Senior Analyst, Enterprise Risk

Cboe Global Markets, Inc.; Chicago (IL); Hybrid; USD 108,000 - 139,000; Full time

Benefits offered by this job

401(k) match

Health benefits

Paid time off

Tuition assistance

Employee stock purchase plan

Job summary

Cboe Global Markets is seeking a Senior Risk Analyst to join the Enterprise Risk Management (ERM) team. You will advance the organization’s risk culture, mature its second line ERM function, and collaborate with first line and Internal Audit to ensure risks are identified, assessed and managed.

The role reports to the Senior Director, ERM and follows a four day in-office work model, supporting risk governance and data maturity across GRC processes.

Qualifications

• Bachelor's degree or higher in a related field.
• 4+ years of operational or enterprise risk management experience.
• Experience with GRC tools and governance activities.
• Ability to provide independent, credible challenge to risk owners.

Responsibilities

• Lead and contribute to second line risk activities to mature the risk framework.
• Collaborate with ERM, Internal Audit and Compliance to enhance risk monitoring and metrics.
• Serve as a second line reviewer, challenging first line risk owners.
• Facilitate RCSAs across units, assess risk ratings and remediation plans.
• Review classification, root cause analysis and validation of issues.
• Prepare risk reports and dashboards for leadership and risk committees.
• Maintain risk data in the GRC platform (RCSA, KRI, KPI).
• Advance ERM procedures, manuals and tools to support risk capabilities.

Skills

Risk management

GRC tools

COSO

Data analysis

Communication

Education

Bachelor's degree

Tools

Onspring

Archer

ServiceNow GRC

Jira

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.

Location Overview

Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River. With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.

Role Overview

Cboe Global Markets is seeking a highly motivated and detail oriented Senior Risk Analyst to join its Enterprise Risk Management (ERM) team, contributing to the organization’s strategically important risk culture and focus on organizational resilience. This role plays a key part in advancing Cboe’s commitment to strengthening its three lines, specifically maturing the organization’s second line ERM function. The successful candidate will work closely with the first line and other risk management teams and Internal Audit to ensure that risks are properly identified, assessed, and managed. Additionally, this role will assist in maturing risk-related Governance, Risk, and Compliance (GRC) data, processes, and procedures that support the ERM program. The ideal candidate brings 4+ years of risk management experience gained at a Systemically Important Financial Institution (SIFI) or Systemically Important Financial Market Utility (SIFMU), paired with hands‑on proficiency in governance, risk and compliance (GRC) tools. This role reports to the Senior Director, ERM. To support strong partnership and team connection, this role follows a four day in office work model.

Your responsibilities will be:

• Lead and significantly contribute to second line activities to drive the risk management framework and ongoing maintenance and maturity within the U.S.
• Collaborate with ERM leads, business units and function leaders, Internal Audit, and Compliance to enhance monitoring and reporting of risks by gathering data and assisting in the development of dashboards and risk metrics.
• Serve as an independent second line reviewer, providing effective challenge to first line business units on the identification, assessment and management of risks.
• Facilitate risk and control self-assessments (RCSAs) across business units, evaluating risk ratings, control design and operating effectiveness, evidence sufficiency, and remediation plans, and recommending enhancements as needed.
• Review and challenge the classification, root cause analysis, remediation plans, and validation of self-identified issues, ensuring timely and appropriate resolution.
• Prepare risk information to support clear, well-supported risk reports, dashboards and presentations for senior leadership and risk committees.
• Maintain and enhance risk data within Cboe's GRC platform, supporting risk registers, RCSAs, Key Risk Indicators (KRI), Key Performance Indicators (KPI), incident linkage, and risk acceptances.
• Contribute to the ongoing maturation of Cboe's ERM framework by maturing procedures, risk manuals, job aids, and tools to assist both first and second line in the execution of risk management capabilities.
• Monitor industry trends, regulatory developments and leading practices in enterprise and operational risk management, incorporating relevant insights into Cboe's risk framework.
• Collaborate with Internal Audit, Compliance and other second‑line and control functions to support an integrated, enterprise-wide approach to risk management.
• Facilitate adherence to internal risk policies and procedures and support risk culture and training initiatives across the organization.

The ideal candidate has

• Bachelor's degree; concentration in risk management, finance, business administration or a related field is a plus.
• 4+ years of relevant experience in operational or enterprise risk management, with a strong preference for experience gained at a Systemically Important Financial Institution (SIFI) or Systemically Important Financial Market Utility (SIFMU).
• Demonstrated proficiency and understanding of the principles of Enterprise risk management, control frameworks (e.g., COSO), RCSA methodology, risk metric development, and issue management.
• Hands‑on experience using GRC tools and platforms (e.g., Onspring, Archer, ServiceNow GRC, etc.) to support risk reporting and governance activities.
• Proven ability to provide independent, credible challenge to first line risk owners and to influence risk decisions without direct authority.
• Strong analytical and critical‑thinking skills, with the ability to synthesize complex risk information into clear, actionable insights.
• Demonstrated experience in conflict resolution and in a role where differing points of view are common.
• Excellent written and verbal communication skills, with experience preparing information for risk reporting to senior management and risk committees.
• Strong attention to detail and project management skills, with the ability to manage multiple priorities under competing deadlines.
• Proficiency in Microsoft Office (Excel, PowerPoint, Word).
• Strong ethical values and ability to be a team player.
• Experience implementing or maturing GRC tools and/or operational or enterprise risk management frameworks is a plus.
• Familiarity with the regulatory environment applicable to exchanges, clearinghouses or other financial market utilities (e.g., SEC, CFTC, Federal Reserve) is a plus.
• CRMP or similar certification is a plus.
• Proficiency with Jira and AI tooling is a plus.

Benefits And Perks Of Working For Cboe Global Markets

We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:

• Fair and competitive salary and incentive compensation packages with an upside for overachievement
• Generous paid time off, including vacation, personal days, sick days and annual community service days
• Health, dental and vision benefits, including access to telemedicine and mental health services
• 2:1 401(k) match, up to 8% match immediately upon hire
• Discounted Employee Stock Purchase Plan
• Tax Savings Accounts for health, dependent and transportation
• Employee referral bonus program
• Volunteer opportunities to help you give back to your communities

Some of our associates’ favorite benefits and perks include:

• Complimentary lunch, snacks and coffee in any Cboe office
• Paid Tuition assistance and education opportunities
• Generous charitable giving company match
• Paid parental leave and fertility benefits
• On‑site gyms and discounts to other fitness centers
• Paid Time Off

More About Cboe Global Markets

We’re reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes. Learn more about life at Cboe on our website and LinkedIn.

Equal Employment Opportunity

We're proud to be an equal opportunity employer who does not discriminate against any employee or applicant for employment based on any legally protected characteristic, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or veteran status. We are committed to fostering a workplace where all individuals are valued and respected.

This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

Salary Ranges (applicable for US locations only)

At Cboe, we are committed to providing a competitive, transparent, and market‑informed total rewards program. The anticipated base salary range for this role is $107,525-$139,150, with actual compensation determined by job‑related factors such as skills, relevant experience, education, internal alignment, and location.

This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long‑term equity programs.

Additional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.