Product Manager – Derivatives

• Define and drive new product initiatives and manage a portfolio of existing products across Alpaca Derivatives, the firm's regulated FCM
• Create and deliver the roadmap for futures and prediction markets features
• Collaborate with internal management and business stakeholders across Alpaca
• Shape product strategy for launching and scaling Alpaca's FCM and bringing listed futures and prediction markets onto the platform
• Own derivatives products, focusing on listed futures and prediction markets
• Analyze ROI, market competition, regulatory requirements, and build-vs-buy scenarios across venues, clearing, and execution
• Contribute to product roadmap and strategy with focus on FCM launch readiness, CFTC/NFA-compliant features, and partner demand
• Write product requirements and work with engineers to execute builds meeting regulatory, exchange, and clearing standards
• Lead customer and partner calls around derivatives process and product issues
• Participate in engagements with the CFTC, NFA, exchanges, and clearing organizations
• Report product status and results to internal and external stakeholders, regional partners, and institutional clients
• Improve derivatives operational efficiency and own metrics focused on margin, clearing, settlement, and trading-risk workflows
• Collaborate with operations, risk, and compliance teams to integrate Alpaca's platform with FCM market infrastructure
• Perform ad hoc duties and projects as assigned

• 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, preferably within financial services, fintech, or derivatives
• 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
• 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 that sits on top of it

• 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