Director, Product Development, SwapClear & Listed Rates
London Stock Exchange Group, New York, NY, United States
Director, Product Development, SwapClear & Listed Rates page is loaded## Director, Product Development, SwapClear & Listed Rateslocations:
New York, United Statestime type:
Full timeposted on:
Posted Todayjob requisition id:
R0117549## Director, Product Development — Listed Rates (New York, Hybrid)**Help modernize interest rates clearing that institutions rely on every day!**
We’re looking for a Director of Product Development to shape the strategy, roadmap, and delivery of **Listed Rates** clearing products and services. Experience across OTC Rates is a strong plus. You’ll work across the full product lifecycle—from market discovery and business cases, to venue‐to‐CCP integration, delivery with engineering, operational readiness, and commercial adoption with Sales and Onboarding. You’ll report to the **Head of Product Development, SwapClear & Listed Rates**. (No direct reports on day one.)### What you’ll do* **Own the Listed Rates re‐platform** through launch: define scope and requirements, maintain acceptance criteria and traceability, coordinate readiness, and guide launch.* **Set the next‐phase roadmap**: expand contract coverage, improve client experience, strengthen risk and margin features, and scale for resilience and performance. Contribute to product strategy for the wider OTC franchise and support the full customer experience.* **Grow adoption**: partner with customer facing teams to progress new clearing memberships, reduce onboarding friction, and articulate a clear value proposition.* **Design the venue to CCP boundary**: steward functional/technical flows (trade capture, allocations, give‐ups/take‐ups, corrections, exercise/assignment, settlement) with venues and internal teams.* **Run strong product governance**: keep backlogs transparent, priorities evidence‐based, and delivery aligned to risk, control, and change standards.* **Champion service quality**: collaborate with Operations/Run to ensure SLAs, tooling, controls, and client support are fit for purpose and scale as volumes grow.* **Represent the product**: capture market feedback from trading desks, clearing members, and ISVs; translate insights into clear, data‐driven decisions.### What you’ll bring* Deep experience in **Listed Rates derivatives**—contract mechanics, lifecycle events, and post‐trade flows for futures and options on rates.* Desirable: **OTC Rates clearing** exposure (product mechanics, valuation and risk, member/client use cases).* Practical knowledge of **venue to CCP integrations** (messages/flows, reference data, average price, block workflows, reconciliation).* A track record delivering sophisticated platform changes or large‐scale product initiatives in **market infrastructure, exchanges, CCPs, or Tier‐1 institutions**.* Clear, calm stakeholder leadership across **engineering, change, operations, sales, and external partners**.* Product craft: prioritization, dependency management, measurable outcomes, and comfort using data to make decisions and owning the detail.* Nice to have: familiarity with **fintech infrastructure** (e.g., FIS, ION).### Background* Typically **5+ years** in derivatives product development or adjacent roles (market infrastructure, clearing, or front/middle office).* Degree or equivalent experience in **Finance, Economics, Engineering** or related field preferred; advanced credentials welcome.### What success looks like in your first 12 months* **Re‐platform delivered** to agreed scope and schedule with the right controls and readiness in place.* **Phase‐two roadmap approved** through governance, with measurable client value and risk/control outcomes.* **Membership growth**: prospects advanced to signed agreements and live activity against targets.* **Venue to CCP KPIs** established and improving (timeliness, reconciliation health, exception rates).### Working arrangementsThis role is **New York‐based** with a **hybrid** schedule. Core hours align to **U.S. Eastern Time**. On‐site collaboration days and flexible working follow local guidance and team needs.### **Career Stage:**Director**Compensation/Benefits Information:**LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $167,000 - $278,300.Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/”bonus plan”). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.**London Stock Exchange Group (LSEG) Information:**Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.Our purpose is the foundation on which our culture is built. Our values of **Integrity, Partnership**, **Excellence** and **Change** underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.Please take a moment to read this
carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, .If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Our culture of connecting, creating opportunity and #J-18808-Ljbffr
New York, United Statestime type:
Full timeposted on:
Posted Todayjob requisition id:
R0117549## Director, Product Development — Listed Rates (New York, Hybrid)**Help modernize interest rates clearing that institutions rely on every day!**
We’re looking for a Director of Product Development to shape the strategy, roadmap, and delivery of **Listed Rates** clearing products and services. Experience across OTC Rates is a strong plus. You’ll work across the full product lifecycle—from market discovery and business cases, to venue‐to‐CCP integration, delivery with engineering, operational readiness, and commercial adoption with Sales and Onboarding. You’ll report to the **Head of Product Development, SwapClear & Listed Rates**. (No direct reports on day one.)### What you’ll do* **Own the Listed Rates re‐platform** through launch: define scope and requirements, maintain acceptance criteria and traceability, coordinate readiness, and guide launch.* **Set the next‐phase roadmap**: expand contract coverage, improve client experience, strengthen risk and margin features, and scale for resilience and performance. Contribute to product strategy for the wider OTC franchise and support the full customer experience.* **Grow adoption**: partner with customer facing teams to progress new clearing memberships, reduce onboarding friction, and articulate a clear value proposition.* **Design the venue to CCP boundary**: steward functional/technical flows (trade capture, allocations, give‐ups/take‐ups, corrections, exercise/assignment, settlement) with venues and internal teams.* **Run strong product governance**: keep backlogs transparent, priorities evidence‐based, and delivery aligned to risk, control, and change standards.* **Champion service quality**: collaborate with Operations/Run to ensure SLAs, tooling, controls, and client support are fit for purpose and scale as volumes grow.* **Represent the product**: capture market feedback from trading desks, clearing members, and ISVs; translate insights into clear, data‐driven decisions.### What you’ll bring* Deep experience in **Listed Rates derivatives**—contract mechanics, lifecycle events, and post‐trade flows for futures and options on rates.* Desirable: **OTC Rates clearing** exposure (product mechanics, valuation and risk, member/client use cases).* Practical knowledge of **venue to CCP integrations** (messages/flows, reference data, average price, block workflows, reconciliation).* A track record delivering sophisticated platform changes or large‐scale product initiatives in **market infrastructure, exchanges, CCPs, or Tier‐1 institutions**.* Clear, calm stakeholder leadership across **engineering, change, operations, sales, and external partners**.* Product craft: prioritization, dependency management, measurable outcomes, and comfort using data to make decisions and owning the detail.* Nice to have: familiarity with **fintech infrastructure** (e.g., FIS, ION).### Background* Typically **5+ years** in derivatives product development or adjacent roles (market infrastructure, clearing, or front/middle office).* Degree or equivalent experience in **Finance, Economics, Engineering** or related field preferred; advanced credentials welcome.### What success looks like in your first 12 months* **Re‐platform delivered** to agreed scope and schedule with the right controls and readiness in place.* **Phase‐two roadmap approved** through governance, with measurable client value and risk/control outcomes.* **Membership growth**: prospects advanced to signed agreements and live activity against targets.* **Venue to CCP KPIs** established and improving (timeliness, reconciliation health, exception rates).### Working arrangementsThis role is **New York‐based** with a **hybrid** schedule. Core hours align to **U.S. Eastern Time**. On‐site collaboration days and flexible working follow local guidance and team needs.### **Career Stage:**Director**Compensation/Benefits Information:**LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $167,000 - $278,300.Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/”bonus plan”). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.**London Stock Exchange Group (LSEG) Information:**Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.Our purpose is the foundation on which our culture is built. Our values of **Integrity, Partnership**, **Excellence** and **Change** underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.Please take a moment to read this
carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, .If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Our culture of connecting, creating opportunity and #J-18808-Ljbffr