Dir, Product Management- Cboe Clear US

About the role

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.

Please note: To support strong partnership and team connection, this role follows a four day in office work model in our Chicago office.

Location Overview

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.

Role overview

Cboe Clear U.S. is seeking a Director, Product Management to lead the overall product vision, implementation planning, and execution of our clearing platform. You'll partner extensively with our clients, business stakeholders, engineering, infrastructure, risk, and operations to design clearing platform investments with aligned business priorities. You'll own the design, operation, and scaling of the clearing systems that underpin the clearinghouse.

Your responsibilities will be

Product Strategy & Development

• Articulate complex implementation strategy, cost tradeoffs, and long-term platform vision to senior management
• Drive prioritization of platform features and enhancements based on strategic fit, business impact, and resource allocation
• Ensure individual product team expertise is synthesized into coherent, clearing platform standards, not siloed stakeholder recommendations
• Lead high-impact product launches from idea conception through to production implementation

Client & Vendor Engagement

• Engage Clearing Member Firms and Participating Exchanges to gather operational insights, manage product pain points and roadmap expectations
• Oversee middleware onboarding and education for new product integrations and services, ensuring smooth adoption
• Manage vendor relationships to ensure alignment with platform changes and delivery timelines

Team Leadership

• Build and mentor the product team through shared standards, and a clear product forward vision
• Partner cross-functionally with stakeholders to implement quickly without sacrificing standards and introducing unknown risk to the clearinghouse
• Foster cross-team collaboration and break down silos across the broader product organization

The ideal candidate has

• Bachelor's degree with 10+ years in Product Management, preferably at a Derivatives Clearing Organization (DCO), Covered Clearing Agency, Exchange, Futures Commission Merchant (FCM), Broker-Dealer, or Bank
• Demonstrated ability to translate strategic direction into executable operating plans across multiple teams
• Exceptional communication and leadership skills, with the ability to align diverse stakeholders around common priorities
• Proven ability to lead cross-functional business initiatives from concept to adoption, working autonomously in ambiguous environments
• Track record of presenting product roadmap to senior leadership and securing alignment across stakeholders
• Utilizes AI to deliver business-ready outputs and drive measurable improvements in workflow efficiency, cost, and quality
• Demonstrated ability to lead complex, cross-functional initiatives in CFTC and SEC regulated environments
• Deep expertise of clearing/middle office platforms: FIS, ION, Broadridge
• Comprehensive knowledge of CFTC Part 39 requirements and clearing house rules under SEC Regulation 17 CFR §240.17ad-22
• Experience with tokenization technologies, including design and implementation solutions
• Proven experience in Agile and the software development lifecycle
• Proficient in leveraging the Atlassian software suite (including Jira and Confluence) for project management and collaboration

Benefits

Benefits and Perks of working for Cboe Global Markets:

• 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

Benefits

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
• Paid Time Off

More About Cboe Global Markets

• 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.

Salary Ranges (applicable for US locations only)

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 $196,350-$254,100, 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.

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.