Mgr Pricing

CME Group; Chicago (IL); On-site; USD 109,000 - 181,000; Full time

Benefits offered by this job

Annual bonus

Equity program

Health benefits

Retirement plan (401k & pension)

Education reimbursement

Paid time off

Mental health benefits

Job summary

CME Group in Chicago seeks a Manager Pricing to develop and execute pricing strategy, driving market health and growth initiatives across derivatives.

You will lead quantitative analysis, model pricing actions, incentives, and market-making programs, while mentoring junior staff and coordinating cross-functional teams in Product, Technology, Clearing, Legal and Finance. Strong Python/R and SQL skills are required; a track record of influencing pricing decisions is essential.

Qualifications

• BA/BS in economics, mathematics, finance, statistics or related quantitative field.
• 6-8 years in pricing, financial analysis, derivatives, or market analysis.
• Strong attention to detail with pricing models and problem solving.
• Experience with Python, R, and SQL is highly desirable.

Responsibilities

• Partner with leaders to price and manage growth incentives and market-making programs.
• Design detailed analysis of market activity to diagnose issues and assess liquidity.
• Lead rollout of incentive programs reflecting market shifts and product strategies.
• Measure metrics to assess program performance and market health.
• Mentor juniors and drive pricing process improvements.
• Coordinate approvals and reporting across stakeholders.
• Build analytical tools to assess revenue and market health.
• Perform complex analyses on large datasets to monitor trends.
• Summarize competitive and regulatory developments affecting CME Group markets.

Skills

Pricing analysis

Quantitative modeling

Market structure analysis

Stakeholder communication

Leadership

Education

BA/BS in Economics/Mathematics/Finance/Statistics or related field

Tools

Python

R

SQL

Job description

The Manager Pricing will support the development and execution of CME Group's pricing strategy, with a focus on promoting derivatives market structure health and advancing key growth initiatives. In addition to guiding the development of junior team members, the Manager Pricing will be responsible for conducting quantitative analysis, identifying market structure trends, evaluating client behavior, and assessing potential pricing actions, incentives, and market-making programs that drive CME Group's revenue growth.

Principal Accountabilities

• Partner with business leaders across derivatives markets and services to support the pricing, development, design, performance tracking, and management of growth incentives and market-making programs.
• Design and execute detailed analysis of market and client activity to diagnose specific market issues, evaluate liquidity, and identify potential incentive programs to address business opportunities.
• Lead the rollout and administration of incentive and market-making programs reflecting broad industry shifts, product strategies, and evolving customer needs.
• Measure and track key metrics to assess program performance, motivate participant behavior, and evaluate resulting impacts on overall market health.
• Execute with extreme attention to detail to ensure high accuracy across complex pricing models, operational program setups, and performance tracking dashboards.
• Mentor junior team members through proactively driving pricing process improvements, and prospective growth opportunities without waiting for explicit direction.
• Coordinate the operational approval, setup, and performance management reporting for multiple derivatives markets, collaborating with stakeholders across Product Management, Technology, Clearing, Legal, Market Regulation, and Finance.
• Build and maintain analytical tools to evaluate enterprise revenue and market health, synthesizing results into actionable recommendations for business leaders.
• Execute complex analysis on large datasets using statistical and mathematical techniques to monitor market trends, pricing strategies, and program efficiency.
• Track and summarize competitive industry developments, regulatory changes, technology shifts, and emerging execution models affecting CME Group markets.

Skills and Qualifications

• B.A., B.S., or higher, preferably in Economics, Mathematics, Finance, Statistics, or a related quantitative field.
• 6-8 years of work experience in pricing, financial analysis, derivatives, trading, or competitive market analysis.
• Proven track record of high attention to detail when analyzing complex datasets and building pricing models, combined with a strong history of initiative‑taking in problem‑solving.
• Advanced quantitative and analytical skills.
• Experience manipulating large datasets using statistical tools (e.g., Python, R) and database queries (SQL) is highly desirable.
• Strong written and verbal communication skills, with the ability to summarize complex pricing and market analysis clearly for internal stakeholders.
• Excellent interpersonal skills to manage and lead cross‑functional relationships across finance, technology, clearing, and legal teams.

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long‑term investment in their future.

The pay range for this role is $108,700-$181,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant).

Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program.

Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued.

As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Hear more about our employee experience Get a look inside CME Group and see what makes us tick A rewarding career is only the beginning

For U.S. employment, CME Group is legally required to validate a new hire's employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9). CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers. Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies. See posters below for more details. E-Verify Notice E-Verify Notice Español U.S. Right to Work Notice U.S. Right to Work Notice Español