Sr Investigator

Cedar Cares, Inc; Chicago (IL); Hybrid; USD 98,000 - 127,000; Full time

Benefits offered by this job

Competitive salary

Hybrid work environment

Health, dental and vision benefits

401(k) match

Paid time off

Job summary

Cboe Global Markets in Chicago, IL is seeking a Senior Investigator for Regulation within the Futures SEF Regulatory team. You will lead surveillance reviews and investigations to assess potential rule violations, applying regulatory knowledge to complex cases.

The role emphasizes independent case management, mentoring junior staff, and cross-functional collaboration to strengthen market integrity and regulatory compliance.

Qualifications

• Bachelor's degree or equivalent required in Finance, Law, Accounting, Economics, or related field.
• 3–5 years in derivatives/regulatory environment or investigative field.
• Experience with surveillance analysis or investigations, independently handling complex matters.
• Familiarity with SROs (CFTC/NFA/SEC/FINRA) preferred.
• Strong written and verbal communication; ability to present findings to management.

Responsibilities

• Conduct surveillance and analysis of order entry and trading activity to detect potential violations.
• Lead investigations from inception to conclusion with clear memos and evidence-based conclusions.
• Mentor junior staff and share investigative techniques.
• Collaborate cross-functionally to improve surveillance processes and regulatory programs.
• Present case information to management and Enforcement teams with persuasive findings.
• Maintain organized case files and timely data updates.

Skills

Surveillance analysis

Investigations

SQL

Excel

Regulatory knowledge

Written communication

Mentoring

Project management

Education

Bachelor's degree

Tools

SQL

Power Query

SIGMA

Snowflake

Big Data SQL

SMARTS

VBA

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 with a safe space to network, share ideas and create opportunities.

Role: Senior Investigator, Regulation

The Cboe Regulatory Division (the "Division") is actively seeking a highly motivated, and experienced professional to join our Futures SEF Regulatory team. The Senior Investigator will conduct both pattern based surveillance reviews and investigations to assist in determinations of potential rule violations of Cboe Futures Exchange ("CFE") and Cboe SEF (collectively, the "Exchanges") Rules, along with other applicable rules and regulations governing Exchange Members and Market Participants. An individual in this role applies advanced functional and regulatory knowledge to solve non routine investigative problems, independently leads specialized workstreams from inception to conclusion, and produces analysis and recommendations that others rely upon. The Sr. Investigator will be a recognized resource on the team; someone who brings both the technical expertise to handle complex analysis of surveillance alerts and investigations and the professional acumen to mentor less experienced colleagues and represent the Division in multi stakeholder settings.

Work Location: Office location: Chicago, IL. To support strong partnership and team connection, this role follows a four day in office work model.

Duties and Responsibilities

• Conduct surveillance and analysis of order entry and trading activity on the Exchanges to detect potential violations of CFE and SEF rules and policies, utilizing surveillance systems along with SQL or advanced Excel (Power Query, pivot tables, complex formulas).
• Contribute to new surveillance processes and operational methodologies, including data pipelines, query logic, and tuning of alert thresholds to address evolving regulatory concerns.
• Conduct rule based investigations and to ensure compliance with Exchanges rules; prepare structured memos that clearly lay out evidence, rationale, and conclusions.
• Manage investigations independently from inception to conclusion, meeting expected guidelines and quality standards throughout all stages, including evidence collection, analysis, and case resolution.
• Prepare investigative reports detailing findings in a clear, cohesive, and well supported manner.
• Utilize Division guidelines for style and form, and present complete work product requiring minimal revisions.
• Serve as a mentor and subject matter resource for junior staff; assist management in training and developing less experienced investigators, including reviewing work product, sharing investigative techniques, and providing guidance on regulatory interpretations.
• Collaborate cross-functionally with other relevant teams to enhance surveillance and investigative processes; create solutions that improve team effectiveness and efficiency; and support a cohesive Regulatory Program.
• Present case information to management and Enforcement teams, by articulating investigative findings, evidentiary support, and recommended outcomes clearly and persuasively.
• Actively participate in team projects, discussions, and problem solving, including contributing to the development of new investigative processes and methodologies that address emerging regulatory concerns.
• Participate in training and continuing education opportunities, industry developments, and team meetings to maintain a current and comprehensive understanding of the equities regulatory environment.
• Investigate alerts end to end: triage, validate, enrich with contextual data, reconstruct timelines, and document detailed findings suitable for review and potential escalation.
• Analyze and compile data into meaningful summaries and investigative narratives; maintain organized case files, update working datasets promptly, and make findings accessible to the team.

Requirements

• Education Bachelor’s degree or equivalent required; degree(s) in Finance, Law, Accounting, Economics, Business, or a related field preferred.
• Experience Minimum 3-5 years of experience in the derivatives industry, regulatory environment, compliance, or a related legal/investigative field.
• Demonstrated experience conducting surveillance analysis or managing investigations, with the ability to work independently on complex, non routine matters.
• Experience working with or at a Self Regulatory Organization ("SRO"), the CFTC, NFA, the SEC, FINRA, or a similar regulatory body is strongly preferred.
• Knowledge & Skills Strong working knowledge of U.S. derivatives markets, market structure, and trading operations, including an understanding of the Exchanges’ rules and applicable CFTC rules and regulations.
• Proficiency in analyzing large volumes of trading data to identify patterns, anomalies, and potential violations; experience with data querying tools or trading surveillance platforms is a plus.
• Exceptional written communication skills, including the ability to draft clear, well organized investigative reports with minimal supervision.
• Strong verbal communication skills; ability to present case findings credibly to management, the Enforcement team, and external parties including the CFTC and other SROs.
• High level of analytical ability and sound judgment in evaluating evidence, applying regulatory precedent, and recommending appropriate dispositions.
• Strong organizational skills and attention to detail, with the ability to manage surveillances reviews and multiple active investigations simultaneously under defined timelines.
• Self driven and dependable, able to work effectively and independently with all levels of management and staff; motivated by mission-critical work that improves market integrity.
• Proficiency in MS Office Suite, including Excel; ability to use data analysis tools relevant to trading surveillance is a plus.
• Preferred data stack exposure: SIGMA, Snowflake, and Big Data SQL environments for large scale investigative analysis.
• Extra Credit: Experience with relational databases SQL, Python, VBA, or Access for workflow automation.
• Extra Credit: Experience with SMARTS Trade System Surveillance software.

Benefits and Perks

• 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
• Flexible, hybrid work environment
• 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 programVolunteer opportunities to help you give back to your communities
• 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 do 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.

Cboe Global Markets is an Equal Opportunity Employer.

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 $98,175-$127,050, 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.

Recruitment Communication

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.

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