Cboe Global Markets

Cboe Global Markets

Quantitative Risk Manager

Chicago, Illinois, United States of America · Senior

No sponsorship$159k-$206kDetected 15 days ago
StatisticsFinancial ModelingValuationLoad TestingResearchLeadershipCommunicationCollaborationRisk Modeling

Stay score

odds of building a lasting career here

59Sponsors, lottery-bound
Cap-exempt (no lottery)0
Sponsors this role80
Entry-level history0
PERM / green-card track0
Lottery odds (Level IV)94
Fits your clock70

Sponsors, but it's cap-subject — you still face the weighted lottery (~61% per draw at Level IV). Good if you win; have a cap-exempt backup on your list.

Lottery odds assume a STEM candidate.

Personalize to your clock →

H-1B wage level

the lottery is wage-weighted — each level is one more entry

Level IV · 4×
Level I$57,7411 entry
Level II$75,6082 entries
Level III$93,4753 entries
Level IV$111,3424 entries

This range already reaches Level IV — the maximum four lottery entries.

DOL prevailing wage, 2026-27 wage year · Financial Specialists, All Other (13-2099) · Chicago-Naperville-Elgin, IL-IN. Wage level is derived by USCIS from the offered wage, occupation and worksite; the occupation shown is inferred from the job title.

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About the role

  • 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.
  • Our teams are empowered to share ideas, actively pursue them and bring on a challenge.

Responsibilities

  • Independently create derivatives valuation and portfolio margin models that will be used by the Clearinghouse for valuation of complex portfolios of exchange-traded futures and options under different market conditions
  • Create frameworks for portfolios stress testing and analysis to capture various types of risk to the Clearinghouse and translate the findings into recommendations for financial resources planning.
  • Create frameworks and processes for designing default management auctions as well as performing analysis of slippage incurred in the event of liquidation of Clearing Member portfolios under default scenarios taking into account volume, market depth/spread, market conditions and different hedging options.
  • Research to support new instruments listing on participating exchanges for Clearing. Stay abreast of developments in the field of financial risk modeling particularly related to Clearinghouses.
  • Create a structure of model governance, version control and change management including change approval structure.
  • Help develop Policies and Procedures for Model Risk Management as well as meet with or respond to requests from regulators or auditors for information.
  • Design and implement suitable and effective ongoing monitoring plans including performance metrics, thresholds, and escalation plans. Design reports and dashboards to be distributed to key stakeholders.
  • Own the task of having the margin model, model system, and broader financial risk management framework validated by an independent third party. Follow up on recommendations and gaps identified by any such validation.
  • Identify sources of data that will drive various risk models and reports and design pipeline for data ingestion and schema for data storage.

Requirements

  • Master's degree in Physics, Mathematics, Econometrics or a related quantitative field.
  • There is an expectation that you will be required to provide insights into model functionality, capabilities, and limitations to senior management, Risk Management Committee, auditors and regulators.

Nice to have

  • 5+ years of experience in a senior role with experience with model development, validation and governance.
  • Previous experience working with regulators or external or internal auditors is a plus.

Skills

  • Models and Risk Framework Design

Compensation

  • Fair and competitive salary and incentive compensation packages with an upside for overachievement

Company info

  • We are looking for a Quantitative Risk Manager to join our growing Risk Management team.
  • We are committed to fostering a workplace where all individuals are valued and respected.
  • Salary Ranges (applicable for US locations only) At Cboe, we are committed to providing a competitive, transparent, and market‑informed total rewards program.
  • Understand regulatory requirements in relation to monitoring and calibration of risk models and help design and implement appropriate monitoring tools. Be able to defend assumptions of models to regulatory agencies as a part of audits and new model proposals.

Equal opportunity

  • 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.
  • This position is not eligible for visa sponsorship.
  • Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.
  • Salary Ranges (applicable for US locations only)

Visa & Work Authorization

  • This position is not eligible for visa sponsorship.
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This listing is sourced directly from Cboe Global Markets's careers page and normalized into a canonical job model.