Director, Futures Clearing Product (FCM / Listed Rates)

LSEG•New York, NY

7d•$167,000 - $278,300•Hybrid

About The Position

We are hiring a Director of Product Development to lead the build-out of futures clearing, focused on workflows used by FCMs, clearing brokers, and client service teams. This role is about improving how futures markets actually operate day to day, from trade capture through to clearing and post-trade, with a clear emphasis on client experience and operational efficiency. Candidates from major futures hubs such as Chicago or other US financial centres are strongly encouraged! This role is focused on futures and listed derivatives clearing. Candidates whose experience is primarily OTC with limited exposure to futures workflows may find it less aligned. You will report to the Head of Product Development, SwapClear & Listed Rates.

Requirements

Hands-on experience in futures and options or exchange-traded derivatives (ETD), with a strong understanding of clearing and post-trade workflows
Background in FCM product, futures operations, or client service teams, with direct exposure to how trades are processed and supported
Practical knowledge of core futures workflows including give-ups, allocations, position management, and reconciliation
Experience working with or alongside exchanges such as CME, ICE, or Eurex, or clearing brokers and FCMs
Proven ability to deliver platform or process improvements in market infrastructure, clearing, or post-trade environments
Strong stakeholder management across operations, engineering, sales, and external clients
A hands-on, delivery-focused mindset with attention to detail and ownership of outcomes

Nice To Haves

Some exposure to OTC rates clearing or products (helpful but not required)
Familiarity with vendor platforms such as FIS, ION, or similar infrastructure providers

Responsibilities

Own the build-out of futures clearing workflows, focusing on real-world processes such as trade capture, allocations, give-ups and take-ups, and post-trade exception handling
Lead improvements in how client activity flows through the clearing lifecycle, reducing friction across onboarding, trade processing, and position management
Define and deliver a roadmap that reflects how FCMs and client service teams actually operate, translating day-to-day pain points into practical product enhancements
Work closely with exchanges, FCMs, and internal engineering teams to define and optimise venue to CCP integration flows
Drive adoption by engaging directly with clearing members, trading desks, and post-trade teams to translate real workflows into product enhancements
Ensure strong product governance, prioritisation discipline, and delivery against measurable outcomes