Clearing Jobs in Chicago, IL (NOW HIRING)

Bringing the future into focus. 

Rothera is building the premier prediction market in partnership with Robinhood and Susquehanna International Group. 

By empowering traders to take positions on the events that shape our world Rothera's platform harnesses the scale and power of financial markets to produce timely, unique, and effective information discovery for leaders and decision makers to ask and answer their most important questions. 

Rothera operates at the frontier, generating market-driven forecasts that turn intuition into insight.

The Product Specialist - Clearing is a key contributor who owns end-to-end delivery of specific workstreams within Rothera's clearinghouse product roadmap. This hands-on role, reporting to Senior Director, Product Manager - Clearing, combines growing subject matter expertise in clearing, to translate roadmap priorities into shipped functionality.

Leveraging your growing subject matter expertise in clearing within the context of a clearinghouse, your key responsibilities include owning product delivery for defined features and workstreams, working closely with clients, operations, risk, compliance and software engineers, from concept through launch, for features and functionality on Rothera's clearing platform.

• Own the development and implementation of parts of the clearing system, regulatory reporting, and post-trade functionalities, collaborating across internal teams, operational departments, and clients to enhance Rothera's platform for listed and cleared derivative instruments.
• Partner with the Risk department on defined initiatives related to real-time risk management, including margin engine configuration, collateral valuation haircuts, and netting and settlement workflows.
• Maintain and evolve data models for trade settlement, position management, and transaction reporting within your workstreams, ensuring data integrity across the clearing lifecycle.
• Support clearing member services and portal functionality, including integration of third-party platforms and vendors via FIX protocol, proprietary APIs, or enterprise message queues (e.g., Kafka).
• Conduct market research and competitive analysis to inform roadmap decisions within your area of ownership.
• Translate clearing business logic into detailed functional specifications, including API services (REST/Websocket), workflow diagrams, data schemas, and edge-case exception workflows for engineering implementation.

• Main point of technical and product support to customers on features within your ownership, collaborating closely with internal stakeholders.
• Ensure high-quality service delivery and issue resolution.
• Support the Operations team with customer technical onboarding, API conformance, and customer connectivity.
• Manage day-to-day relationships with key customers and vendors on your workstreams.

• 3-5 years of product management experience in capital markets, with a track record of shipping features for clearing infrastructure, clearing ledger systems, or transaction processing engines.
• Solid technical understanding of the post-trade lifecycle for listed derivatives or prediction markets, including trade ingest, position management, and end-of-day settlement cycles, across Futures, Options, Swaps, or Prediction Markets.
• Familiarity with Futures Commission Merchants and their integration with DCMs and DCOs.
• Experience with digital assets and blockchains is a plus.
• Experience defining requirements for customer reporting or regulatory reporting infrastructure (e.g., CFTC, SEC, or EMIR compliance), and reviewing system logs for financial accuracy.
• Ability to query and analyze data independently using SQL or scripting languages (e.g., Python) to validate system behavior, investigate production anomalies, or write data-driven product requirements.
• Familiarity with modern software architecture patterns (microservices, event-driven architecture, distributed ledgers) and the ability to discuss technical trade-offs with engineers.

This position has a base salary of $130,000-$150,000 per year, plus participation in a discretionary annual incentive bonus program.  

Rothera is dedicated to advancing the careers and personal wellbeing of our team members. We are continuously exploring ways to support our employees holistically, including a 401(k) plan with employer match, health, vision, and dental insurance for employees and eligible dependents, paid time off, and much more.

If you want a critical role in a path-breaking company, you belong here. 

Rothera values initiative from individuals of all backgrounds. We are proud to be an inclusive workplace and do not discriminate on the basis of race, religion, national origin, age, disability or handicap, sex, marital status, veteran status, sexual orientation, or any other characteristic protected by applicable federal, state or local laws.

This is a full-time, in-person hybrid position. This position is not available for visa sponsorship now or in the future. Applicants must be authorized to work in the U.S. on a permanent, indefinite basis.