Manager, Index Operations

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

Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River.

With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.

US Team Lead with Cboe Global Indices (CGI). The CGI team currently researches, designs, and implements new index strategies supporting both Cboe’s branded indices and client-owned indices. Manager of Index Operations coordinates the daily calculation, maintenance and validation of CGI’s indices in the US, including client interaction, error handling, presenting to index committees, and evaluating and building validation tools to ensure compliance with control framework. This role is primarily focused on derivatives and will additionally provide exposure to equities.

• Manage and expand team of index analysts in multiple offices
• Calculate CGI’s US suite of indices, covering options, as well and iNAVs/IOPVs
• Support Theoretical Options Pricing Service (TOPS) including process maintenance, validations, jobs aids, price challenges and client support
• Responsible for team running index validations and quality assurance checks, currently focused on scripting in Python
• Participate in regular incident review and internal postmortem, suggesting and implementing process improvement
• Onboard new indices from implementation team, including methodology evaluation for operational feasibility and appropriate validations
• Participate in index committee meetings to set direction for index methodology enhancements, including suggesting and assisting with market consultations
• Help establish quality assurance for new calculation types
• Help establish index calculation standards to enable repeat application of calculation modules
• Participate in client meetings to show robustness of CGI calculations,
• Work collaboratively with other Cboe departments on new index and benchmark launches, leading the post-launch support function
• Work on enhancement initiatives to support robust and scalable processes in line with established control framework

• 8+ years options, equity, financial indexing and/or financial markets experience in a related capacity. Managerial experience (team of 2-6) preferred.
• Strong quantitative and programming skills; experience in Python, R, and SQL with preference to Python
• Experience with written documentation of projects
• Strong background in index mathematics: writing, reading methodology formulas
• Ability to solve non-routine problems
• Effective interpersonal and communication skills
• Must be self-motivated and be able to work independently as well as part of a team
• Strong focus on training and onboarding new employees

• Bachelors degree in Engineering, Mathematics, Computer Science or related field required
• Advanced degree preferred.

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 a 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 


• 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 

#LI-CJ

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](

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.

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 $135,575-$175,450, 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](