What are the responsibilities and job description for the Product Manager (Clearing) position at Paul Murphy Associates?
Job Title: Product Manager (Clearing)
Location: Chicago, IL (60607) - Hybrid - 4 days a week in office
Our client seeks a capital markets Product Manager to help develop and deliver the clearing product roadmap for CFTC- and SEC-regulated listed products. This individual contributor will collaborate with Engineering, Infrastructure, Risk, Operations, and Clearing Member Firms’ middle- and back-office teams. Candidates should bring strong product judgment, stakeholder communication, experience incorporating AI, and comfort navigating ambiguity. Clearing expertise is preferred, though adjacent market experience is welcome.
Responsibilities:
- Contribute to product vision and roadmap planning, prioritizing features based on Clearing strategy, regulatory and market developments, business impact, and feasibility.
- Translate stakeholder input, business initiatives, and regulatory requirements into clear, actionable requirements for Engineering, Infrastructure, Risk, and Operations.
- Own assigned feature releases, coordinating timelines and vendor deliverables, partnering with QA on test strategy and release validation, and monitoring performance to identify and address delivery risks and operational issues.
- Serve as the day-to-day Product contact across departments, aligning stakeholders and resolving questions throughout the requirements and release lifecycle.
- Engage Clearing Member Firms and Participating Exchanges for feedback and product support, including back-office and middleware onboarding and education for new integrations and services.
- Mentor Analysts on requirements writing, prioritization, and product best practices.
Requirements:
- 7 years' experience in business analysis or product management, preferably at a Derivatives Clearing Organization (DCO), Covered Clearing Agency, Exchange, Futures Commission Merchant (FCM), Broker-Dealer, or Bank
- Demonstrated ability to own projects independently from requirements through delivery
- Proven experience in Agile and the software development lifecycle
- Proficient in leveraging the Atlassian software suite (including Jira and Confluence) for project management and collaboration
*** Our client offers exceptional benefits for the total wellbeing of their people – including health, financial, personal and social wellness.
- Fair and competitive salary and incentive compensation packages with an upside for overachievement
- Generous paid time off, including vacation, personal days, sick days and annual community service days
- Health, dental and vision benefits, including access to telemedicine and mental health services
- 2:1 401(k) match, up to 8% match immediately upon hire
- Discounted Employee Stock Purchase Plan
- Tax Savings Accounts for health, dependent and transportation
- Employee referral bonus program
- Volunteer opportunities to help you give back to your communities
- Complimentary lunch, snacks and coffee in any office
- Paid Tuition assistance and education opportunities
- Generous charitable giving company match
- Paid parental leave and fertility benefits
- On-site gyms and discounts to other fitness centers