Quant Analyst

Job Description:

Who We Are and What We Do:

Cboe is one of the world’s largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. We operate a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable future. Cboe’s culture is unique. Our associates come to work inspired, ready to be part of the next market-defining breakthrough. Everyone has value and we believe in celebrating defining moments together. We pride ourselves on our legacy of championing innovation and revolutionizing markets to benefit all investors. Together, we are working to build one of the world’s largest global equities and derivatives trading networks.

Location: Chicago office (flex hybrid)

Our Team:

The Cboe Regulatory Division is responsible for the oversight of the markets for which it has regulatory responsibility and market participants. The Division endeavors to achieve this goal through effective and efficient surveillance, examination, and investigative programs aimed at detecting and disciplining or preventing violative or otherwise inappropriate behavior.

The Division is actively seeking a highly motivated individual to join our Options Data team and work on new and ongoing data analysis initiatives within the Options Regulation Department.

What You’ll Do:

Quantitative Analysts in the Options Regulation Department are responsible for developing working solutions to augment and extend the Department’s analytical capabilities, including but not limited to analyzing order, trade, position and case data from surveillance and investigative tools.

In this role, you can expect to:

• Analyze complex business and data analysis issues; identify, propose and develop effective solutions
• Create tailored regulatory data analysis reports, analytical solutions and data visualizations using a combination of Python, SQL, Tableau and other technologies
• Work closely with regulatory stakeholders to elicit, define and document detailed requirements and functional specifications that fully capture business processes and accurately define required functionality
• Build and maintain a thorough understanding of Exchange trading and regulatory environments, in areas such as markets, products, relevant rules and regulations, technologies and systems, processes and operational methodologies, while contributing to the design and implementation of new data analysis solutions
• Collaborate and communicate with cross-functional teams, particularly the Options Surveillance and Options Investigations and Regulatory Development teams to enhance or create solutions
• Actively participate in team projects, discussions and problem solving
• Actively participate in training/continuing education opportunities and meetings

What You’ll Need:

• Bachelor’s Degree in computer science, mathematics, data analytics, statistics, economics or similar concentration required
• 2+ years experience in financial modeling, statistics and analysis
• Proficient in Python, SQL, Tableau, MS Excel and MS Word
• Knowledge, interest or desire to learn about global financial markets with an emphasis on derivatives
• Strong analytical and research skills with the ability to analyze technical data
• Innovative problem-solver able to quickly identify, understand and resolve issues
• Resourceful self-starter able to work autonomously and as a team player
• Exceptional written and verbal communication skills
• Excellent organizational and planning skills with the ability to perform a wide variety of tasks simultaneously and change focus quickly
• Experience in a regulatory or compliance environment is preferred

Benefits and Perks 

We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are given at any organization. Still, you should know we offer: 

• 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 program  

• Volunteer opportunities to help you give back to your communities  

 

Some of our associates’ favorite benefits and perks include: 

• 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 

 

More About Cboe 

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 celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging. 

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 - and celebrate our associates' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status

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Our pay ranges are determined by a number of factors, including, but not limited to, role, experience, level, and location. The national new hire base pay range for this job in the United States is $89,250-$110,250. This range represents the minimum and maximum base pay the company expects to offer for new hires working in the position full time. If you live in one of the following areas or if you work in a Cboe office in the following areas, the range may be higher according to the geographic differentials listed below:

 

US Geographic Differentials:

• 110%: Austin TX, Chicago IL, Denver CO, San Diego CA 

• 115%: Los Angeles CA, Seattle WA 

• 120%: Boston MA, Washington DC 

• 125%: New York City NY  

• 130%: San Francisco CA 

 

Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more!  Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit TOTAL REWARDS @CBOE. 

 

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.