to produce and present high quality, effective slide decks.

• Exceptional written and verbal communication skills.

Advantageous Skills:

• Programming languages (Python, R, C++, MATLAB).

• Query languages (SQL).

• Data visualization software (Tableau, Sigma)

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 what we offer:

• Medical Coverage

• Prescription Drug Coverage

• Additional Medical Benefit

• Dental Coverage

• Vision Coverage

• 401K or Pension Company Match

• Spending Accounts

• Life and AD&D Insurance

• Retirement Savings Plan

• Employee Stock Purchase Plan (ESPP)

• Voluntary & Additional Benefits

• Paid Time Off

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.

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This position is not eligible for 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 $153,000-$189,000. 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 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.