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Sr Product Manager- DTCC

Jersey City, NJ
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

DriveWealth, the pioneer of fractional equities trading and embedded investing, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth's unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth's commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing.

Recently completing a Series D raise, DriveWealth's mission is to democratize investing globally by working with partners to invent new ways to use its API-based technology to provide emerging investors with cutting-edge embedded experiences, offer first-time access to U.S. markets, and the ability to begin investing with as little as $1. DriveWealth is committed to empowering consumers around the world to become owners by delivering the most modern brokerage infrastructure, unparalleled industry expertise, and a culture of continued evolution.

About the Role

As a Product Manager aligned with the Post Trading team you will be responsible for partnering with key stakeholders at the Firm, including Trading, Operations, Compliance, Legal, and Technology to define and execute the product roadmap for our Brokerage services, with a concentration on clearing and settlement services, and DTCC/NSCC functions and services. DriveWealth handles millions of orders per day and has developed proprietary trading technology for real time execution of dollar based/ fractional shares.  We power traditional retail brokerage as well as embedded finance products, globally, by offering frictionless brokerage as a service products.  


What You'll Do

  • Responsible for building and writing all business requirements for clearing and settlement functions with direct connectivity and integration (both files and MQ) with DTCC and NSCC and third party brokers.  Gather technical requirements, create specifications and workflow documents for product and feature release/ deployment.
  • Responsible for capturing, writing, and leading the business requirements on CNS, transaction and stock record reconciliation, DVP / RVP, RAD, segregation of assets, and DO / NDO.
  • Collaborate with the Front Office, Operations, Technology, and Risk team to ensure all regulatory, street, and house margin capabilities are captured, executed, and delivered as part of our overall Brokerage platform.
  • Provide subject matter expertise to help define and translate business decisions into technology solutions.
  • Help define and prioritize the product roadmap, conduct sprint-planning and backlog refinement sessions for a backend engineering team responsible for multiple work streams
  • Extrapolate and document complex business logic from software.  Break down projects into executable tasks with Engineering leads
  • Manage communication of progress/status to internal and external stakeholders via Agile delivery methods.
  • Develop tools and processes to improve team efficiency and speed
  • Identify and implement ways to improve the systems scalability and functionality.
  • Guide the next phase of development as the application scales to multiple services and teams
  • Partner with key stakeholders - notably, Trading, Operations, CX and Strategy and to support strategic goals and business initiatives
  • Trusted partner and enabler of the technology team.  Big picture and ability to answer day-to-day product questions from engineers to guide build and implementation

What You'll Need

  • 5+ years working in product management or software engineering at a software or financial services company
  • Prior experience working with DTC and NSCC and knowledge of various DTC tools such as RAD, OW, ACAT, and CBRS.  
  • Knowledge of MQ and MRO files
  • A proven track record of delivering high-quality and tested software on-time and often
  • An open mind, flexibility around testing new approaches and the ability to harness failures and turn them into wins.
  • Strong interest and passion for financial technology
  • Experience in agile delivery methodologies (scrum, Kanban, etc.)
  • Degree in engineering or finance a bonus
  • Insurance – Medical, Dental, Vision, Life, LTD & STD. HSA and FSA options.
  • 401k plan
  • Equity Stock Options
  • Flexible working hours and work from home
  • Paid time off and holidays
  • Reimbursement for continuing education and conferences
  • Snacks and beverages available in the office

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth's policy is to only accept resumes from agencies via Greenhouse (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.



Jersey City, NJ



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