Product Development

Russell Tobin; New York (NY); On-site; USD 117,096 - 125,361; Full time

Benefits offered by this job

Comprehensive healthcare coverage

401(k) retirement savings

Life & disability insurance

Job summary

A financial services firm located in New York is seeking a Mid-Senior level professional for contract employment in product management. The candidate will lead the design and implementation of U.S. Treasury and Repo clearing solutions. Responsibilities include managing regulatory requirements, coordinating with various stakeholders, and ensuring operational controls are in place. Ideal applicants should have 7-10 years of experience in clearing projects and strong knowledge of SEC Treasury Clearing Rules. Competitive hourly pay rates offered.

Qualifications

• 7–10 years of experience delivering regulatory or clearing-related projects in large financial institutions.
• Deep subject-matter expertise in U.S. Treasuries, Repos, OTC clearing, and clearing broker models.
• Proven business analysis and project management skills.

Responsibilities

• Lead front-to-back product design and implementation for U.S. Treasury and Repo clearing.
• Define, document, and drive business and regulatory requirements across stakeholders.
• Manage project plans, timelines, testing, and weekly delivery reporting.

Skills

Experience with regulatory projects

Subject-matter expertise in U.S. Treasuries

Knowledge of SEC Treasury Clearing Rules

Project management skills

Strong stakeholder management

Job description

Base Pay Range

$85.00/hr - $91.00/hr

Contact

Direct message the job poster from Russell Tobin

Role Summary

This role supports the implementation of mandatory U.S. Treasury and Repo clearing in response to new SEC Treasury Clearing Rules effective by the end of 2026. As part of the OTC Clearing Product Development team, the contractor will lead business analysis and product design efforts to deliver a front‑to‑back clearing solution for both the bank and its institutional clients.

Key Responsibilities

• Lead front‑to‑back product design and implementation for U.S. Treasury and Repo clearing.
• Define, document, and drive business and regulatory requirements across stakeholders.
• Manage project plans, timelines, testing, and weekly delivery reporting.
• Coordinate with internal teams (Front Office, Risk, Finance, Accounting, IT, Operations, Legal) and external partners (clearing houses, vendors).
• Support client onboarding, sales, operating model design, training, and regulatory reporting changes.
• Ensure appropriate operating controls and reconciliations are in place prior to go‑live.

Required Experience & Skills

• 7–10 years of experience delivering regulatory or clearing‑related projects in large financial institutions.
• Deep subject‑matter expertise in U.S. Treasuries, Repos, OTC clearing, and clearing broker models.
• Strong knowledge of SEC Treasury Clearing Rules, regulatory capital (CRR, Basel III), risk models, and accounting standards (US GAAP / IFRS).
• Proven business analysis, project management, and stakeholder management skills.
• Ability to work independently, meet regulatory deadlines, and operate in a fast‑paced environment.

Benefits

Russell Tobin offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto, home insurance, pet insurance and employee discounts with preferred vendors.

Seniority Level

Mid‑Senior level

Employment Type

Contract

Job Function

Product Management, Finance, and Quality Assurance

Industries

Financial Services, Banking, and Investment Management