Foreign Exchange & Local Markets Product Manager, Americas

ICAP•New York, NY

1d•Onsite

About The Position

The TP ICAP Group is a world leading provider of market infrastructure, providing clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through its people and technology, TP ICAP connects clients to superior liquidity and data solutions. The Group is home to a stable of premium brands, and collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker, the world’s leading provider of OTC data, and an award-winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries and has 5,200 employees, working to achieve its vision of being the world’s most trusted, innovative, liquidity and data solutions specialist. The company is seeking a strategic and results-driven Product Manager to lead the development and enhancement of its FX trading platforms. This role requires deep domain expertise in foreign exchange markets, strong technical acumen, and a client-centric mindset to deliver innovative solutions that meet the needs of Brokers and Traders. TP ICAP’s eMarkets group is responsible for driving innovation and evolution within the business, supporting Senior Managing Directors and Desk Heads in growing their business via design and delivery of new technologies and services and driving adoption with clients. The Product & Business Development Management team oversees specific asset classes or products/services, in this instance, Foreign Exchange & Local Markets, championing it both internally and externally. This asset class primarily includes Spot, Forwards, Non-Deliverable Forwards, and FX Options products. The Manager is responsible for the entire lifecycle of the product, from developing and validating the business case, through design, delivery and launch, its commercial viability (both front to back office) and long-term growth strategy, working closely with all stakeholders – clients, brokers, IT and other internal teams to ensure timely and budget-compliant delivery.

Requirements

A track record of client interaction, specifically bank Traders, with whom the applicant is comfortable discussing both existing market conventions and future electronification
Proven ability to work and deliver technical solutions
Experience in managing development teams located across multiple geographies
Experience to run stakeholder forums to review cost benefit analysis with the regional and global stakeholders
Experience in preparing and present workflow artefacts (Visio and Project plans)
Direct exposure to end users in the region, preferably FX Traders, with whom the applicant can grow a network of contacts to help develop new product ideas.
Demonstrate an understanding of the technical and commercial aspects of the product and business

Nice To Haves

Working understanding of APIs and connectivity to external parties.
Straight Thru Processing providers and Clearing House processes
Previous experience providing technical support to Front office functions in a financial institution

Responsibilities

Translate business strategy into product strategy
Own the product roadmap
Execute product strategy
Engage with key clients to gather feedback, validate product concepts, and identify pain points. Use this input to shape the product roadmap and prioritize enhancements.
Work with client e-FX teams to develop and grow API connectivity across our customer base, improving the quality of electronic liquidity into our venues.
Drive action throughout the organization to get products to market
Plan and carry out product launches
Provide insight to stakeholders on the product and market
Write high-level requirements
Manage all aspects of in-life products, including customer feedback, requirements, and issues.
Leads Regional Product management team in product development, strategy, and redesign from concept through development and manufacturing to market launch.
Assesses market competition by comparing the company’s product to competitors’ products.
Introduces and markets new products by developing time-integrated plans with sales, advertising, and production.
Maintain a working understanding of external connectivity including but not limited to FIX protocol.
Remain abreast with any regulatory changes which may impact the regional businesses.
Work with local ops and IT teams to document detailed change requests and defects of system functionality using management tools such as Jira - based on feedback from users either during UAT or production usage (small CR’s)
Provide training for users of the system - Brokers, middle office and IT
Produce detailed user manuals and training guides
Produce detailed documentation on system functionality
champion regional technology requirements in global forums and articulate both the commercial and technical details around these.
Create a regional product roadmap with the agreement of various stakeholders and ensure delivery of the same.
Communicate the current status of the rollout schedule to the project and program managers
Highlight and communicate issues that may introduce risk to the project schedule
Form a close working relationship with support teams
Work closely with the development project team to receive prioritization and schedule updates