Product Manager, Digital Assets - CSD & Settlement

Euronext Paris SA; Paris; On-site; EUR 90,000 - 140,000; Full time

Job summary

Euronext Paris SA is hiring a Product Manager, Digital Assets – CSD & Settlement to shape the next generation of capital markets. Based in Paris or London, you will own product workstreams from issuance to settlement, aligning with CSDR and DLT contexts.

You bring 5+ years in CSD/ICSD or custodian roles, experience with tokenised securities and a practical understanding of settlement workflows, sometimes across T2S.

Qualifications

• At least five years inside a CSD, ICSD or custodian in settlement, issuance or asset servicing.
• Deep knowledge of securities settlement lifecycle and finality.
• Understanding CSDR notary, settlement services and holdings across accounts.
• Product management or service development experience in market infrastructure.
• Experience leading cross‑CSD initiatives and readiness activities.
• Fluency in English.

Responsibilities

• Designing digital‑asset products and operating models for issuance, custody, settlement and lifecycle events.
• Defining CSD issuance and settlement for tokens, including on‑chain reconciliation.
• Defining settlement workflows and DLT adaptations for tokenised securities.
• Defining asset servicing for tokenised securities and related reconciliations.
• Collaborating with Legal, Compliance, Risk and Operations on regulatory requirements (CSDR, DLT Pilot Regime).
• Owning a product workstream backlog and monitoring adoption, settlement performance and exceptions.

Skills

CSD/ICSD experience

Settlement expertise

Tokenised securities

DLT / Web3 interest

English fluency

Roadmap ownership

Tools

ISO 20022

T2S

CSDR

Job description

Product Manager, Digital Assets - CSD & Settlement

Are you ready to shape the future of capital markets?

We are looking for a Product Manager, Digital Assets - CSD & Settlement to join the Digital Assets team.

The position will be based in Paris or London, and start ASAP. You will report to the CPO Digital Asset. We are seeking someone with hands‑on central securities depository (CSD), international central securities depository (ICSD) or custodian experience, particularly in securities settlement, who wants to apply it to tokenised securities. An interest in digital assets and Web3 is required; previous experience in these areas is not.

Key Responsibilities

• Designing digital‑asset products and operating models covering securities issuance, custody, settlement and lifecycle events
• Defining how CSD issuance and settlement work for tokens: issuance against CSD positions, minting and burning, the register as legal record and reconciliation of CSD books with on‑chain supply
• Defining settlement workflows, including matching, delivery‑versus‑payment, reconciliation and exception handling, and how CSD and TARGET2‑Securities (T2S) processes adapt for tokenised securities
• Defining asset servicing for tokenised securities (coupons, redemptions, corporate actions) and how custodians and linked CSDs receive and reconcile it
• Working with Legal, Compliance, Risk and Operations to address regulatory requirements, settlement finality, asset protection and operational readiness, including under the Central Securities Depositories Regulation (CSDR) and the Distributed Ledger Technology (DLT) Pilot Regime
• Owning a product workstream and its backlog through to launch, contributing to roadmap prioritisation alongside the Chief Product Officer and monitoring adoption, settlement performance and exception rates

Candidate Profile

• At least five years inside a CSD, ICSD or custodian in settlement, issuance or asset servicing, ideally including a T2S migration or a digital‑securities project
• Deep knowledge of securities settlement (matching, delivery‑versus‑payment, finality, fails) and of the lifecycle from issuance to corporate actions
• Understanding of CSDR notary, central maintenance and settlement services, and of how holdings are recorded across CSD, custodian and investor accounts
• Product management, business analysis or service development experience in securities‑market infrastructure, including owning a roadmap or backlog
• Experience leading initiatives across CSDs, custodians and settlement banks, agreeing operating models, responsibilities and controls
• Experience running participant market testing and readiness for a CSD migration or new service
• Exposure to cross‑CSD links, ISO 20022 settlement messaging or custodian connectivity
• Fluency in English

Nice to Have

• Involvement in a CSD digital‑securities platform, a DLT Pilot Regime project, the UK Digital Securities Sandbox or Eurosystem DLT trials
• Familiarity with DLT‑based settlement, digital custody, smart contracts or digital forms of cash
• Knowledge of blockchain, DLT, decentralised finance or crypto, even just as a user rather than professionally, is much appreciated
• Experience preparing a CSDR authorisation, DLT Pilot Regime application or other regulatory filing
• Knowledge of a Euronext Securities market: Denmark, Italy, Norway or Portugal

Working With Us

• Being part of a European, international and diverse team – Collaborate across borders with talented colleagues connected by a shared ambition and purpose.
• Learning as you grow – Develop your skills through continuous learning, real responsibilities and flexible career paths that evolve with you.
• Having an impact – Contribute to projects that matter, in an agile and dynamic environment where your ideas help drive progress.
• Driving sustainability – Play an active role in building transparent, responsible and sustainable capital markets for the long‑term.

Euronext Values Unity

• We respect and value the people we work with
• We are unified through a common purpose
• We embrace diversity and strive for inclusion

Euronext Values Integrity

• We value transparency, communicate honestly and share information openly
• We act with integrity in everything we do
• We don’t hide our mistakes, and we learn from them

Agility

• We act with a sense of urgency and decisiveness
• We are adaptable, responsive and embrace change
• We take smart risks

Energy

• We are positively driven to make a difference and challenge the status quo
• We focus on and encourage personal leadership
• We motivate each other with our ambition

Accountability

• We deliver maximum value to our customers and stakeholders
• We take ownership and are accountable for the outcome
• We reward and celebrate performance

We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.

Additional Information

This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent to add more tasks, projects. Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody to solutions for issuers and investors. Euronext operates MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. In addition, Euronext provides clearing and settlement services through Euronext Clearing and its Euronext Securities central securities depositories (CSDs) in Denmark, Italy, Norway and Portugal. Euronext’s regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host a broad range of listed issuers, a strong blue‑chip franchise and the largest global center for debt and fund listings.

For the more information, please visit our career website.