Product Strategy, FCM / Futures Clearing Specialist - Vice President

This role sits within State Street Markets (SSM) and the Execution, Financing, and Clearing (EFC) franchise, which includes SSM’s Secured Financing, Prime Services, and Agency Lending business lines. The EFC franchise provides secured financing and cash investment solutions to the buyside community. The Product Strategy team drives new product design and development critical to implementing our client-focused solution set and strategic roadmap. This VP role supports the design, development, and implementation of SSM’s broader Futures Commission Merchant (FCM) strategy, focusing on listed futures and options execution and clearing.

Responsibilities

• Drive product development efforts by collaborating with cross-functional teams to define, design, and implement solutions and operating models for complex initiatives, focusing on SSM’s FCM strategy, including 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 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.

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 within defined timeframes.
• Intellectual curiosity and creativity combined with attention to detail; ability to distill complex concepts for varied audiences.
• Entrepreneurial and self-directed—operates as an owner.

Qualifications

• 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.
• Strong understanding of FCM registration and the associated regulatory framework (CFTC/NFA, exchange and clearinghouse membership requirements, customer protection and segregation frameworks, etc.).
• Familiarity with FICC-cleared repo indirect access models is preferred.

Pay

$110,000 - $188,750 annual. The range applies to the role in the primary location specified; if the candidate works outside this location, the applicable range may differ.

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 Employee Assistance Program.
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans).
• Eligibility for certain tax-advantaged savings plans.