C

Cboe

Operates exchange networks for derivatives trading

Senior Manager of Network Engineering

Full-TimeUpdated on 10/23/2026
$144.5k - $233.8k+ Annual incentive compensation + Long-term equity programs
Expert
Chicago, IL, USA+3 moreMore locations: Kansas City, MO, USA | New York, NY, USA | Overland Park, KS, USA
HybridFour days in the office each week; mostly on-site locations.
IT OperationsNetwork Engineering & Administration
No H1B Sponsorship

About the job

Requirements
  • At least 10 years of progressive network engineering experience in low-latency, mission-critical environments, including at least 3 years in a leadership or management capacity.
  • Deep expertise in low-latency network design and optimization, including switching behavior, buffering, and techniques for deterministic performance at scale.
  • Advanced knowledge of Layer 2 and Layer 3 protocols, including BGP, OSPF, MPLS, VXLAN, multicast (PIM-SM), and resilient traffic engineering across global networks.
  • Ability to design, scale, and operate complex, highly available network infrastructure where performance and reliability are critical to the business.
  • Track record of leading and developing engineering teams, mentoring senior engineers, driving technical standards, and building an accountable, high-performance culture.
  • Experience leading large, complex projects from research and design through implementation with disciplined execution and operational rigor.
  • Hands-on experience with network automation using Python and API-driven approaches.
  • Understanding of network security principles, including segmentation, access control, and secure design practices in enterprise and trading network environments.
  • Experience managing competing priorities in a fast-paced environment and aligning engineering work to business needs under pressure.
  • Ability to articulate technical strategy, risks, and trade-offs to engineering teams and senior leadership.
  • Experience working with distributed teams and partnering across infrastructure, security, and application organizations.
  • Familiarity with architecture standards, technical documentation, and, where applicable, regulatory or audit materials.
Responsibilities
  • Lead, mentor, and develop a high-performing network engineering team, fostering technical excellence, accountability, and disciplined engineering practices across a global, multi-region environment.
  • Drive strategic network initiatives from concept through execution, including pre-implementation research, design validation, vendor evaluation, and production deployment.
  • Own the architecture and long-term evolution of low-latency trading network infrastructure, guiding decisions on topology, routing, performance optimization, and scalability.
  • Partner with Principal Engineers and other senior technical contributors to lead complex design efforts, validate architectural decisions, and raise the organization's technical standards.
  • Manage a dynamic project portfolio and reprioritize work based on business needs, market events, and operational risk while maintaining alignment with strategic initiatives.
  • Collaborate with infrastructure, security, cloud, and application teams to deliver integrated, reliable, secure, high-performance connectivity.
  • Establish and enforce operational practices, including change management, validation procedures, incident response expectations, and post-implementation reviews.
  • Support and influence network automation strategy using scalable, maintainable Python and API-driven tooling.
  • Oversee vendor relationships and hardware/software evaluations, including RFPs, proof-of-concept testing, and critical design reviews.
  • Serve as a senior escalation point for complex network issues and lead high-impact troubleshooting through timely resolution.
  • Contribute to budgeting and capacity planning for network infrastructure, aligning investments with performance needs and business growth.
  • Define and maintain engineering standards, architecture documentation, and technical processes, including regulatory-facing documentation where required.
  • Balance long-term architectural direction with immediate operational priorities in a fast-paced, evolving environment.
Desired Qualifications
  • Cisco CCIE (Routing & Switching or Data Center) certification, or equivalent expert-level experience.
  • Arista, Juniper, or other advanced networking certifications.

About the company

Cboe Global Markets operates an exchange network that lists and trades a wide range of financial instruments, including global derivatives, foreign exchange, digital assets, and securities. Its platform matches buy and sell orders, clears and settles trades, and earns revenue from transaction fees and market data. The company serves institutional investors, retail investors, and financial intermediaries through a global infrastructure that facilitates trading and data services. Unlike firms that focus on a single asset class, Cboe offers multiple asset classes and a long history (over 50 years) to provide broad market access and reliable infrastructure. The goal is to power the global economy by creating inclusive markets and helping investors build sustainable financial futures, while also supporting community growth and employee development.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1973

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Simplify's Take

What believers are saying

  • Q2 2026 net revenue hit $731.6 million, up 25%, led by options.
  • June 2026 options volume set records; daily multi-listed options reached 16.6 million.
  • Cboe launched Mini-SPX binary contracts and targets September 2026 KPI contracts.

