Product Manager, Clear Street

Clearing Platform

Salary not provided

Offers Equity

Expert level
London

3+ days a week in office

Clear Street

Modern infrastructure for capital markets

Be an early applicant

Clear Street

Modern infrastructure for capital markets

201-500 employees

FintechB2BInvestingSaaSCapital MarketsCloud Computing

Be an early applicant

Salary not provided

Offers Equity

Expert level
London

3+ days a week in office

201-500 employees

FintechB2BInvestingSaaSCapital MarketsCloud Computing

Company mission

To rebuild the infrastructure that supports the capital markets, bringing them into the future.

Role

Who you are

  • At least ten (10) years of professional experience in back office and middle office space, either in operational capacity or product management capacity
  • Extensive experience in equities self-clearing, allocations, booking models including inter-entity, external and internal reporting for middle office and back-office functions. This expertise is crucial as we are developing a new platform, making in-depth knowledge essential
  • You’re a creative, logical and strategic product thinker who loves collaborating across the company with engineering, operations, business, design and sales
  • You have led programs across multiple, competing work streams while balancing the business, client and regulatory needs versus budget and time constraints
  • A strong understanding of technology and how systems operate would be an added advantage
  • Knowledge of FX trade flow and booking model would be a valuable advantage

What the job involves

  • As a Product Manager at Clear Street, you will be involved with building out product strategy and leading our efforts to build the future of market infrastructure
  • You will create new products that simplify and optimise back-office and front-office processes as well as improve existing products, define and execute the product road map, and lead collaboration between engineering, design, data, and customer-facing teams
  • Partner with stakeholders to build a new self-clearing platform
  • Align product investment with commercial business objectives through deep understanding of deliverables and organizational needs
  • Act as the point of contact as well as handle escalations for all product, operational and engineering
  • Define business requirements, create the product road map and manage the development lifecycle to ensure successful delivery and implementation
  • Manage trade-off discussions with Engineering and client group

Salary benchmarks

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Insights

Few candidates hear
back within 2 weeks

11% employee growth in 12 months

Company

Company benefits

  • 401k matching
  • Full medical, dental and vision insurance
  • Generous vacation time
  • Opportunities for professional development
  • In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views

Funding (last 2 of 3 rounds)

Apr 2023

$270m

SERIES B

May 2022

$165m

SERIES B

Total funding: $470m

Our take

Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody, and execution.

It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.

With its Unicorn status secured and its list of clients growing, Clear Street is now gearing up for a period of rapid expansion, both geographically and across the financial services industry. Securing funding in 2023 from Prysm Capital, the company has money to play with as it continues to pursue better infrastructure for capital markets.

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Kirsty

Company Specialist at Welcome to the Jungle