Full-Time

Quantitative Analyst

Index Operations

Posted on 11/25/2024

Cboe

Cboe

1,001-5,000 employees

Global exchange for derivatives and securities trading

Crypto & Web3
Financial Services

Compensation Overview

$84k - $138kAnnually

Entry

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

Flex hybrid position in Chicago or New York.

Category
Quantitative Analysis
Quantitative Research
Quantitative Finance
Required Skills
Python
R
Requirements
  • BS degree preferred with 0-3 years financial markets experience in a related capacity. Or equivalent experience in lieu of degree.
  • Derivatives experience a plus
  • Strong operational mindset and methodical approach to problem-solving
  • Intermediate experience working with R, Python, and/or other object-oriented programming language is a plus
  • Experience in solving complex modelling problems and “de-bugging”
  • Ability to interpret and apply mathematical index methodologies to real-world situations
  • Effective interpersonal and communication skills; solid writing skills is a must
  • Must be self-motivated and have the ability to work independently as well as part of a team, with proactive advancement of assigned work and problem solving.
  • Experience with MS-Office, particularly advanced skills with MS-Excel
Responsibilities
  • Day-to-day responsibility for the smooth operation of U.S. Derivatives and Equity based Index calculation and dissemination in an accurate and timely manner
  • Timely resolution of issues in co-ordination with relevant third parties and internal Cboe departments
  • Perform periodic rebalances of Cboe US Indices in accordance with relevant timetables and provide client support related to rebalance events
  • Perform validation processes as documented in controls with appropriate evidencing and record-keeping, this includes daily index value reporting, corporate action and dividend monitoring
  • Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue.
  • Present ideas to automate and streamline index operation processes and develop tolling accordingly
  • Work collaboratively with other Cboe departments, third parties and vendors on new index launches and enhancements
  • Provide first class Client Support e.g., on-boarding, query handling and price challenges in a timely manner
  • Maintain and support detailed written standard operating procedures for daily processes
  • Record and maintain data for Key Performance Indicators, alerts and validation monitoring for potential errors in index calculations and dissemination
  • Participate in technical and methodological change-management processes related to index calculation and distribution
  • Run daily replication and calculation models and debug as needed within specific timeframes
  • Follow the Incident Management Process after client impacting issues, ensure details are accurately logged, participate in the learning review and bring ideas for mitigating the risk of issues reoccurring or earlier detection of the issue
  • Learn about theoretical options pricing and run basic modeling exercises
  • Performs other related duties as required or requested

Cboe Global Markets operates a comprehensive exchange network that focuses on trading solutions for global derivatives, foreign exchange, digital assets, and securities. The company has over 50 years of experience in providing the necessary financial infrastructure that supports the global economy. Cboe caters to a wide range of clients, including institutional and retail investors, by offering a platform where they can trade various financial instruments. The company generates revenue primarily through transaction fees and market data sales, which distinguishes it from competitors that may focus on different business models. Cboe's goal is to create inclusive markets that allow investors from diverse backgrounds to engage in trading and build sustainable financial futures, while also emphasizing community engagement and employee growth.

Company Stage

IPO

Total Funding

$45M

Headquarters

Chicago, Illinois

Founded

1973

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Simplify's Take

What believers are saying

  • Cboe's launch of Bitcoin options taps into growing cryptocurrency interest.
  • European retail demand for equity options presents growth opportunities for Cboe.
  • Ethereum ETFs on Cboe could boost trading volumes and product offerings.

What critics are saying

  • Competition from platforms like Ufunded.com may divert traders from Cboe.
  • Regulatory challenges could impact the performance of Ethereum ETFs on Cboe.
  • Impairment in digital assets suggests vulnerabilities in Cboe's digital strategy.

What makes Cboe unique

  • Cboe offers a diverse range of trading solutions across multiple asset classes.
  • Cboe's 50-year history provides a strong foundation in global financial markets.
  • Cboe's commitment to community engagement enhances its corporate reputation.

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