Sr Product Business Analyst

The Product Launch team at CME Group is seeking a Senior Product Business Analyst to manage the end-to-end execution of new product ideas. This role involves leveraging market knowledge and product testing to streamline product strategy delivery, ensure operational and technical readiness, and proactively address business challenges. The analyst will contribute to continuous improvement of quality assurance processes, aiming to enhance product launch capacity and reduce time to market, demonstrating strong analytical and technical skills.

Must Have

• Communicate and collaborate with stakeholders spanning across multiple divisions.
• Identify risks to new product ideas and propose technical solutions to create efficiencies.
• Build new products within our Clearing and Globex systems.
• Develop and execute test scenarios with little supervision.
• Create and maintain test artifacts and facilitate artifact reviews across BLM and Technology.
• Assist in the deployment of new products into customer facing environments.
• Participate in the UAT of new products in Production ensuring a defect free production launch.
• Participate in the support of all Products after going live.
• Demonstrate flexibility to adapt to business needs including managing multiple projects.
• Maintain clear and up-to-date documentation related to data systems, configurations, and standard operating procedures.
• Provide leadership and subject matter expertise during crunch time and provide support when there is a significant demand on the team.

Good to Have

• Experience in the Financial Industry.
• Knowledge and familiarity with Python and scripting.
• Knowledge of AI/Gemini workspace tools.

Perks & Benefits

• Competitive total rewards package
• Annual target bonus opportunity
• Broad-based equity program
• Comprehensive health coverage
• Retirement package that includes both a 401(k) and an active pension plan
• Highly competitive education reimbursement provisions
• Paid time off
• Mental health benefit

This role is hybrid and requires the incumbent to be onsite in our Chicago office 3 days a week, with flexibility.

The Product Launch team within CME Group leverages in-depth market knowledge along with product testing experience to help manage end to end execution of all new product ideas. Our mission is to develop, enhance, and operationalize a streamlined capability to deliver on product strategy, while implementing business needs across BLM, R&PD, Fees, CD&S, and Technology. We are seeking a Senior Product Business Analyst who will contribute to the continued success of ensuring operational and technical readiness, proactively respond to unexpected business challenges, and continually seek out opportunities to further streamline and operationalize product execution in one cohesive team framework.

In addition, the Senior Analyst will assist in the continuous improvement of quality assurance processes and related key performance measures, driving results by refining overall value while enhancing product launch capacity and reducing time to market. Incumbent will demonstrate excellent analytical and technical skills with a drive for success.

Principal Accountabilities:

• Communicate and collaborate with stakeholders spanning across multiple divisions, including but not limited to, Clearing, Global Operations, Products & Services, Transformation & Execution, and Technology.
• Identify risks to new product ideas and propose technical solutions to create efficiencies.
• Build new products within our Clearing and Globex systems.
• Develop and execute test scenarios with little supervision.
• Create and maintain test artifacts and facilitate artifact reviews across BLM and Technology.
• Assist in the deployment of new products into customer facing environments.
• Participate in the UAT of new products in Production ensuring a defect free production launch.
• Participate in the support of all Products after going live.
• Demonstrate flexibility to adapt to business needs including managing multiple projects.
• Maintain clear and up-to-date documentation related to data systems, configurations, and standard operating procedures.
• Provide leadership and subject matter expertise during crunch time and provide support when there is a significant demand on the team.

Skills & Software Requirements:

• Experience in the Financial Industry is preferred
• Must have experience with SQL and Linux/UNIX – able to write and execute basic or complex queries
• Knowledge and familiarity with Python and scripting is preferred
• Experience with FIX messaging protocol(s).
• Strong collaboration skills and experience in influencing cross functional teams
• Strong business analysis skills including the ability to articulate customer requirements in a clear and concise manner
• Strong understanding of and ability to articulate technical/non-functional product requirements
• Experience with Test Automation as well as manual testing
• Able to solve QA environment troubleshooting problems with logical thinking
• Knowledge of Agile frameworks and POD model
• Knowledge of AI/Gemini workspace tools is preferred

Education:

• Bachelor’s or Master’s degree in computer science, Information Systems or other related discipline is required; or equivalent combination of education and relevant proven work experience that is required for the specific job level.

#LI-hybrid

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 $91,400-$152,300. 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.

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