Quantitative Analyst

Insight Global; Chicago (IL); On-site; USD 95,000 - 130,000; Full time

Job summary

Cboe Global Markets is seeking a Quantitative Analyst for the CGI Operations team in Chicago. The role focuses on day-to-day maintenance of US Indices, data QA, and client support with a strong emphasis on derivatives-based strategies and index calculation accuracy.

The position requires a bachelor’s degree and 2+ years in financial markets, with exposure to Python/R and advanced Excel usage. Collaboration across departments and external vendors is essential, as is a proactive problem-solving

Qualifications

• Bachelor’s degree in finance, economics, mathematics, or a related field.
• 2+ years in financial markets or related field.
• Derivatives experience is a plus.
• Strong problem-solving and analytical abilities.
• Ability to interpret index methodologies and apply them to real-world data.

Responsibilities

• Operate US derivatives and equity index calculations and dissemination daily.
• Coordinate issue resolution with third parties and internal teams.
• Perform periodic index rebalances and support client inquiries during rebalance events.
• Validate processes with proper evidencing and record-keeping (daily index value reporting, corporate actions, dividend monitoring).
• Follow Incident Management processes for client-impacting issues and contribute to post-mortem learnings.
• Automate and streamline index operation processes and contribute to tolling development.
• Collaborate with other departments, third parties, and vendors on index launches and enhancements.
• Provide first-class client onboarding, query handling, and price challenge support.

Skills

Operational mindset

Problem solving

Interpersonal skills

Mathematical modelling

R

Python

Excel

Independent worker

Education

Bachelor’s degree

Tools

R

Python

Excel

Job description

Job Description

Building trusted markets — powered by our people

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 in our Chicago

Your responsibilities will be:

• 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
• Learn about theoretical options pricing and run basic modeling exercises
• Performs other related duties as required or requested

Skills and Requirements

• Bachelor’s degree and at least 2 years of experience in financial markets or related field.
• Derivatives experience a plus
• Strong operational mindset and methodical approach to problem-solving
• 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
• 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.
• Experience with MS-Office, particularly advanced skills with MS-Excel

Diversity and Inclusion

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day.

We are an equal employment opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment without regard to race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances.