Director, Product Management - Clearing

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In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. For more information on Bullish, please visit https://bullish.com . CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

Reports to:

Head of Product

Position Overview

We are seeking a visionary and seasoned Product Management Leader to spearhead Bullish's expansion into the US regulated derivatives market. As the Director of Product Management, you will own the strategic roadmap and execution for launching our US derivatives business, covering the full scope of a Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO).

In this pivotal role, you will build and lead the product team responsible for bringing crypto perpetual futures, dated futures, and options to US institutional clients. You will serve as the primary product architect for our US market entry, synthesizing complex regulatory requirements with Bullish’s cutting-edge technology to create a compliant, high-performance trading ecosystem.

This is a unique opportunity for a "builder" with deep traditional market structure experience who is ready to define how digital assets and regulated derivatives converge. You will not only define the product but also help shape the culture and operational standards of our growing US presence.

Responsibilities: 

• Define the end-to-end product strategy for the US market, ensuring alignment with Bullish’s global vision while meeting the specific commercial and regulatory needs of US institutional investors.

• Hire, mentor, and lead a high-performing product team to execute the US roadmap.

• Partner closely with Legal, Compliance, and Executive Leadership to navigate the CFTC application and approval process, ensuring product definitions align with FCM, DCM, and DCO license requirements.

• Oversee the full lifecycle of US derivative products—from initial concept and regulatory approval to launch, liquidity acquisition, and maturity.

• Lead collaboration across Engineering, Quantitative Research, Risk, Operations, and Sales to ensure the platform is "market-ready", including robust clearing workflows, margin methodologies, and reporting infrastructures.

• Define product success metrics, adjusting strategy based on data-driven insights and market feedback.

• Serve as the "face of the product", representing Bullish in conversations with regulators, key institutional clients, and strategic partners.

• Support and champion Product Management best practices, ensuring rigorous documentation, agile delivery, and seamless integration with global product processes.

Qualifications:

• Bachelor’s degree in Finance, Engineering, Economics, or related field; MBA or advanced degree preferred.

• 10+ years of product management or relevant leadership experience in financial services, with a specific focus on derivatives trading and market structure.

• Demonstrated success in launching new