Director, Regulation

Job Description:

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 RegTech 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.

Your responsibilities will be: 

• 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 emerging forms of market manipulation.
• Provide leadership, mentorship, and performance management for managers and analysts; ensure strong regulatory and industry knowledge across the team.
• Conduct regular team meetings to monitor workload, address bottlenecks, and ensure high‑quality case work.
• Partner with Regulatory Development, Options Investigations, and Enforcement to support coordinated regulatory action and process improvements.
• Engage with internal staff, external stakeholders, and regulatory bodies; assist in responding to SEC or SRO inquiries.
• Participate in cross‑functional initiatives and special projects as assigned.

The ideal candidate has: 

• Bachelor’s degree required; Economics, Business, Accounting, Finance, or related field preferred.
• Minimum of 8 years of financial industry experience, including relevant trading floor experience; market regulation or broker‑dealer experience preferred.
• Advanced knowledge of derivatives markets and a working understanding of related financial markets.
• Strong understanding of trading procedures, Exchange Rules, and obligations under the Securities Exchange Act of 1934.
• Demonstrated leadership experience with the ability to manage and motivate staff.
• Exceptional analytical skills with the ability to employ both quantitative and qualitative methods.
• Strong written and verbal communication skills with proven ability to interact effectively with internal and external stakeholders.
• Excellent organizational skills and attention to detail.
• Proficiency with Microsoft Office or similar applications; experience with trade surveillance software is a plus.

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.

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 $153,000-$189,000. 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:

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.