Sr Director, Derivatives Analytics & Execution

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