What critics are saying

  • Kalshi challenged Cboe's corporate KPI contracts in August 2026, delaying launch.
  • SEC proceedings still cloud VIX future-option orders and Cboe's new product approvals.
  • Cboe depends heavily on S&P index options; a licensing dispute would cripple revenue.

What makes Cboe unique

  • Cboe owns VIX and S&P options franchises, anchoring unique volatility liquidity.
  • Its multi-asset network spans options, equities, futures, FX, and digital assets.
  • Cboe's exchange and clearing stack supports new event contracts faster than peers.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Hybrid Work Options
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Sick Leave

Growth & Insights and Company News

6 month growth

13%

1 year growth

13%

2 year growth

13%
Yahoo Finance
Oct 24th, 2026
Cboe adds $550M to share buyback capacity and keeps $0.86 quarterly dividend

Cboe Global Markets has declared a fourth quarter 2026 cash dividend of $0.86 per share, payable on December 15 to investors of record on November 30. Its board also approved an extra $550 million of share repurchase capacity, with no set expiry. The exchange operator reported second quarter net revenue of $731.6 million. The buyback gives it flexibility over the timing and method of repurchases. Cboe earns its money from options, futures and FX trading, along with market data and access fees. It posted a 24.1% return on equity, though forecasts point to 4.1% annual earnings growth and declining revenue. Community fair value estimates range from $143 to $328 per share.

PR Newswire
Oct 16th, 2026
Cboe hires PNC veteran Catherine Grover as chief human resources officer

Cboe Global Markets will hire Catherine Grover as executive vice president and chief human resources officer, effective November 16, 2026. She will be based in Chicago and report to chief executive officer Craig Donohue. Grover will oversee Cboe's global human resources function, aligning talent and workforce strategies with the company's next phase of growth. She joins from PNC Financial Services Group, where she spent more than 29 years in HR leadership and business roles. Most recently, she was executive vice president of human resources, leading teams that supported about 55,000 employees. "Cathy's experience will help us continue building the leadership, talent and organizational capabilities needed to support our ambitions," Donohue said.

Yahoo Finance
Oct 11th, 2026
Cboe shares jump 12.1% as S&P 500 options licence extended to 2051 and KPI binaries planned

Cboe Global Markets extended its exclusive licence for S&P 500 Index options with S&P Dow Jones Indices through 2051. The 25-year renewal reduces the risk of losing its flagship index options business. Cboe also plans to launch binary contracts tied to company-specific key performance indicators. They would initially cover 23 major US-listed stocks and be cleared through Cboe Clear U.S., subject to regulatory approval by the Securities and Exchange Commission. Cboe shares are up 12.1% after the announcements. The KPI contracts look incremental rather than a near-term earnings driver. Competition and fee pressure remain risks to Cboe's core economics.

Yahoo Finance
Sep 4th, 2026
Cboe and Nasdaq on track for record options trading volume for seventh consecutive year

The US options market is set for a seventh consecutive record year, with leading exchange operators Cboe Global Markets and Nasdaq reporting strong growth. Cboe posted record second-quarter 2026 results, with net revenue rising 25% year-over-year to $732 million. Its derivatives business drove growth, with index options average daily volume up 32% to 6.2 million contracts. Nasdaq reported $1.5 billion in net revenue for the same period, up 15%. Its index options revenue more than doubled for the fourth straight quarter, whilst index exchange-traded product assets under management crossed $1 trillion. Both exchanges are expanding beyond core offerings. Cboe recently launched Cboe Predicts, featuring binary options on the Mini-S&P 500 Index. It's also developing company-specific key performance indicator contracts, pending regulatory approval.

Yahoo Finance
Aug 21st, 2026
Cboe Global Markets raises 2026 outlook after Q2 revenue hits record $731.6M

Cboe Global Markets reported strong Q2 fiscal 2026 results on 31 July, with net revenue rising 24.6% to a record $731.6 million. The Chicago-based exchange operator's adjusted diluted earnings per share increased 44.7% to $3.56, driven by a 30% surge in Options segment revenue. The company raised its 2026 organic total net revenue growth guidance to "mid to high teens" from "low double-digit to mid-teens". Analysts expect diluted EPS to grow 29.2% year-over-year to $13.78 for fiscal 2026. Cboe shares have gained 16.7% over the past year and are up 17.12% year-to-date in 2026, outperforming the S&P 500's 11.6% gain this year. Of 18 analysts covering the stock, the consensus rating is "Hold", based on three "Strong Buys", 12 "Holds", and three "Strong Sells".