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Product Manager

ErisX

ErisX

Product
Chicago, IL, USA
USD 119k-147k / year + Equity
Posted on Aug 28, 2025

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 inclusive 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. Our Associate Resource Groups champion diversity, equity and inclusion, giving employees a safe space to network, share ideas and create opportunities.

Sound like the place for you? Join us!

The Cboe Clear US team is hiring for a Product Manager.

The Product Manager at Cboe Clear US will be working on creating the most cutting-edge clearing systems to power the next generation clearinghouse. In this role you will work closely and lead with other technologists and financial experts to design, develop, and improve on our critical clearing systems.

You will contribute to the team by helping define engineering best practices, architectural patterns, and standards. Collaboration with other team members to solve complex problems that meet the demands of the financial technology space will be part of your day-to-day responsibilities.

The systems you will work on will facilitate clearing listed derivatives, collateral management, and other post-trade services. Given the critical nature of these systems, they must be designed with high availability and high performance as a key requirement through the use of microservices, reliable message queues, and database clusters.

Key responsibilities will be:

Product Strategy & Planning

  • Help define and maintain the product vision and roadmap in alignment with business strategy, regulatory trends, and market evolution.

  • Prioritize platform features and enhancements based on strategic fit, impact, and implementation effort.

Product/Project Development Lifecycle

  • Translate complex business requirements into actionable deliverables for cross-functional teams including Software Engineering, Infrastructure, Risk, and Operations.

  • Assist engineering and QA teams to manage priorities and plan release content, ensuring clarity of requirements and timely, high-quality delivery.

  • Monitor release testing and operational performance, resolving issues that impact product delivery.

  • Participate in manual QA processes across all releases, ensuring thorough testing prior to production deployment.

Cross-Functional Collaboration

  • Align stakeholders across departments to ensure efficient product delivery.

  • Communicate project plans and updates clearly and regularly.

  • Facilitate decision-making and resolve conflicts between teams.

  • Provide comprehensive support to internal stakeholders (e.g., clearing operations, development, infrastructure) and external clients.

Client & Vendor Engagement

  • Engage with clearing members and end-users to gather feedback and identify operational pain points.

  • Facilitate onboarding and education for new products and services.

  • Manage vendor relationships to ensure platform changes are communicated and integrated into delivery plans.

Industry Engagement & Subject Matter Leadership

  • Represent the organization in industry forums such as FIA and DMIST.

  • Leverage subject matter expertise to support internal teams and contribute to platform innovation and regulatory initiatives.

  • Stay ahead of market trends such as tokenized collateral and 24/7 clearing.

The ideal candidate has:

  • Proven experience in product management within financial services or clearing operations.

  • Strong analytical skills and familiarity with performance metrics.

  • Excellent communication and stakeholder management abilities.

  • Experience working with cross-functional teams in a fast-paced environment.

  • Knowledge of regulatory frameworks and industry standards is a plus.

  • Minimum Years of Work Experience: 8+ years of experience in business analysis or product related experience.

  • Minimum Education Requirement: Bachelor’s degree.

You’ll really stand out with:

  • Experience in Agile and software development

  • Extensive knowledge of clearing/middle office platforms such as FIS, ION, ATEO, etc.

Benefits and Perks

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

  • Flexible, hybrid work environment, where you choose where and how you work

  • 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

Some of our employees’ 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

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 celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

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.

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status.

#LI-CP1


Our pay ranges are determined by a number of factors, including, but not limited to, role, experience, level, and location. The national new hire base pay range for this job in the United States is $119,000-$147,000. This range represents the minimum and maximum base pay the company expects to offer for new hires working in the position full time. If you live in one of the following areas or if you work in a Cboe office in the following areas, the range may be higher according to the geographic differentials listed below:


US Geographic Differentials:

  • 110%: Austin TX, Chicago IL, Denver CO, San Diego CA

  • 115%: Los Angeles CA, Seattle WA

  • 120%: Boston MA, Washington DC

  • 125%: New York City NY

  • 130%: San Francisco CA


Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more! Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit TOTAL REWARDS @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.