Director, Margin Strategy and Capital Efficiency

About the role

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. Location: To support strong partnership and team connection, this role follows a four day in office work model in our Chicago office. Cboe is one of the largest exchange operators in the world. Our mission is to disrupt the status quo with a relentless focus on innovation that transforms new ideas into realities . We are seeking a highly capable Director, Margin Strategy and Capital Efficiency who will report to the Senior Director, Cboe Labs. As the Director, Margin Strategy and Capital Efficiency, you will be at the forefront of technology and product innovation, with primary responsibility for seeking the most margin and capital efficient treatment of current Cboe product offerings as well as products in development. You will lead efforts to ascertain , advocate for, and lead industry efforts for implementation of practical margin and capital requirements, and in particular, advancing portfolio margining capabilities that drive efficiency through appropriate risk offsets . This role would be ideal for a person with a strong mathematic al background. A strong background in customer, broker-dealer and options market-maker margin requirements is desired . E xperience in developing margin methodolog ies and frameworks is highly desired . Experience with customer margin accounts, both strategy-based (Reg. T) and customer portfolio margin accounts, as well as with risk-based haircuts is a plus . This role requires the ability to navigate the dynamic landscape to ensure Cboe's cutting-edge position in the marketplace . In this role, you'll join a team of expert professionals, focused on innovation and execution while also serving as a member of the Cboe Global Derivatives leadership team. This position requires strong collaboration skills and a desire to work side by side with all our support partners. Your responsibilities will be: Design, develop, and maintain back testing frameworks to assess the historical adequacy and coverage of margin requirements across Cboe product offerings Build a data-driven foundation to evaluate and measure how suggested changes to clearing house frameworks could affect capital efficiency, using simulations to quantify their impact. As necessary, ascertain , plan, develop, and implement margin requirements and/or risk-based haircut treatment for new products. Continually consider improvements that would benefit all Cboe product offerings. Engage and coordinate with Cboe Legal on margin rule filings (as necessary) and interactions with SEC and CFTC staff . Engage with and coordinate with FINRA on a continuous basis. Partner with the Cboe Labs, Operations, Global Sales and Derivative teams to evaluate margin and capital efficiency priorities and source client feedback. Continually collaborate with OCC on changes to the STANS and TIMS methodology with the goal of maximizing efficiency of customer portfolio margin and risk-based haircuts, in particular by advocating for wider use of portfolio margining with more risk offsets. Serve as Cboe internal subject matter expert. Conduct presentations to explain margin and capital requirements and industry conventions including educational sessions for Regulatory staff. As needed, conduct presentations and public speaking engagements internally and at conferences and other venues . Represent Cboe on FINRA Rule 4210 Committee and OCC Financial Risk Advisory Council . Participate in strategic planning and systems implementations to achieve business goals and collaborate with diverse clearing entities to discuss cross-margining opportunities. The ideal candidate has: Minimum 12+ years' industry experience in securities, securities derivatives and futures . Familiarity with margin practices, including but not limited to STANS, strategy-based (Reg. T), customer portfolio, and SPAN margining. Ideally, a strong understanding of risk-based haircuts and the underlying SEC rule . Ability to interact with the CFTC, SEC and FINRA on margin and risk-based haircut requirements . Familiarity with OCC's Escrow Dep