Quantitative Analyst, Index Operations
About the position
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. Role Overview Quantitative Analyst, Index Operations position sits within the Cboe Global Index (CGI) Operations team. In this role, the Analyst will support the day-to-day maintenance of the Cboe US Indices on a real time and end of day calculation, as well as the monitoring of index delivery and distribution in a timely and accurate manner. The team is responsible for data administration/QA, product sales support, product research and change-management activities for its U.S. Index business, including CGI’s theoretical options pricing service. The role will be primarily focused on derivatives-based strategies but will include US equity indices as well. This role will perform activities related to full operational support for daily index maintenance. The position will report to Sr. Manager of U.S. Index Operations. Location: Selected candidate must be willing to work a hybrid schedule in our Chicago or NYC office.
Responsibilities
• 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
Requirements
• Bachelor’s degree and at least 2 years of experience in financial markets or related field.
• Strong operational mindset and methodical approach to problem-solving
• 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.
Nice-to-haves
• Derivatives experience a plus
• 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
• Experience with MS-Office, particularly advanced skills with MS-Excel
Benefits
• 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
• 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
Apply tot his job
Apply To this Job
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. Role Overview Quantitative Analyst, Index Operations position sits within the Cboe Global Index (CGI) Operations team. In this role, the Analyst will support the day-to-day maintenance of the Cboe US Indices on a real time and end of day calculation, as well as the monitoring of index delivery and distribution in a timely and accurate manner. The team is responsible for data administration/QA, product sales support, product research and change-management activities for its U.S. Index business, including CGI’s theoretical options pricing service. The role will be primarily focused on derivatives-based strategies but will include US equity indices as well. This role will perform activities related to full operational support for daily index maintenance. The position will report to Sr. Manager of U.S. Index Operations. Location: Selected candidate must be willing to work a hybrid schedule in our Chicago or NYC office.
Responsibilities
• 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
Requirements
• Bachelor’s degree and at least 2 years of experience in financial markets or related field.
• Strong operational mindset and methodical approach to problem-solving
• 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.
Nice-to-haves
• Derivatives experience a plus
• 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
• Experience with MS-Office, particularly advanced skills with MS-Excel
Benefits
• 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
• 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
Apply tot his job
Apply To this Job