Director, Product Margin and Capital Efficiency

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.   

Location: Selected candidate must be willing to work a hybrid schedule in our Chicago office.

Cboe is one of the largest exchange operators in the world. Ourmission of our team is to disrupt the status quo with a relentless focus on innovation that transformsnew ideasinto realities. We areseekingahighly capable Director, Product Margin and Capital Efficiency who will report to theSenior Director, Cboe Labs.

As the Director, Product Margin and Capital Efficiency,you will be at the forefront of technology and product innovation, with primary responsibility forseekingthe most margin and capital (risk-based haircuts) efficient treatment of current Cboe product offerings as well as products in development.You willlead efforts toascertain,advocate for, andlead industry effortsforimplementation ofpracticalmargin andcapital requirements,and in particular, advancingportfolio margining capabilitiesthatdrive efficiency throughappropriate riskoffsets.  

This role requires a strong backgroundincustomer, broker-dealerandoptionsmarket-makermarginrequirements.Experience withcustomermargin accounts, both strategy-based (Reg. T) and customer portfoliomarginaccounts,as well aswithrisk-basedhaircutsis essential.This rolerequires theabilityto navigate the dynamic landscape to ensureCboe’scutting-edgeposition in the marketplace. 
 

In this role,you’lljoin a team of expert professionals,focusedoninnovationand executionwhile alsoservingas a member of the Cboe Global Derivatives leadership team. This position requiresstrong collaborationskills and a desire to work side by side with all our support partners.

The ideal candidate has:

• Minimum12+ years’ industry experience insecurities, securitiesderivativesand futures marginpractices, including but not limited toSTANS,strategy-based (Reg. T),customer portfolio, and SPANmargining.

• Minimum