Product Strategy, FCM / Futures Clearing Specialist - Vice President
About The Position
The Product Strategy team, in alignment with business team leads, drives new product design and development critical to implementing our client-focused solution set and strategic roadmap. Building on this franchise, SSM is establishing a Futures Commission Merchant (FCM) to execute and clear listed futures and options. This VP role has been created specifically to support the design, development, and implementation of SSM’s broader FCM strategy. As a Product Strategy FCM / Futures Clearing Specialist, VP, you will be responsible for developing product strategy, delivering new products, managing regulatory change and providing solutions to our existing clients and pipeline of new clients. The EFC Product Strategy team operates in a fast-paced environment to drive the design, development, and implementation of new or enhanced product offerings across the EFC suite of businesses. The team works hand-in-hand with the Trading, Operations, Relationship Management, Legal, Risk, Finance, Regulatory, Compliance and Technology functions to represent EFC’s products as subject matter experts and ensure all perspectives have been considered and incorporated. Our business operates in a competitive market landscape, and we measure our success by the pace, quality, and amount of new product implementations we bring to market.
Requirements
- Strong, well-rounded understanding of listed futures and options, FCM / futures execution and clearing mechanics, and cross-product margining
- Ability to lead, prioritize and execute multiple simultaneous priorities and initiatives in defined timeframes
- Intellectual curiosity and creativity combined with orientation to detail; keen ability to distil complex concepts for varied audiences
- Entrepreneurial and self-directed – operates as an owner
- +10 years of experience in financial services, with direct experience driving product enhancement at an FCM broker-dealer covering listed futures and options, FCM / futures execution and clearing mechanics, and cross-product margining
- Familiarity with industry-standard IT and risk vendor solutions used by FCMs and/or broker-dealers to support execution and clearing
- A strong understanding of FCM registration and the associated regulatory framework (CFTC/NFA, exchange and clearinghouse membership requirements, customer protection and segregation frameworks, etc.)
Nice To Haves
- Familiarity with FICC-cleared repo indirect access models is preferred
Responsibilities
- Drive product development efforts by collaborating with cross-functional teams to clearly define, design and implement solutions and operating models for complex initiatives, focusing on SSM’s FCM strategy, inclusive of execution and futures clearing, broker-dealer products, and cross-margining capabilities
- Partner with colleagues to identify opportunities to enhance EFC’s product set to promote efficiency, alignment to client needs, and industry trends
- Serve as subject matter expert for EFC’s FCM / Futures Clearing product to assist teams in understanding and successfully delivering client solutions
- Stay abreast of industry developments and represent EFC in industry and client discussions related to clearing, cross-margining, risk / regulatory concepts, and other pertinent topics relevant to an FCM and/or broker-dealer
Benefits
- retirement savings plan (401K) with company match
- insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
- paid-time off including vacation, sick leave, short term disability, and family care responsibilities
- access to our Employee Assistance Program
- incentive compensation including eligibility for annual performance-based awards
- eligibility for certain tax advantaged savings plans
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
