MD Clearing & Post Trade Product Management

This leadership role oversees the strategy and operational excellence for the Clearing portfolio, which delivers value to both internal and external customers through products such as trade capture, post-trade processing, product reference data, risk management, capital efficiencies, banking, collateral management, deliveries, regulatory reporting, and customer reporting. The scope includes Futures, Options on Futures, Cleared Swaps, and Cleared Cash products. The Managing Director ensures alignment with Enterprise strategy, champions a seamless customer experience, and leads a team of senior Product Managers and Product Owners.

Responsibilities

• Defines and maintains portfolio strategy and roadmap based on enterprise and business goals
• Establishes business priorities and guardrails to guide demand intake and fund allocations
• Thinks strategically, using innovative methods to solve problems with an enterprise-wide mindset
• Drives cross-portfolio alignment and seeks guidance from the MT as necessary
• Proactively communicates portfolio strategy effectively to stakeholders across the organization
• Reviews budget requests and secures portfolio budgets from MT (annual/ad-hoc for critical initiatives)
• Reviews and approves fund requests for strategic initiatives and product-specific demand
• Defines team structure and allocates resources effectively across the portfolio while mitigating risks
• Leads an organization of Product Managers/Owners, providing coaching, mentoring, and driving team alignment
• Reviews outcomes (using OKRs) and value delivered against fund allocations
• Drives continuous improvement of product capabilities and operational excellence, including waste reduction
• Guides delivery of high-quality products over incremental cycles by resolving impediments
• Embeds design thinking principles into portfolio management to foster client-centricity and innovation
• Stays abreast of industry trends and conducts research to understand user needs and market trends

Requirements

• 15+ years of financial technology experience with deep knowledge of CME customers and platforms
• Experience in Product Management and Change Management
• Experience with agile methodologies
• Minimum 8+ years of experience managing a team (product managers, product owners, and business analysts)
• Experience managing a team under a client-centric Product Operating Model is preferred
• Track record of design thinking and proactive leadership in a highly matrixed, collaborative environment
• Strong expertise in clearing house operations preferred
• Bachelor’s degree in business administration, finance, computer science, or engineering; advanced degree preferred

Skills

• Product Management and Change Management
• Agile methodology
• Deep understanding of Critical User Journeys for clearing with end-to-end ecosystem
• Understanding of portfolio and budgeting concepts
• Excellent leadership and communication skills for a client-facing role
• Strong understanding of agile concepts with certification in SAFe Lean Portfolio Mgmt (LPM) and/or Product Management
• Working knowledge of Enterprise SAFe, Agile, Lean, and/or Iterative Development methodologies

Pay

The pay ranges for this role based on location are:

• Chicago: $261,800–$436,300
• New York/New Jersey: $261,800–$436,300

Actual salary offered will depend on factors including relevant experience, skills, education, and internal equity. The compensation program also includes an annual target bonus opportunity and broad-based equity program.

Benefits

• Comprehensive health coverage
• Retirement package including both a 401(k) and an active pension plan
• Highly competitive education reimbursement provisions
• Paid time off
• Mental health benefits