Role in brief
Alpaca, a leader in brokerage infrastructure, is looking for a Product Manager focused on derivatives. This role involves managing products related to listed futures and prediction markets. Candidates should have over five years of experience in product management or related fields, particularly in fintech or derivatives.
About the role
In this role, you will oversee derivatives products at Alpaca, concentrating on listed futures and prediction markets. You will be responsible for shaping product strategy by evaluating market conditions, regulatory requirements, and competitive landscape, while also ensuring compliance with CFTC and NFA standards.
You will collaborate with engineering teams to develop product requirements and enhancements based on customer feedback and regulatory insights. Success in this position is defined by your ability to drive product improvements, streamline operations, and effectively communicate with stakeholders across the organization.
The salary range for this position is between $98,000 and $162,000, reflecting the level of expertise required.
Skills that matter here
- CFTC frameworks: This role requires a strong understanding of CFTC frameworks to ensure compliance in product offerings.
- Product Management experience: Candidates must have over five years of product management experience, particularly in fintech or derivatives.
- Strong communication skills: Effective communication is critical for collaborating with various teams and stakeholders.
- Business acumen: You will need to navigate tradeoffs between stakeholders and technology feasibility.
- Derivatives experience: A background in derivatives is essential for managing related products effectively.
- Technical background: A technical background will help in working closely with engineering teams on product builds.
Who this role suits
- The ideal candidate has a strong background in product management, particularly in financial services or fintech.
- They possess excellent communication skills and can collaborate effectively with diverse teams.
- A passion for derivatives and a curiosity about financial markets are essential.
- They should be accountable and able to manage multiple priorities in a dynamic environment.
From the employer
Your Role:
- Own derivatives products for Alpaca, with a primary focus on listed futures and prediction markets.
- Drive derivatives product strategy by analyzing ROI, market competition, regulatory requirements, and build-vs-buy scenarios across venues, clearing, and execution.
- Contribute to the product roadmap and product strategy with a focus on FCM launch readiness, CFTC/NFA-compliant features, and partner demand for futures and prediction markets.
- Write product requirements and work with engineers to execute builds that meet regulatory, exchange, and clearing standards.
- Lead customer and partner calls around derivatives process and product issues to gain insights and translate them into product improvements for Broker API and Trading API clients.
- Participate in engagements with the CFTC, NFA, exchanges, and clearing organizations to drive product strategy and ensure regulatory alignment.
- Report timely and accurately on product status and results to internal and external stakeholders, including regional partners and institutional clients.
- Improve derivatives operation efficiency by providing solutions and owning the metrics, with a focus on margin, clearing, settlement, and trading-risk workflows.
- Collaborate with operations, risk, and compliance teams to ensure seamless integration between Alpaca's global platform and the FCM market infrastructure.
- Ad hoc duties and projects as assigned.
WHO YOU ARE (MUST-HAVES)
- Excited about what Alpaca is building and passionate about expanding derivatives infrastructure for futures and prediction markets.
- Strong understanding of CFTC and NFA frameworks, FCM market structure, and the listed derivatives landscape.
- Bachelor's degree in computer science, engineering, finance, or equivalent.
- 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services, fintech, or derivatives.
- Demonstrated interest and experience in futures, prediction markets, listed derivatives, or adjacent trading/brokerage infrastructure.
- Strong communication skills, both written and verbal, with excellent collaboration abilities.
- Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.
How We Take Care of You:
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
Questions about this role
Is this position remote?
Yes, this role is remote.
What is the seniority level of this role?
This is a middle-level position.
How can I apply for this position?
Candidates can apply through the Alpaca website.