Data Science Manager – Derivatives Products

Cedar Cares, Inc; New York (NY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Data Science Manager to lead innovative projects in derivatives products. This exciting role offers the chance to work with advanced statistical models and machine learning techniques, enhancing derivatives risk analytics. You will collaborate with a talented team, contributing to the development of metrics and data views that drive decision-making in financial markets. With a focus on both technical and business aspects, this position promises to deepen your understanding of the financial industry while providing opportunities for professional growth. Join a forward-thinking company that values diversity and fosters a collaborative environment.

Benefits

Medical Coverage

Dental Coverage

Vision Coverage

Paid Time Off

Retirement Savings Plan

Employee Stock Purchase Plan (ESPP)

Qualifications

• 5+ years of experience in the financial industry with statistical modeling.
• Strong proficiency in Python, R, and SQL for data analysis.

Responsibilities

• Apply predictive analytics to assess model integrity and reliability.
• Collaborate with development teams to create quality engineering tools.

Skills

Statistical Modeling

Predictive Analytics

Programming in Python

SQL

Communication Skills

Education

Masters in Statistics or related field

Tools

R

Java

Job description

Data Science Manager – Derivatives Products

Job Description:

Building trusted markets — powered by our people.

Company Overview

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.

The Cboe Data Vantage group seeks a Data Science Manager to join our team. Data Vantage provides derivatives valuation, risk analytics, and margin services that enable institutional clients to manage derivatives risk and enhance and support investment strategies.

This role will focus on our global real-time option model fitting processes that apply models including binomial, SABR, and MJD and use machine learning for real-time calibration. This is an opportunity to advance one’s knowledge of the derivatives markets, gain hands-on exposure to a uniquely vast amount of analytic data, and to work within a team with deep experience in financial markets and computer science who are committed to improving information in the financial markets.

Location: NYC or Chicago (flex hybrid)

Responsibilities

• Apply statistics including use of predictive analytic methods to assess the integrity, stability, and reliability of the model results over time.
• Propose and develop new metrics and data views that can help us maintain and improve the fitness of our derivatives risk analytics and supporting data processes.
• Collaborate with Development teams to help create Quality Engineering tooling and frameworks. This includes providing R&D results along with specifications and prototypes.

Qualifications

• Masters degree required in a quantitative discipline such as Statistics, Operations Research, Engineering, Physics, Math, or Computer Science.
• Academic and/or industry experience with statistical modeling and predictive analytics.
• 5+ years of experience, ideally in the financial industry with exposure to financial products (e.g., equities and options, fixed income) and could include experience with option pricing models such as Black Scholes, or rates curve bootstrapping and models such as Nelson Siegel.
• Strong proficiency in programming/scripting languages such as Python or R, and SQL is a requirement. Ability to write code and analyze large data sets. Familiarity with Java is a plus.
• Experience with optimization approaches is a plus.
• Communication skills to work effectively with both technical and business side team participants.

Benefits and Perks of working for Cboe Global Markets

• Medical Coverage
• Prescription Drug Coverage
• Additional Medical Benefit
• Dental Coverage
• Vision Coverage
• Spending Accounts
• Life and AD&D Insurance
• Retirement Savings Plan
• Employee Stock Purchase Plan (ESPP)
• Voluntary & Additional Benefits
• Paid Time Off

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our associates' differences, including race, religion, sex, sexual orientation, gender identity, national origin, age, and disability.