Index Operations Quant - Automate, Model & Deliver US Indices

Cedar Cares, Inc; Chicago (IL); On-site; USD 98,000 - 127,000; Full time

Benefits offered by this job

Health, dental and vision benefits

401(k) match

On‑site gym

Job summary

Cboe Global Markets in Chicago is seeking a Quantitative Analyst for Index Operations to support day‑to‑day US index maintenance, real‑time calculations, and distribution across clients.

The ideal candidate holds a Bachelor’s degree with 2+ years in financial markets; derivatives experience is a plus. Proficiency in Python/R and Excel, strong problem‑solving, and effective written communication are essential. This role offers collaboration across teams and growth opportunities.

Qualifications

• Bachelor’s degree in finance, economics, or related field.
• 2+ years in financial markets or related field.
• Derivatives experience is a plus.
• Strong analytical and problem‑solving abilities.
• Experience with Python and/or R and Excel.

Responsibilities

• Ensure day‑to‑day operation of U.S. Derivatives and Equity Index calculations with timely dissemination.
• Coordinate with third parties and internal departments to resolve issues.
• Perform periodic rebalances and client support for rebalance events.
• Validate processes and maintain daily index value reporting and governance records.
• Follow incident management, document lessons, and mitigate recurrence risk.
• Suggest automation to streamline index operations and support new launches.
• Collaborate with other departments and vendors on index projects.
• Provide first‑class client onboarding and pricing support.
• Maintain SOPs for daily processes and monitor KPIs and alerts.
• Engage in change‑management for index calculation/distribution.
• Run daily replication/calculation models and perform basic modeling as needed.
• Learn theoretical options pricing and conduct basic modeling.

Skills

Derivatives experience

Operational mindset

Problem-solving

Python

R

Excel

MS Office

Communication

Education

Bachelor’s degree in finance or related field

Tools

Python

R

Excel

MS Office

Job description

Cboe Global Markets in Chicago is seeking a Quantitative Analyst for Index Operations to support day‑to‑day US index maintenance, real‑time calculations, and distribution across clients.

The ideal candidate holds a Bachelor’s degree with 2+ years in financial markets; derivatives experience is a plus. Proficiency in Python/R and Excel, strong problem‑solving, and effective written communication are essential. This role offers collaboration across teams and growth opportunities.