Product Manager - Derivatives

The role

The Product Manager will define and drive new product initiatives and manage a portfolio of existing products across Alpaca Derivatives. This role involves creating the roadmap for futures and prediction markets features while collaborating with internal management and business stakeholders.

What you will do

• Own derivatives products with a focus on listed futures and prediction markets.
• Drive derivatives product strategy by analyzing ROI, market competition, regulatory requirements, and build-vs-buy scenarios.
• Contribute to the product roadmap and product strategy.
• Write product requirements and work with engineers to execute builds.
• Lead customer and partner calls to gain insights for product improvements.
• Participate in engagements with the CFTC, NFA, exchanges, and clearing organizations.
• Report on product status and results to internal and external stakeholders.
• Improve derivatives operation efficiency regarding margin, clearing, settlement, and trading-risk workflows.
• Collaborate with operations, risk, and compliance teams.
• Perform ad hoc duties and projects as assigned.

Required qualifications

• Strong understanding of CFTC and NFA frameworks, FCM market structure, and the listed derivatives landscape.
• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup.
• Demonstrated interest and experience in futures, prediction markets, listed derivatives, or adjacent trading / brokerage infrastructure.
• Strong communication skills, both written and verbal, with excellent collaboration abilities.
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.

Nice to have

• Experience and background working on and developing futures, prediction markets, or other listed derivatives products.
• Technical background working with APIs, particularly in financial services or trading platforms.
• NFA Series 3 (or the ability to obtain it), or other CFTC/NFA-recognized credentials.
• Experience launching or operating inside an FCM, DCM, DCO, or other regulated derivatives venue.
• Familiarity with portfolio margin, cross-asset margin, institutional execution, or Prime Brokerage-adjacent workflows.
• Experience working at a fintech, startup, broker-dealer, FCM, or exchange.
• Knowledge of prediction market structure, event-contract design, and the regulatory overlay.

Benefits

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card

About the company

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. The company serves hundreds of financial institutions across 40 countries with institutional-grade APIs.