Senior Pricing Analyst, Derivatives Pricing, Incentives and Analytics

CME Chicago Mercantile Exchange Inc.; Chicago (IL); On-site; USD 85,000 - 142,000; Full time

Job summary

CME Group seeks a Senior Pricing Analyst to drive pricing strategy and growth initiatives across derivative markets in a data-driven manner. You will analyze market trends, client behavior, and pricing actions to optimize revenue and market health.

Collaborating with Finance, Legal, Technology, Clearing, and Market Regulation, you will design dashboards and systems to monitor program performance and diagnose market issues with high precision.

Qualifications

• B.A., B.S., or higher in Economics, Mathematics, Finance, Statistics, or a related quantitative field.
• 3–5 years of pricing, financial analysis, derivatives, trading, or competitive market analysis.
• Experience manipulating large datasets using Python, R, and SQL for pricing and market analysis.
• Strong written and verbal communication skills and ability to summarize complex pricing analyses for stakeholders.

Responsibilities

• Support development and execution of pricing strategy and growth initiatives.
• Analyze market structure trends, client behavior, and pricing actions.
• Collaborate with Finance, Legal, IT, and other teams to roll out incentive and market-making programs.
• Design and maintain analytical dashboards to track program performance and market health.

Skills

Pricing

Quantitative analysis

Python

R

SQL

Data analysis

Attention to detail

Communication

Stakeholder management

Education

Bachelor's degree in Economics/Math/Finance/Statistics

Tools

Python

R

SQL

Job description

The Senior Pricing Analyst 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. The Senior Pricing Analyst 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. 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. Support 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. Demonstrate strong initiative-taking by proactively identifying data anomalies, proposing pricing process improvements, and unearthing 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 Financials, Commodities, 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.

Qualifications

B.A., B.S., or higher, preferably in Economics, Mathematics, Finance, Statistics, or a related quantitative field. 3-5 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 cross-functional relationships across finance, technology, clearing, and legal teams.

The pay range for this role is $85,100-$141,800. 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.

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) accompanied 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.