Product Strategy, FCM​/Futures Clearing Specialist - Vice President

Product Strategy, FCM / Futures Clearing Specialist - Vice President Why this role is important to usThe team you will be joining is a part of State Street Markets (SSM). The Execution, Financing, and Clearing (EFC) franchise which includes SSM’s Secured Financing, Prime Services, and Agency Lending business lines - provides a spectrum of secured financing and cash investment solutions to the buyside community.

Our 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.

What you will be responsible forAs 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.

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

What we value

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 time frames

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

Education &

Preferred 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 clearingA 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

S…