Senior Director – Market Data Administration

Job Title

Building trusted markets — powered by our people

This role has responsibility for managing all facets of our Market Data Administration function, including customer/vendor onboarding, licensing, reporting, compliance and billing. The person will be responsible for managing and setting direction for all processes, technologies and supporting team. Identification of opportunities for process improvement, automation and leveraging technologies will be essential. Responsibilities will also include developing audit plans and criteria for audit selection and perform data compliance reviews and audits of data recipient compliance with Cboe data agreements and policies.

Sets targets and tracks progress toward annual compliance targets and supporting associated Data Vantage budgets. This position reports to the VP, Head of Market Data.

• Execute administrative and operational functions for Cboe's Market Data Administration, including RMA and CGIF data products
• Implement DataBP, maintain relationship and develop roadmap for future improvements and features.
• Generate necessary business intelligence on Cboe market data customers and vendors to support overall product direction, pricing/fees, policies, etc.
• Manage team members, set performance goals and deliver associated feedback and performance reviews
• Represent Cboe and be an active participant in market data industry associations, conferences and industry best practice discussions.
• Oversee and manage data subscriber and distributor onboarding and reporting.
• Provide necessary support to regulatory filings
• Provide necessary input and support to AP, AR and GL functions.

• Expert knowledge of market data principles and policies and a thorough knowledge of the equity and derivative trading industry.
• Ability to communicate the intricacies of specific Cboe market data policies to regulators, global distributors, banks and trading firms.
• Ability to analyze complex and unique data usage scenarios in order to apply appropriate licensing and fees for data vendors and subscribers.
• Demonstrates hands-on experience using artificial intelligence techniques and agents to create efficiencies and develop innovative analysis.
• Working knowledge with market data administration tools and technologies.
• 7+ years of experience managing clients and external business relationships.
• 10+ years of management and people leader experience.
• 12+ years of financial market data and derivatives industry experience.
• Bachelor's Degree in Business, Economics or related field required, Master's degree preferred.
• Thorough knowledge of DataBP application is 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 over achievement
• 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

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)

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 $233,750-$302,500, 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.