Quantitative Index Operations 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

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