Full-Time

Senior Product Manager

Post Trade, Cleared Derivatives

Confirmed live in the last 24 hours

ION Group

ION Group

1,001-5,000 employees

Automation technology for financial sector

Fintech
Financial Services

Senior

Chicago, IL, USA

Position requires onsite presence in Chicago.

Category
Product Management
Product
Required Skills
Agile
Product Management
JIRA
SCRUM
Requirements
  • Degree educated
  • 10+ years working in finance, or financial technology at a bank/FCM, software vendor, or exchange, with understanding of global derivatives markets
  • Knowledge of the exchange traded derivatives (ETD) clearing and settlement process
  • Ability to analyze customers' business problems, specifying business requirements and their solution at a functional level, using an agile approach
  • Ability to communicate confidently and concisely (both oral and written) using specialist business acumen
  • Excellent team management skills
  • Strong technical awareness
  • Direct knowledge of vendor post-trade platforms (including risk-management) or in-house developed solutions.
  • Direct knowledge of cleared OTC post-trade life cycle from clearing to settlement, including reporting (IRS, CDS, FX NDF products).
  • Direct experience with US regulatory framework and reporting requirements for cleared derivatives
  • Direct experience with US tax regulatory framework and tax reporting requirements
  • Experience of the software development lifecycle, including agile methods, SCRUM, definition of use cases, knowledge of JIRA as the related supporting tool.
  • Experience writing business requirements and product specifications, with a background in Business Analysis or Product Management
Responsibilities
  • Senior product liaison for US based clients, exchanges, regulators and industry bodies.
  • Gather and document client business requirements and forthcoming US exchange and regulatory initiatives, liaising with the XTP Product Owner and the development team to schedule the related enhancements.
  • Working within the Product Management team, utilising your industry experience you will assist in the functional evolution of ION’s Cleared Derivatives offering (front, middle and back), with focus on XTP’s post-trade suite.
  • Manage the US post-trade product management team, overseeing timely delivery of assigned tasks, ensuring their quality standards are met as expected. Mentor the team to ensure their professional growth, recognising talent and promoting longer term career potential within ION Cleared Derivatives.
  • Leading XTP Implementation Analysis engagements, attending client workshops and documenting requirements across the ION solutions in scope
  • Take ownership of a specific product line, function or asset class (e.g. Cleared OTC) within the Cleared Derivatives Product Management team, immediately or over time, depending on your specific product knowledge and experience
  • Regularly attend major US cleared derivatives industry conferences
  • Participate in FIA-led initiatives and attend FIA working groups and committees as ION’s US cleared derivatives representative.
  • Work with development teams to ensure solutions meet business requirements, including testing new functionality
  • Effectively communicate to all interested parties on new initiatives and updates on existing initiatives and services
  • Support the Technical Account Management and Commercial Account Management teams in customer meetings and calls as a subject matter expert
  • Liaising with the Sales team, provide assistance for the following activities:
  • Preparation of demos and related client meetings, attending as an industry subject matter expert (SME)
  • Provision of questionnaire responses and any material required for submission of RFP bids within the timelines indicated by clients
  • General pre-sales activities including preparation of commercial proposals and related supporting materials

ION Group specializes in automation technology tailored for the financial sector, primarily serving institutional clients like investment banks, asset managers, and brokers. The company provides advanced software solutions that enhance trading, processing, and risk management activities in global financial markets. ION's products include sophisticated software platforms and APIs that enable clients to connect seamlessly to various trading venues and exchanges, ensuring efficient and accurate transactions. Unlike many competitors, ION stands out by continuously acquiring entrepreneurial firms, which allows it to remain agile and responsive to market changes. The company's goal is to enhance efficiency and reduce operational risks for its clients through innovative automation technology.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$426.5M

Headquarters

London, United Kingdom

Founded

1998

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

3%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • ION's partnerships, such as with Abaxx Commodity Futures Exchange, enhance their market reach and technological capabilities.
  • The integration of fixed income solutions with XTP Execution demonstrates ION's commitment to expanding connectivity and improving client access to various markets.
  • Recognition in prestigious lists like the FinCrimeTech50 and awards for innovation highlight ION's industry leadership and potential for continued growth.

What critics are saying

  • The highly competitive financial technology sector requires constant innovation to maintain market position.
  • Integration challenges from frequent acquisitions could lead to operational inefficiencies and cultural clashes.

What makes ION Group unique

  • ION Group's focus on automation technology specifically tailored for the financial sector sets it apart from more generalized software providers.
  • Their strategy of acquiring entrepreneurial firms allows ION to remain agile and responsive to market changes, unlike larger, less flexible competitors.
  • ION's comprehensive suite of APIs and software platforms ensures seamless trading and processing, providing a competitive edge in efficiency and accuracy.

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Benefits

Health, dental, and vision insurance

AD&D and disability insurance

Flexible spending account

Health savings account

Life insurance

Mental health care

401K plan

Performance bonus

Supplemental workers' compensation

Family medical leave & parental leave

PTO, paid holidays, sick days, bereavement leave, and volunteer time off

Commuter checks

Company social events

Employee assistance program

Free lunch

mobile phone discount