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Mgr Pricing

CME Group · Chicago, IL · $108,700–$181,100 a year · Full time

Posted Sep 15, 2026 · We last checked this listing on Oct 4, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a junior analyst you developed. What did you change about how you coached them?

What they are checking: Whether they actually develop people, which separates this manager role from the analyst version.

Tell me about a time an incentive program had unintended effects. What did you learn?

What they are checking: Whether they watch for gaming and side effects and adjust programs afterward.

What would you do

A junior analyst's model has an error that was already shared with a business leader. How do you handle it?

What they are checking: Whether they correct the record quickly and use it as coaching rather than blame.

A business leader wants a large incentive for a strategic client. Your analysis says it won't pay off. What do you do?

What they are checking: Whether they can push back on senior partners with evidence and offer a better alternative.

How would you decide when to end an incentive program that has been running for years?

What they are checking: Whether they can retire programs based on evidence even when participants have grown used to them.

About the work

How would you tell whether a market-making program is improving market quality or just paying for activity that would happen anyway?

What they are checking: Whether they measure incremental impact on liquidity, which decides whether incentive spend is justified.

Walk me through how you'd design and roll out a new incentive program for a derivatives product.

What they are checking: Whether they can lead program design, setup, communication and tracking from start to finish.

What metrics would you track to evaluate the health of a derivatives market's structure?

What they are checking: Whether they know spreads, depth, open interest and participant diversity and how they connect.

How do you estimate the revenue effect of a fee change before it launches?

What they are checking: Whether they account for client behavior and volume shifts, not just simple math on current volume.

How do you build review steps into your team's work so complex program setups are accurate?

What they are checking: Whether they create controls for accuracy, which the posting stresses at an extreme level.

What industry trends do you think will most affect exchange pricing over the next few years?

What they are checking: Whether they connect pricing strategy to real shifts in the market and client base.

Practice this interview out loud.

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The full job description

As published by CME Group.

The Manager Pricing 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. In addition to guiding the development of junior team members, the Manager Pricing will be responsible for conducting quantitative analysis, identifying market structure trends, evaluating client behavior, and assessing potential pricing actions, incentives, and market-making programs that drive CME Group’s revenue growth. Principal Accountabilities: • 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. • Lead 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. • Mentor junior team members through proactively driving pricing process improvements, and 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 Product Management, 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. Skills and Qualifications: • B.A., B.S., or higher, preferably in Economics, Mathematics, Finance, Statistics, or a related quantitative field. • 6-8 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 and lead cross-functional relationships across finance, technology, clearing, and legal teams. CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $108,700-$181,100. 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). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents. CME Group: Where Futures are Made CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more. At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic. Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .

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