LSEG
Director, Futures Clearing Product (FCM / Listed Rates)
United States · Work style not stated · Full time
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About the role
Description from the employer’s posting. Check the employer’s page for the current version.
- EmployerLSEG
- LocationUnited States
- Work styleWork style not stated
- Employment typeFull time
- Employer posted
Director, Futures Clearing Product (FCM / Listed Rates) - New York, Hybrid
We are hiring a Director of Product Development to lead the build-out of futures clearing, focused on workflows used by FCMs, clearing brokers, and client service teams. This role is about improving how futures markets actually operate day to day, from trade capture through to clearing and post-trade, with a clear emphasis on client experience and operational efficiency.
Candidates from major futures hubs such as Chicago or other US financial centres are strongly encouraged!
This role is focused on futures and listed derivatives clearing. Candidates whose experience is primarily OTC with limited exposure to futures workflows find it less aligned.
You will report to the Head of Product Development, SwapClear & Listed Rates.
What you will do
Own the build-out of futures clearing workflows, focusing on real-world processes such as trade capture, allocations, give-ups and take-ups, and post-trade exception handling Lead improvements in how client activity flows through the clearing lifecycle, reducing friction across onboarding, trade processing, and position management Define and deliver a roadmap that reflects how FCMs and client service teams actually operate, translating day-to-day pain points into practical product enhancements Work closely with exchanges, FCMs, and internal engineering teams to define and optimise venue to CCP integration flows Drive adoption by engaging directly with clearing members, trading desks, and post-trade teams to translate real workflows into product enhancements Ensure strong product governance, prioritisation discipline, and delivery against measurable outcomes
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What you will bring
Hands-on experience in futures and options or exchange-traded derivatives (ETD), with a strong understanding of clearing and post-trade workflows Background in FCM product, futures operations, or client service teams, with direct exposure to how trades are processed and supported Practical knowledge of core futures workflows including give-ups, allocations, position management, and reconciliation Experience working with or alongside exchanges such as CME, ICE, or Eurex, or clearing brokers and FCMs Proven ability to deliver platform or process improvements in market infrastructure, clearing, or post-trade environments Strong stakeholder management across operations, engineering, sales, and external clients A hands-on, delivery-focused mindset with attention to detail and ownership of outcomes
Desirable
Some exposure to OTC rates clearing or products (helpful but not required) Familiarity with vendor platforms such as FIS, ION, or similar infrastructure providers
Background
Typically 5+ years in product, operations, client service, or post-trade roles within derivatives markets, with a clear focus on futures or listed products.
Working arrangements
New York based with a hybrid schedule. Relocation support can be considered for strong candidates, particularly from major futures hubs such as Chicago or other US financial centres.
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 privacy notice 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, your rights and how to contact us as a data subject.
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.
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At a glance
- Employment typeFull time
- Employer posted
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Skills in this posting
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