Engineering Manager
Cboe Global Markets
Chicago, IL · Posted September 21, 2026
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Where Chicago, IL ranks
Where Chicago, IL placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #1Best cities for government pay after cost of living$146k · of 18
- #1Cities with the most jobs that do not need a four-year degree in the Midwest684 jobs · of 51
- #1Cities with the most jobs that do not need a four-year degree in the Great Lakes684 jobs · of 36
- #1Best cities for software and engineering jobs in the Midwest1,140 openings · of 59
- #1Best cities for software and engineering jobs in the Great Lakes1,140 openings · of 48
- #1Best all-round cities for mid-career professionals in the Midwest80 / 100 · of 20
Rankings about engineering jobs
- Best cities for software and engineering jobs #1 San Francisco (3,412 openings)
- Best cities for engineering pay after cost of living #1 San Mateo ($216k)
- Most requested AI skills in engineering jobs #1 AI tools in daily work (6.1%)
- AI tools named most often in engineering jobs #1 Claude (1.7%)
- Employers with the most engineering jobs #1 Amazon (2,992 roles)
Pay compared with the market
This listing does not state pay. Across 425 open engineering manager listings that state pay, the middle half runs $167,000 to $275,500 and the median is $225,000.
Listed pay is what employers advertise, not what people are paid.
How AI is used in this kind of work
AI use among architectural and engineering managers is little observed so far. Measured exposure for architectural and engineering managers: 3% (little observed).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
Skills this job asks for
Say which you have and which you want to build. We use it to match you to jobs like this one.
About the job
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 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.
To support strong partnership and team connection, this role follows a four day in office work model.
Location Overview
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 workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.
Role Overview
Cboe Clear U.S. (CCUS) is a regulated clearinghouse. We clear the event contracts and prediction markets listed on Cboe's exchanges, and we are building toward tokenized collateral, 24x7 operation, and the infrastructure that carries traditional finance onto DeFi rails.
CCUS Software Engineering is a high trust environment. Failure leads to inquiry rather than blame. Working across team boundaries is expected rather than tolerated. We solve the problem, then we write the code. Design documents and architecture decision records come first. The engineers we value most close their feedback loop. They write tests, and they instrument what they ship so it fails fast, explains itself in production, leaves an audit trail and rolls back cleanly.
The Engineering Manager leads the software engineers who build our clearing systems. You would lead an existing team, help shape the larger one it becomes, and how the work is divided. The systems your teams own are what let Cboe list and clear new products, so delivery dates here move business dates. We expect our managers to carry real domain knowledge in clearing and to stay close to system design.
Your responsibilities will be:
Leading and growing a team of software engineers, including performance management and hiring.
Minimizing cognitive load on your team leads and engineers so their attention stays on solving domain problems in code.
Partnering with the quality engineering organization, which owns QA and test engineering, on shared delivery goals.
Applying domain knowledge of clearing and post-trade processing to guide design decisions rather than delegating them.
Aligning the roadmap with product management against real delivery capacity.
Reducing friction between your engineers and the product, operations and partner teams they depend on.
Shaping team boundaries and ownership so the organization produces the architecture we intend, applying Conway's law deliberately rather than inheriting its side effects.
Owning the architecture decision records for your teams' services and keeping them current as designs change.
Ensuring code review practices and coding standards are enforced consistently across teams.
Improving deployment frequency, change lead time, change failure rate and time to restore service.
Running the on-call and production support model for your teams' services.
Required:
Owning delivery across the full software lifecycle, from design and code review standards through production support
Experience managing software engineers, including direct performance management and hiring
A record of making the people around you better, with specific engineers you can point to
Delivering complex work on a date that mattered
Partnering with product management on roadmap, scope and sequencing
Working knowledge of clearing, post-trade processing or capital markets
Architecture judgment and a written-first working style, with the depth to guide a design, challenge a proposal, and author the decision records behind both
Preferred:
Experience establishing code review practices and coding standards across more than one team
Hands-on development depth in Java
Shaping team boundaries to get the architecture you want rather than the one the org chart hands you
Designing developer tooling and measuring delivery health with metrics such as change lead time and change failure rate
A habit of hiring for range rather than for a single language, since Java is our stack choice but we hire polyglots
Nice to have:
The FIX messaging protocol
Cloud platforms including AWS, Azure or GCP
JVM languages such as Clojure, Scala or Kotlin
Current technology stack:
Java on Kubernetes. Application code and CI pipelines live in GitHub with GitHub Actions. Container images and build artifacts live in registries such as Harbor and Artifactory, and Helm charts are deployed by ArgoCD from a GitOps repository. PostgreSQL, Kafka and Linux. This is representative rather than exhaustive.
You do not need experience with every technology in our environment. We hire for competencies over pedigree, so if you have built similar systems and learn quickly, we encourage you to apply.
Minimum Work Experience: 10+ years in engineering, with 3+ years managing engineers
Minimum Education: Bachelor's in Computer Science or a related discipline, or equivalent practical experience
#LI-JH
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 $154,275-$199,650, 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 .
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.