Manager, Index Operations

Location Overview 

Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River. 

With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas. 

Position Summary 

US Team Lead with Cboe Global Indices (CGI).  The CGI team currently researches, designs, and implements new index strategies supporting both Cboe’s branded indices and client-owned indices.  Manager of Index Operations coordinates the daily calculation, maintenance and validation of CGI’s indices in the US, including client interaction, error handling, presenting to index committees, and evaluating and building validation tools to ensure compliance with control framework.  This role is primarily focused on derivatives and will additionally provide exposure to equities. 

Your responsibilities will be:

• Manage and expand team of index analysts in multiple offices 

• Calculate CGI’s US suite of indices, covering options, as well and iNAVs/IOPVs 

• Support Theoretical Options Pricing Service (TOPS) including process maintenance, validations, jobs aids, price challenges and client support 

• Responsible for team running index validations and quality assurance checks, currently focused on scripting in Python 

• Participate in regular incident review and internal postmortem, suggesting and implementing process improvement 

• Onboard new indices from implementation team, including methodology evaluation for operational feasibility and appropriate validations 

• Participate in index committee meetings to set direction for index methodology enhancements, including suggesting and assisting with market consultations 

• Help establish quality assurance for new calculation types 

• Help establish index calculation standards to enable repeat application of calculation modules 

• Participate in client meetings to show robustness of CGI calculations,  

• Work collaboratively with other Cboe departments on new index and benchmark launches, leading the post-launch support function 

• Work on enhancement initiatives to support robust and scalable processes in line with established control framework 

The ideal candidate has:

• 8+ years options, equity, financial indexing and/or financial markets experience in a related capacity.  Managerial experience (team of 2-6) preferred. 

• Strong quantitative and programming skills; experience in Python, R, and SQL with preference to Python 

• Experience with written documentation of projects 

• Strong background in index mathematics: writing, reading methodology formulas 

• Ability to solve non-routine problems 

• Effective interpersonal and communication skills 

• Must be self-motivated and be able to work independently as well as part of a team 

• Strong focus on training and onboarding new employees 

Education: 

• Bachelors degree in Engineering, Mathematics, Computer Science or related field required    

• Advanced degree preferred.