Dir, Product Management- Cboe Clear US

Job Description: Building trusted markets — powered by our people

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

We’re building meaningful ways to support professional and personal development while strengthening the trust we’ve earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. We strive to provide employees a safe space to network, share ideas and create opportunities.

Please note: To support strong partnership and team connection, this role follows a four day in office work model in either our Chicago or NYC office.

Location Overview Cboe HQ is located in the historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River.

With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago’s most iconic areas.

Role Overview Cboe Clear U.S. is seeking a Director, Product Management to lead the overall product vision, implementation planning, and execution of our clearing platform. You’ll partner extensively with our clients, business stakeholders, engineering, infrastructure, risk, and operations to design clearing platform investments with aligned business priorities. As the manager of the team, you’ll own the design, operation, and scaling of the clearing systems that underpin the clearinghouse.

Your responsibilities will be:

Product Strategy & Development

• Articulate complex implementation strategy, cost tradeoffs, and long-term platform vision to senior management
• Drive prioritization of platform features and enhancements based on strategic fit, business impact, and resource allocation
• Ensure individual product team expertise is synthesized into coherent, clearing platform standards, not siloed stakeholder recommendations
• Lead high-impact product launches from idea conception through to production implementation

Client & Vendor Engagement

• Engage Clearing Member Firms and Participating Exchanges to gather operational insights, manage product pain points and roadmap expectations
• Oversee middleware onboarding and education for new product integrations and services, ensuring smooth adoption
• Manage vendor relationships to ensure alignment with platform changes and delivery timelines

Team Leadership

• Build and mentor your team through shared standards, and a clear product forward vision
• Partner cross-functionally with stakeholders to implement quickly without sacrificing standards and introducing unknown risk to the clearinghouse
• Foster cross-team collaboration and break down silos across the broader product organization

The ideal candidate has:

• Bachelor’s degree with 10+ years in Product Management, preferably at a Derivatives Clearing Organization (DCO), Covered Clearing Agency, Exchange, Futures Commission Merchant (FCM), Broker-Dealer, or Bank
• Demonstrated ability to translate strategic direction into executable operating plans across multiple teams
• Exceptional communication and leadership skills, with the ability to align diverse stakeholders around common priorities
• Proven ability to lead cross-functional business initiatives from concept to adoption, working autonomously in ambiguous environments
• Track record of presenting product roadmap to senior leadership and securing alignment across stakeholders
• Utilizes AI to deliver business-ready outputs and drive measurable improvements in workflow …