Product Development is a team of subject matter experts, whose function is to engineer and execute the Prime Financial Services strategic business agenda with an emphasis on:

• New or enhanced product and client facing capabilities
• Understanding and fulfilling the regulatory requirements impacting the Prime Financial Services business
• Improving overall efficiency/controls and finding/executing on cost saving opportunities.

This role will entail working directly with the business to achieve compliance with new regulations and changes to existing regulations impacting Prime Financial Services in North America, with a focus on CFTC, SEC & Canada. If you have a strong understanding of Futures and Derivatives Clearing, Securities Lending and Prime Brokerage fundamentals including trade lifecycle, margin, collateral management and the regulatory frameworks impacting derivatives and securities you have found the right team. You must have the ability to absorb large amounts of information, provide direction to implementation teams and deliver synthesized updates to senior stakeholders, client facing teams and external clients. You will partner with Sales & Trading, Client Account Management, Operations, Technology, Legal & Compliance.

Job Responsibilities

• Understand and monitor regulatory consultations, bulletins and rulemakings, coordinating regulatory and industry responses
• Lead and deliver business initiatives completely and strategically by required deadlines to achieve compliance with new regulations and changes to existing regulations
• Commercial awareness of product positioning, and market landscapes to shape strategic solutions
• Establish a network of key contacts across internal prime financial services functional groups and external industry associations/vendor organizations
• Stay aligned with client demand and the evolving regulatory space. Opportunities to look beyond the North America regulatory framework to consider global regulatory initiatives.

Required Qualifications, Capabilities, and Skills

• 7+ years of total professional experience with 5+ years in product management/product development.
• Background in F&O, OTC Clearing, FX Intermediation, Securities Lending and Prime Brokerage with underlying product expertise in Fixed Income, Commodities, Equities and FX asset classes
• Innovative, curious and client centric mindset, able to lead in a highly collaborative environment and push to meet objectives in line with evolving regulatory landscapes
• Ability to think strategically in designing end-to-end solutions, re-engineering business and operational processes as required
• Logical thinking and proficient communication skills, effectively disseminating complex messages to different audiences
• Empower team members and functional partners to succeed and deliver value added solutions to the business, leading multiple streams of work simultaneously
• Fluent in English – both written and verbal

Preferred Qualifications, Capabilities, and Skills

• Compliance, Regulatory Affairs or Program Management skills
• Experience and passion for developing new solutions and creative problem solving and solid judgment/decision making
• Ownership mentality with ability to break down barriers to achieve results