MD Clearing & Post Trade Product Management

CME Chicago Mercantile Exchange Inc.; Chicago (IL); On-site; USD 261,780 - 436,300; Full time

Job summary

CME Group is seeking a seasoned leader to define and drive the portfolio strategy and roadmap across enterprise goals. The role leads a team of Product Managers/Owners, mentors staff, and ensures value delivery through OKRs and disciplined portfolio governance.

In this client-focused, matrixed environment, you will apply design thinking to innovate and optimize clearing-related product capabilities, aligning budgets with strategic priorities and stakeholder needs.

Qualifications

• 15+ years of financial technology experience with CME customers and platforms.
• Experience in Product Management and Change Management.
• Experience with agile methodologies.
• Minimum 8+ years of experience managing a team; ideally of similar makeup (product managers, product owners and business analysts).
• Experience managing a team under a client centric Product Operating Model is preferred.
• Track record of design thinking and proactive leadership in a highly matrixed, collaborative environment.
• Strong expertise in clearing house operations preferred.
• Bachelor’s degree in business administration, finance, computer science or engineering; advanced degree preferred.

Responsibilities

• Define and maintain portfolio strategy and roadmap based on enterprise and business goals.
• Define priorities and guardrails to guide demand intake and fund allocations.
• Lead an organization of Product Managers/Owners, providing coaching and mentoring.
• Review outcomes (OKRs) and value delivered against fund allocations.
• Drive continuous improvement of product capabilities and operational excellence.
• Embed design thinking principles into portfolio management and foster client-centric innovation.

Skills

Product Management

Change Management

Agile methodologies

Team leadership

Design thinking

Industry knowledge (clearing/fintech)

Education

Bachelor's degree in business administration/finance/CS/engineering

Tools

SAFe Lean Portfolio Mgmt (LPM)

Enterprise SAFe/Agile frameworks

Job description

Principal Accountabilities

• Defines and maintains portfolio strategy and roadmap based on enterprise and business goals
• Defines business priorities and guardrails to guide demand intake and fund allocations
• Thinks strategically, using innovative methods to solve problems.
• Demonstrates enterprise-wide mindset to deliver organization results
• Drives cross-portfolio alignment and seeks guidance from the MT (as necessary)
• Proactively communicates portfolio strategy effectively to stakeholders across the organization
• Reviews budget requests and seeks portfolio budgets from MT (annual / ad-hoc additional budget for a new critical initiative)
• Reviews and approves fund requests to strategic initiatives, product-specific demand
• Defines team structure and allocates resources effectively across the portfolio mitigating risks proactively
• Leads an organization of Product Manager/Owners, providing coaching/mentoring and driving team alignment
• Reviews outcomes (using OKRs) and value delivered against the fund allocations, and continue to drive towards enterprise and portfolio priorities
• Drives continuous improvement of product capabilities and operational excellence including waste reduction (people, process or technology resources)
• Guides delivery of high-quality products to end users over incremental cycles by working with the product teams and resolving impediments, if any
• Embed design thinking principles into the portfolio management process, fostering a culture of client-centricity and continuous innovation
• Stay abreast of industry trends and conduct research to understand user needs and market trends

Requirements

• 15+ years of financial technology experience with deep knowledge of CME customers and platforms
• Experience in Product Management and Change Management
• Experience with agile methodologies
• Minimum 8+ years of experience managing a team; ideally of similar makeup (product managers, product owners and business analysts)
• Experience managing a team under a client centric Product Operating Model is preferred
• Track record of design thinking and proactive leadership in a highly matrixed, collaborative environment
• Strong expertise in clearing house operations preferred
• Bachelor’s degree in business administration, finance, computer science or engineering; advanced degree preferred

Skills & Software Requirements

• Product Management and Change Management preferred
• Agile methodology
• Deep understanding of Critical User Journeys for clearing with end to end ecosystem
• Understanding of and experience with portfolio and budgeting concepts
• Excellent leadership and communication skills and the desire to work in a client-facing role
• Strong understanding of agile concepts with certification in SAFe Lean Portfolio Mgmt (LPM) and/or Product Management
• Working knowledge of Enterprise SAFe, Agile, Lean and/or Iterative Development methodologies

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future.

The pay ranges for this role based on location are: Chicago: $261,800-$436,300 New York/New Jersey: $261,800-$436,300. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant).

Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program.

Through our benefits program, we strive to offer flexibility, value and choice.

• comprehensive health coverage
• a retirement package that includes both a 401(k) and an active pension plan
• highly competitive education reimbursement provisions
• paid time off
• mental health benefit

CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued.

As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

For U.S. employment, CME Group is legally required to validate a new hire’s employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9). CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers. Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies. See posters below for more details. E-Verify Notice E-Verify Notice Español U.S. Right to Work Notice U.S. Right to Work Notice Español