Alpaca is seeking a Product Manager for Derivatives to drive product initiatives and manage existing products in a remote role. The ideal candidate has 5+ years of experience in product management within fintech or derivatives, strong communication skills, and a passion for expanding derivatives...
Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totaling over 10 million brokerage accounts. Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Your Role:
- Own derivatives products for Alpaca, with a primary focus on listed futures and prediction markets.
- Drive derivatives product strategy by analyzing ROI, market competition, regulatory requirements, and build-vs-buy scenarios across venues, clearing, and execution.
- Contribute to the product roadmap and product strategy with a focus on FCM launch readiness, CFTC/NFA-compliant features, and partner demand for futures and prediction markets.
- Write product requirements and work with engineers to execute builds that meet regulatory, exchange, and clearing standards.
- Lead customer and partner calls around derivatives process and product issues to gain insights and translate them into product improvements for Broker API and Trading API clients.
- Participate in engagements with the CFTC, NFA, exchanges, and clearing organizations to drive product strategy and ensure regulatory alignment.
- Report timely and accurately on product status and results to internal and external stakeholders, including regional partners and institutional clients.
- Improve derivatives operation efficiency by providing solutions and owning the metrics, with a focus on margin, clearing, settlement, and trading-risk workflows.
- Collaborate with operations, risk, and compliance teams to ensure seamless integration between Alpaca's global platform and the FCM market infrastructure.
- Ad hoc duties and projects as assigned.
WHO YOU ARE (MUST-HAVES)
- Excited about what Alpaca is building and passionate about expanding derivatives infrastructure for futures and prediction markets.
- Strong understanding of CFTC and NFA frameworks, FCM market structure, and the listed derivatives landscape.
- Bachelor's degree in computer science, engineering, finance, or equivalent.
- 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services, fintech, or derivatives.
- Demonstrated interest and experience in futures, prediction markets, listed derivatives, or adjacent trading/brokerage infrastructure.
- Strong communication skills, both written and verbal, with excellent collaboration abilities.
- Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.
How We Take Care of You:
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.