Product Manager, Digital Assets - CSD & Settlement

Euronext; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Euronext is seeking a Product Manager, Digital Assets - CSD & Settlement to join our Digital Assets team. The role can be based in Paris or London and starts ASAP, reporting to the CPO Digital Asset.

You will bring hands-on CSD/ICSD or custodian settlement experience and apply it to tokenised securities, shaping issuance, custody, settlement and lifecycle handling in a fast-moving capital markets environment.

Qualifications

• Five years inside a CSD, ICSD or custodian focused on settlement, issuance or asset servicing.
• Deep knowledge of securities settlement lifecycle and related processes.
• Understanding of CSDR notary, central maintenance and settlement services.
• Product management or backlog ownership in securities-market infrastructure.
• Experience leading cross-CSD initiatives and readiness testing.

Responsibilities

• Design digital-asset products and operating models for issuance, custody, settlement and lifecycle events.
• Define how tokenised securities issuance and settlement work with CSD positions, minting/burning and on-chain reconciliation.
• Define settlement workflows including matching, DVP, reconciliation and exception handling across tokenised assets and CSD/T2S processes.
• Collaborate with Legal, Compliance, Risk and Operations to address regulatory requirements (CSDR, DLT Pilot Regime).
• Own a product workstream and its backlog through launch, monitoring adoption and settlement performance.

Skills

CSD/ICSD experience

Securities settlement

Tokenised securities

English fluency

Job description

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.

You Will Primarily Be Responsible For

• 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

Your 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, Not Mandatory

• 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

Join a Company Where Market Infrastructure Is Built On Innovation - And Where Every Innovation Starts With a Bold Mind Asking, \"What's Next?\". At Euronext, We Believe Change Is a Starting Point, Not An Obstacle. We Look For People Who See Growth Opportunities, Think Long Term And Want To Help Shape Capital Markets For Future Generations.

Working With Us Means

• 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. Together, we don't just support markets - we help shape their future.

Euronext Securities is at the forefront of post-trade services and one of the largest Central Securities Depository (CSD) operators in Europe. We deliver cutting-edge settlement, custody and issuance services for both domestic and international markets, supporting clients throughout the entire value chain. Join us and play a key role in advancing secure and resilient securities issuance and settlement.

Join Euronext - Shape capital markets for future generations. Euronext is the leading European capital market covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. We operate eight national stock exchanges, handling 25% of European lit equity trading. Our products include equities, FX, ETFs, bonds, derivatives, commodities and indices. Euronext also provides clearing and settlement services through Euronext Clearing and our network of Euronext Securities CSDs. In addition, Euronext runs MTS, one of Europe's leading electronic fixed income trading markets, and Nord Pool, the European power market. The company has a diverse domestic and international client base. Find out more about us at: Euronext.com

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

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.