Sr Dir Clearing Policy & Market Structure

CME Chicago Mercantile Exchange Inc.; Chicago (IL); On-site; USD 195,000 - 326,000; Full time

Benefits offered by this job

Health coverage

401(k) and pension

Education reimbursement

Paid time off

Mental health benefit

Job summary

CME Group is seeking a Senior Director of Clearing Policy & Market Structure to architect global policy and market structure with a focus on bank capital requirements. You will influence central clearing for securities and derivatives in the U.S. and worldwide, advocating to policymakers and market participants.

You will educate stakeholders, lead enterprise projects, and mentor teams on capital policy, clearing services, and cross‑functional coordination to drive capital-efficient solutions.

Qualifications

• Executive-level understanding of clearing policy and market structure.
• Deep knowledge of SEC and CFTC regulations affecting clearing agencies.
• Experience shaping policy and engaging prudential policymakers.

Responsibilities

• Influence clearing policy and market structures globally and domestically for centrally cleared securities and derivatives.
• Evaluate impacts of clearing proposals and bank capital standards on CME Group’s services, members, and clients.
• Educate internal and external stakeholders on clearing market structures and bank capital developments.
• Champion thought leadership to align clearing services with market structure changes.
• Represent CME Group on external panels and roundtables.
• Oversee regulatory reporting obligations with data owners and compliance for accuracy.
• Mentor clearing house teams on policy and capital requirements to ensure cross-functional coordination.
• Lead enterprise projects implementing capital-saving solutions for clients.

Skills

Senior leadership

Regulatory knowledge

Executive communication

Cross-functional coordination

Bank capital policy

Education

Bachelor's degree or equivalent

Job description

Senior Director of Clearing Policy & Market Structure

As the Senior Director of Clearing Policy & Market Structure, you will act as a strategic architect of global clearing policy and market structure with an emphasis on the impacts of bank capital requirements. This highly visible role requires you to influence central clearing structures for securities and derivatives both in the United States and globally, ensuring that our clearing services and market participants are optimally positioned amidst evolving bank capital standards and accounting treatments. You will drive enterprise-wide advocacy and serve as a premier thought leader on clearing market structure, representing CME Group’s interests to prudential policymakers and market participants.

What You’ll Get

• A supportive environment fostering career progression, continuous learning, and an inclusive culture.
• Broad exposure to CME's diverse products, asset classes, and cross-functional teams.
• A competitive salary and comprehensive benefits package.
• Explore our full range of benefits.

What You’ll Do

Influence clearing policy and market structures globally and domestically for centrally cleared securities and derivatives.

Evaluate the potential impact of clearing structure proposals and bank capital standards on CME Group’s clearing services, its clearing members, and clients.

Educate internal and external stakeholders, including prudential policymakers, on the intricacies of centrally cleared market structures for securities and derivatives and related impacts of the developments in bank capital requirements.

Champion thought leadership in enhancing our clearing services to align with derivatives and securities market structures, considering core clearing, accounting treatment, and bank capital policy challenges.

Represent CME Group’s interests on external panels and roundtables.

Manage the clearing house’s foreign and domestic regulatory reporting obligations, collaborating closely with data owners and compliance to ensure stringent accuracy and quality.

Advise and mentor clearing house team members on clearing policy and market structure, particularly bank capital requirements, to ensure seamless cross‑functional coordination.

Lead enterprise-wide projects focused on implementing innovative, capital‑saving solutions for CME Group’s clients.

What You’ll Bring

Possess a Bachelor’s degree in Economics, Finance, Public Policy, Legal Studies, or equivalent practical experience.

Demonstrate 10–12+ years of progressive leadership within a bank / tier‑one clearing member, financial market infrastructure, central counterparty, or regulatory body market structure and capital policy teams.

Apply comprehensive mastery of SEC and CFTC regulations, particularly clearing agency rules under SEC Rule 17ad‑22 and clearing organization regulations under CFTC Part 39 Regulations.

Exhibit executive‑level oral and written communication, highly‑detailed oriented nature, cross‑functional orchestration, and technical reporting presentation skills.

Leverage deep applied knowledge of bank capital requirements and accounting treatments impacting centrally cleared derivatives and securities markets.

Pay ranges for this role based on location

Chicago: $195,400-$325,600 New York/New Jersey: $195,400-$325,600. 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).

Benefits 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) companied 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.