Product Manager - Derivatives

About the role

Alpaca's brokerage product team is seeking 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. You will create and deliver the roadmap for futures and prediction‑market features while collaborating closely with internal management and business stakeholders.

Key responsibilities

• Own derivatives products, focusing on listed futures and prediction markets, and shape strategy by analyzing ROI, competition, regulatory requirements and build‑vs‑buy scenarios.
• Lead stakeholder engagements, including customer and partner calls, and participate in discussions with the CFTC, NFA, exchanges and clearing organizations to ensure regulatory alignment.
• Improve operational efficiency of margin, clearing, settlement and trading‑risk workflows, partnering with operations, risk and compliance teams.

Required profile

• Passion for expanding derivatives infrastructure and strong understanding of CFTC and NFA frameworks, FCM market structure and listed derivatives.
• Bachelor’s degree in computer science, engineering, finance or equivalent.
• 5+ years of experience in product management, engineering, consulting or startup environments, preferably within financial services or fintech.
• Demonstrated interest and experience in futures, prediction markets or related brokerage infrastructure.
• Excellent communication and collaboration abilities with solid business acumen.

What we offer

• Competitive salary and stock options.
• Health benefits.
• One‑time home‑office setup stipend of USD 500.
• Monthly stipend of USD 150 via a Brex card.