Senior Director – Market Data Administration

Cedar Cares, Inc; Chicago (IL); On-site; USD 234,000 - 303,000; Full time

Benefits offered by this job

Health insurance

401(k) match

Paid time off

Volunteer opportunities

Job summary

Cboe Global Markets is seeking a leader to manage all facets of our Market Data Administration, including onboarding, licensing, reporting and billing. This role will set direction for processes, technologies and the supporting team while driving efficiency and compliance.

The ideal candidate has deep market data knowledge, strong communication with regulators and distributors, and hands-on experience with data licensing and fees.

Qualifications

• 7+ years of experience managing clients and external business relationships.
• 10+ years of management and people leader experience.
• 12+ years of financial market data and derivatives industry experience.
• Bachelor's Degree in Business, Economics or related field required, Master's degree preferred.
• Thorough knowledge of DataBP application is preferred.

Responsibilities

• Oversee and manage market data administration functions, including onboarding, licensing, reporting and billing.
• Develop audit plans and criteria for audit selection; perform data compliance reviews.
• Set targets and track progress toward annual compliance targets.
• Lead a team and provide performance feedback and reviews.

Skills

Client management

Leadership

Data analysis

Communication

Strategic thinking

Education

Bachelor's Degree in Business, Economics or related field

Master's degree preferred

Tools

DataBP

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.

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

This role has responsibility for managing all facets of our Market Data Administration function, including customer/vendor onboarding, licensing, reporting, compliance and billing. The person will be responsible for managing and setting direction for all processes, technologies and supporting team. Identification of opportunities for process improvement, automation and leveraging technologies will be essential. Responsibilities will also include developing audit plans and criteria for audit selection and perform data compliance reviews and audits of data recipient compliance with Cboe data agreements and policies. Sets targets and tracks progress toward annual compliance targets and supporting associated Data Vantage budgets. This position reports to the VP, Head of Market Data.

Your responsibilities will be:

• Execute administrative and operational functions for Cboe's Market Data Administration, including RMA and CGIF data products
• Implement DataBP, maintain relationship and develop roadmap for future improvements and features.
• Generate necessary business intelligence on Cboe market data customers and vendors to support overall product direction, pricing/fees, policies, etc.
• Manage team members, set performance goals and deliver associated feedback and performance reviews
• Represent Cboe and be an active participant in market data industry associations, conferences and industry best practice discussions.
• Oversee and manage data subscriber and distributor onboarding and reporting.
• Provide necessary support to regulatory filings
• Provide necessary input and support to AP, AR and GL functions.

The ideal candidate has Expert knowledge of market data principles and policies and a thorough knowledge of the equity and derivative trading industry. Ability to communicate the intricacies of specific Cboe market data policies to regulators, global distributors, banks and trading firms. Ability to analyze complex and unique data usage scenarios in order to apply appropriate licensing and fees for data vendors and subscribers. Demonstrates hands-on experience using artificial intelligence techniques and agents to create efficiencies and develop innovative analysis. Working knowledge with market data administration tools and technologies.

• 7+ years of experience managing clients and external business relationships.
• 10+ years of management and people leader experience.
• 12+ years of financial market data and derivatives industry experience.
• Bachelor's Degree in Business, Economics or related field required, Master's degree preferred.
• Thorough knowledge of DataBP application is preferred.

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

#LI-CS

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 $233,750-$302,500, 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. Cboe is always looking for intelligent, innovative and hard-working individuals. Our success is based on our talented team of industry and technology professionals, which we believe is the strongest in the industry, and we pride ourselves on hiring the best and brightest.

Cboe Global Markets is an Equal Opportunity Employer.

For more information, please click the following links: Equal Employment Opportunity is The Law (in English) Equal Employment Opportunity is The Law (in Spanish) Equal Employment Opportunity is The Law (Supplement) E-Verify Participation Poster (English & Spanish) Right to Work Poster (English) Right to Work Poster (Spanish)

If you have been contacted about a job opening at Cboe by someone that does not have a @cboe.com email, this is NOT a trusted source.

Cboe only utilizes emails from @cboe.com or Linkedin messaging for recruitment purposes.

Cboe does not use any other third-party messaging applications.

We recommend that you refrain from responding to Cboe recruitment emails that are not from a cboe.com email address and to file a complaint with the Internet Crime Complaint Center IC3 at https://www.ic3.gov/.

If you have further questions, please reach out to the Cboe HR team at [e-mail]