Senior Pricing Analyst, Derivatives Pricing, Incentives and Analytics

About the role

The Senior Pricing Analyst will support the development and execution of CME Group’s pricing strategy, with a focus on promoting derivatives market structure health and advancing key growth initiatives.

Responsibilities

• Partner with business leaders across derivatives markets and services to support the pricing, development, design, performance tracking, and management of growth incentives and market‑making programs.
• Design and execute detailed analysis of market and client activity to diagnose specific market issues, evaluate liquidity, and identify potential incentive programs to address business opportunities.
• Support the rollout and administration of incentive and market‑making programs reflecting broad industry shifts, product strategies, and evolving customer needs.
• Measure and track key metrics to assess program performance, motivate participant behavior, and evaluate resulting impacts on overall market health.
• Execute with extreme attention to detail to ensure high accuracy across complex pricing models, operational program setups, and performance tracking dashboards.
• Demonstrate strong initiative‑taking by proactively identifying data anomalies, proposing pricing process improvements, and unearthing prospective growth opportunities without waiting for explicit direction.
• Coordinate the operational approval, setup, and performance management reporting for multiple derivatives markets, collaborating with stakeholders across Financials, Commodities, Technology, Clearing, Legal, Market Regulation, and Finance.
• Build and maintain analytical tools to evaluate enterprise revenue and market health, synthesizing results into actionable recommendations for business leaders.
• Execute complex analysis on large datasets using statistical and mathematical techniques to monitor market trends, pricing strategies, and program efficiency.
• Track and summarize competitive industry developments, regulatory changes, technology shifts, and emerging execution models affecting CME Group markets.

Qualifications

• B.A., B.S., or higher, preferably in Economics, Mathematics, Finance, Statistics, or a related quantitative field.
• 3–5 years of work experience in pricing, financial analysis, derivatives, trading, or competitive market analysis.
• Proven track record of high attention to detail when analyzing complex datasets and building pricing models, combined with a strong history of initiative‑taking in problem‑solving.
• Advanced quantitative and analytical skills.
• Experience manipulating large datasets using statistical tools (e.g., Python, R) and database queries (SQL) is highly desirable.
• Strong written and verbal communication skills, with the ability to summarize complex pricing and market analysis clearly for internal stakeholders.
• Excellent interpersonal skills to manage cross‑functional relationships across finance, technology, clearing, and legal teams.

Benefits

• Comprehensive health coverage.
• Retirement package including both a 401(k) and an active pension plan.
• Highly competitive education reimbursement provisions.
• Paid time off.
• Mental health benefit.
• Annual target bonus opportunity.
• Broad‑based equity program (ownership in the company).
• Flexibility, value, and choice in a holistic benefits package for employees and their dependents.

Pay

The pay range for this role is $85,100‑$141,800. Actual salary offered will be dependent on a wide array of factors including but not limited to relevant experience, skills, education, and comparison to internal employees (where relevant).