Product Manager – Derivatives

This is a fully remote position, open to applicants in North America.

📋 Description

• Define and lead new product initiatives while overseeing a portfolio of existing products within Alpaca Derivatives, the company's regulated FCM.

• Develop and implement the roadmap for features related to futures and prediction markets.

• Collaborate with internal management and various business stakeholders throughout Alpaca.

• Formulate product strategies for the launch and expansion of Alpaca's FCM, including the introduction of listed futures and prediction markets to the platform.

• Take ownership of derivatives products, with an emphasis on listed futures and prediction markets.

• Evaluate ROI, competitive market conditions, regulatory requirements, and build-vs-buy assessments across different venues, clearing, and execution.

• Contribute to the product roadmap and strategy, focusing on readiness for FCM launch, features compliant with CFTC/NFA, and partner demand.

• Draft product requirements and collaborate with engineers to execute builds that align with regulatory, exchange, and clearing standards.

• Lead discussions with customers and partners concerning derivatives processes and product-related issues.

• Engage with the CFTC, NFA, exchanges, and clearing organizations.

• Provide updates on product status and results to internal and external stakeholders, including regional partners and institutional clients.

• Enhance operational efficiency in derivatives and manage metrics related to margin, clearing, settlement, and trading-risk workflows.

• Work alongside operations, risk, and compliance teams to integrate Alpaca's platform with FCM market infrastructure.

• Undertake additional duties and projects as assigned.

⛳️ Requirements

• In-depth knowledge of CFTC and NFA frameworks, FCM market structure, and the landscape of listed derivatives.

• Bachelor's degree in computer science, engineering, finance, or a related field.

• Over 5 years of experience in Product Management, Engineering, Consulting, or launching a startup, preferably in financial services, fintech, or derivatives.

• Proven interest and experience in futures, prediction markets, listed derivatives, or related trading/brokerage infrastructure.

• Excellent communication skills, both written and verbal, along with strong collaborative abilities.

• Business savvy to navigate trade-offs between stakeholders and technological feasibility within time and budget limitations.

• Background in developing and managing futures, prediction markets, or other listed derivatives products.

• Technical experience working with APIs, especially in the context of financial services or trading platforms.

• NFA Series 3 certification (or the ability to obtain it), or other credentials recognized by CFTC/NFA.

• Experience in launching or operating within an FCM, DCM, DCO, or other regulated derivatives venue.

• Familiarity with portfolio margining, cross-asset margining, institutional execution, or workflows related to Prime Brokerage.

• Experience in a fintech, startup, broker-dealer, FCM, or exchange environment.

• Knowledge of prediction market structures, event-contract design, and the regulatory frameworks governing them.

🏝️ Benefits

• 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