Product Manager, Clear Street
Fixed Income Clearing
4+ days a week in office
Modern infrastructure for capital markets
Posted today
Modern infrastructure for capital markets
201-500 employees
Posted today
4+ days a week in office
201-500 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- This candidate must have strong verbal and written communication skills and the ability to write detailed business requirements and design documents as they relate to the specific needs of clearing capturing, clearing, and settling fixed income trades and communicating those needs to business and technology stakeholders
- At least ten (10) years of professional experience as a product manager, business analyst, project manager or program manager
- At least five (5) years of experience in fixed income clearing systems
- Familiarity with Instrument and account master reference data Middle office operations and / or trade support experience
- Knowledge of the full life cycle of a trade in a variety of products Familiarity with FIX protocol and swift messaging
- Expertise in Fixed Income trading (repo and cash), settlement, and clearing
- The ability to run basic to intermediate SQL queries
What the job involves
- We are seeking a Product Manager that has specific broker dealer fixed income clearing experience and can take ownership of business requirements and see them through to completion
- The ability to obtain a deep understanding of a prime brokerage clearing system and an expert level understanding of touchpoints between system components and downstream impacts of system changes
- Knowledge of DTC and Fed settlements as well experience in either building or product ownership of integrations with FICC (GSD, CMU, MBS) for Repo and Cash transactions
- A passion for process improvement in the prime brokerage clearing space
- Ability to outline and train engineering staff for build out of platform
- Strong operations reconciliation experience (DTC, OCC, Sub Custodian, Cash, P&S, etc)
- The ability to triage and / or troubleshoot production issues with a sense of urgency opportunity to join a small and growing team of good people, where you can make a difference
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody, and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street is now gearing up for a period of rapid expansion, both geographically and across the financial services industry. Securing funding in 2023 from Prysm Capital, the company has money to play with as it continues to pursue better infrastructure for capital markets.
Kirsty
Company Specialist
Insights
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company values
- It's all about the people: At Clear Street, our top priority is our people. We are continuously investing in a culture that promotes collaboration. We help each other through challenges, and celebrate each other's successes.
- Our workplace philosophy: We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. At Clear Street, we put in the effort to make such a workplace a daily reality.
Company HQ
World Trade Center, New York, NY
Articles
Leadership
Chris Pento
(CEO)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(CTO)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Executive Chairman)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
People progressing
Joined as an Executive Assistant. Since then, Tori has been promoted thrice, first to People and Culture Coordinator, and then to Communications Associate before becoming a Senior Marketing Associate.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 16 more jobs at Clear Street