Director, Product Management - Clearing

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services.

• Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in Germany, Hong Kong, and Gibraltar.
• Coin Desk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries.
• Coin Desk Data – a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics.
• Coin Desk Insights – a digital asset media and events provider and operator of , a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.

Head of Product

We are seeking a visionary and seasoned Product Management Leader to spearhead Bullish's expansion into the US regulated derivatives market. As the Director of Product Management, you will own the strategic roadmap and execution for launching our US derivatives business, covering the full scope of a Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO). In this pivotal role, you will build and lead the product team responsible for bringing crypto perpetual futures, dated futures, and options to US institutional clients.

You will serve as the primary product architect for our US market entry, synthesizing complex regulatory requirements with Bullish’s cutting‑edge technology to create a compliant, high‑performance trading ecosystem. This is a unique opportunity for a “builder” with deep traditional market structure experience who is ready to define how digital assets and regulated derivatives converge. You will not only define the product but also help shape the culture and operational standards of our growing US presence.

• Define the end‑to‑end product strategy for the US market, ensuring alignment with Bullish’s global vision while meeting the specific commercial and regulatory needs of US institutional investors.
• Hire, mentor, and lead a high‑performing product team to execute the US roadmap.
• Partner closely with Legal, Compliance, and Executive Leadership to navigate the CFTC application and approval process, ensuring product definitions align with FCM, DCM, and DCO license requirements.
• Oversee the full lifecycle of US derivative products—from initial concept and regulatory approval to launch, liquidity acquisition, and maturity.
• Lead collaboration across Engineering, Quantitative Research, Risk, Operations, and Sales to ensure the platform is “market‑ready”, including robust clearing workflows, margin methodologies, and reporting infrastructures.
• Define product success metrics, adjusting strategy based on data‑driven insights and market feedback.
• Serve as the “face” of the product, representing Bullish in conversations with regulators, key institutional clients, and strategic partners.
• Support and champion Product Management best practices, ensuring rigorous documentation, agile delivery, and seamless integration with global product processes.

• Bachelor’s degree in Finance, Engineering, Economics, or related field; MBA or advanced degree preferred.
• 10+ years of product management or relevant leadership experience in financial services, with a specific focus on derivatives trading and market structure.
• Demonstrated success in launching new exchanges, clearinghouses, or complex financial products from scratch within a regulated US environment.
• Deep understanding of CFTC regulations and the operational nuances of running an FCM, DCM, and DCO.
• Exceptional track record of managing and developing product teams, with the ability to inspire and align cross‑functional stakeholders.
• Strong ability to engage with engineering teams on complex topics such as…