Director, Regulation

Overview

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.

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 work spaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.

The Director oversees teams responsible for the timely analysis of trading data, assessment of alerts, research of potential issues, and determination of appropriate regulatory dispositions. As the final authority on alert outcomes, the Director evaluates evidence, distinguishes normal market dynamics from actionable misconduct, and ensures all analysis work meets quality standards expected for potential enforcement action.

This role also drives innovation in surveillance methods and technology. The Director manages the exception‑generation process, identifies enhancements to automated surveillance tools, and develops new analytical concepts to detect emerging forms of market manipulation. Acting as a bridge between Regulatory leadership and technology partners, the Director translates complex market behaviors into clear requirements for new or improved Reg Tech capabilities.

Strong leadership is essential. The Director develops and mentors managers and analysts, ensuring adherence to industry standards and regulatory expectations. Regular team meetings are used to monitor alert status, resolve operational impediments, and maintain efficient workflows without compromising analytical depth or quality.

Cross‑functional collaboration is central to the role. The Director works closely with Regulatory Development, Options Investigations, Enforcement, and other internal partners to support case handoffs, refine processes, and advance strategic regulatory initiatives. The Director also interacts professionally with external stakeholders, including responding to inquiries from the SEC and participating in audits, discussions, and special projects as assigned.

• Ensure continuous analyst presence and direct observation in the Index and Equity Options trading crowds to detect potential violations of Exchange Rules and SEC regulations.
• Lead teams performing in‑depth analysis of trading activity and market data, ensuring timely identification and evaluation of regulatory concerns.
• Serve as final decision‑maker on alert review disposition, determining sufficiency of analysis and approving next steps in the escalation process.
• Oversee development, tuning, and enhancement of automated surveillance exceptions; identify gaps and drive improvements.
• Collaborate with technology partners to translate regulatory needs into clear system requirements for new or enhanced surveillance tools.
• Develop new surveillance concepts and analytics to identify…