Product Manager - Derivatives

The posting, as Alpaca wrote it

Who We Are

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.

Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.

Alpaca is proudly backed by $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.

Our Team Members

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

Your Role

Alpaca's brokerage product team is looking for a Product Manager to define and drive new product initiatives and manage a portfolio of existing products across Alpaca Derivatives, the firm's regulated FCM. In this role you will be responsible for the creation and delivery of the roadmap for futures and prediction markets features while closely collaborating with internal management and business stakeholders across Alpaca.

With a deep understanding of the derivatives regulatory landscape - including the CFTC, NFA, designated contract markets, trading, settlement, market data, and clearing organizations - you will shape the product strategy that enables Alpaca to launch and scale its FCM, and to bring listed futures and prediction markets onto the Alpaca platform.

THINGS YOU GET TO DO

Product Ownership & Strategy

• Own derivatives products for Alpaca, with a primary focus on listed futures and prediction markets.
• Drive derivatives product strategy by analyzing ROI, market competition, regulatory requirements, and build-vs-buy scenarios across venues, clearing, and execution.
• Contribute to the product roadmap and product strategy with a focus on FCM launch readiness, CFTC/NFA-compliant features, and partner demand for futures and prediction markets.
• Write product requirements and work with engineers to execute builds th

[…]
oc duties and projects as assigned.

WHO YOU ARE (MUST-HAVES)

• Excited about what Alpaca is building and passionate about expanding derivatives infrastructure for futures and prediction markets.
• Strong understanding of CFTC and NFA frameworks, FCM market structure, and the listed derivatives landscape.
• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services, fintech, or derivatives.
• Demonstrated interest and experience in futures, prediction markets, listed derivatives, or adjacent trading / brokerage infrastructure.
• Strong communication skills, both written and verbal, with excellent collaboration abilities.
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.

WHO YOU MIGHT BE (NICE-TO-HAVES)

• Experience and background working on and developing futures, prediction markets, or other listed derivatives products.
• Technical background working with APIs, particularly in financial services or trading platforms.
• NFA Series 3 (or the ability to obtain it), or other CFTC/NFA-recognized credentials.
• Experience launching or operating inside an FCM, DCM, DCO, or other regulated derivatives venue.
• Familiarity with portfolio margin, cross-asset margin, institutional execution, or Prime Brokerage-adjacent workflows.
• Experience working at a fintech, startup, broker-dealer, FCM, or exchange.
• Knowledge of prediction market structure, event-contract design, and the regulatory overlay that sits on top of it.

How We Take Care of You

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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