Senior Specialist, Product Management, Fintech (Clearing)

Nasdaq is seeking a highly-motivated Senior Specialist, Product Management in Fintech (Clearing) to join their Mumbai technology center in India. This role involves assisting in the development of their Clearing Platform, focusing on Post-Trade Processing, ETD Clearing Operations, ETD Margin, and Collateral Management. The specialist will work closely with Engineering and QA teams, interact with clients to capture requirements, and be responsible for critical product management activities, delivering sophisticated solutions to international clients, and supporting re-architecture of enterprise products and features.

Must Have

• At least 5-8 years in ETD Clearing Operation profile
• Experience in Futures/Options end to end Clearing including back office
• Knowledge on Initial Margin and Variation Margin calculation and its impact in collateral management
• Expertise in articulating the requirements and documenting the enhanced or changes in user guides
• Proficient understanding and analytical skill
• Execute projects independently
• Knowledge of end to end ETD Clearing operations processing (Trade Give Up/Take Up/Allocation and Matching, Average Price trade, Block Trade allocation, Initial Margin calculation, Variation Margin calculation, Client and Reg Reporting, Corporate Action and Trade Lifecycle, Reconciling top day and T+1 trade, Trade by Open Quantity and Positions, Liquidation methodogy)
• Basic capital market knowledge
• Good understanding of Settlement Processes and Financial Products in general
• Analytical and problem-solving skills; Rigorous
• Excellent soft/written communication skills
• Product Management skills
• Participate in technical design reviews, functional specification reviews, develop project estimates, schedules, test plans, and functional reviews
• Proactively identify the potential problems/issues and address to the Developer and QA and get it fixed
• Conduct performance testing, review results, identify bottlenecks

Good to Have

• Knowledge of corporate action process
• Knowledge of client and regulatory reporting
• Self motivated to execute projects independently

Perks & Benefits

• Annual monetary bonus
• An opportunity to become a Nasdaq shareholder
• Employee Stock Purchase Program Nasdaq stocks with a discount
• Health Insurance Program
• Flexible working schedule and hybrid way of work
• Flex day program (up to 6 paid days off a year)
• Internal mentorship program
• Wide selection of online learning resources, e.g., Udemy

Nasdaq Technology Calypso RnD Department is seeking a highly-motivated Business Analyst with experience in Post-Trade Processing, ETD Clearing Operations, ETD Margin and/or Collateral Management to assist in the developing of our Clearing Platform, to join the Mumbai technology center in India. If Innovation and efficiency drive you forward this is the place for you!

Nasdaq is continuously revolutionizing markets and undergoing transformations while we adopt new technologies to develop innovative solutions, constantly striving to rewrite tomorrow. As a Business Analyst, working as part of the Operations Clearing Product Team and work closely with the Engineering and QA Team. The role will also involve interactions with the client and other market participants to capture requirements within the FinTech industry.

We are looking for candidates who share those values along with a genuine desire and drive to deliver top technology solutions to today's markets.

With this position we offer

The main objective for the ETD Clearing Operation team in Mumbai is to enhance software solution as per current evolving Market requirements and standards and interact and connect with various CCPs and clients to enhance the solution and maintenance the existing functionalities are working. Together with your team, you will be responsible for delivery of enhancements and supporting re-architecture of the enterprise products and features to the existing and new software paradigms.

Your role and responsibilities:

You will work with various teams across the globe, delivering critical solutions and services to world-leading Market Infrastructure Operators and New Markets. You will be responsible for crucial Product management activities and internal customer interaction, often working closely with Developer, QA, Product Support and User guide documentation team building strong relations to present the requirements and maintain the user guides updated.

In this role, you will have the opportunity to work in a strong expert team delivering sophisticated solutions to international clients. You will work with and learn from subject matter experts, and have the opportunity to take on more responsibility and progress within the Product Management team. Besides working closely with your colleagues in Mumbai, you will also work closely with Nasdaq teams in other countries.

Furthermore, you will:

• Articulate document with mockup design wherever it is required to present to Developer and QA for the implement in new of new/existing CCP and client requirement on new/existing application software for clearing products and functions.
• Need to know end to end ETD Clearing operations processing such as
• Trade Give Up/Take Up/Allocation and Matching
• Average Price trade
• Block Trade allocation
• Initial Margin calculation for various margin methodologies such as SPAN, PRISMA, IRM, JSCC, TIMS
• Variation Margin calculation
• Client and Reg Reporting
• Corporate Action and Trade Lifecycle such as Exercise and Assignment, Expiry process.
• Reconciling top day and T+1 trade, Trade by Open Quantity and Positions
• Liquidation methodogy
• Need to have basic capital market knowledge.
• A good understanding of Settlement Processes and Financial Products in general
• Analytical and problem-solving skills; Rigorous
• Excellent soft/written communication skills
• Product Management skills
• Participate in technical design reviews, functional specification reviews, develop project estimates, schedules, test plans, and functional reviews.
• Proactively identify the potential problems/issues and address to the Developer and QA and get it fixed.
• Conduct performance testing, review results, identify bottlenecks.

We expect you to have

• At least 5-8 years in ETD Clearing Operation profile
• Experience in Futures/Options end to end Clearing including back office
• Knowledge on Initial Margin and Variation Margin calculation and its impact in collateral management
• Expertise in articulating the requirements and documenting the enhanced or changes in user guides.
• Proficient understanding and analytical skill
• Execute projects independently

It would be great if you

• Knowledge of corporate action process
• Knowledge of client and regulatory reporting
• Self motivated to execute projects independently.

Does it sound like you? What happens now?

As the selection process is ongoing, please submit your application in English as soon as possible. We will get back to you in 2-3 weeks.

What will it be like working here?

Nasdaq is a vibrant and entrepreneurial company where everyone is encouraged to take initiative, challenge status quo, and take intelligent risks. We want everyone to feel welcome and bring their authentic self to work. Every day, we are building a culture where we all feel connected, supported and empowered. We are a Hybrid-first environment that accepts work-life balance and develop well-being.

What do we offer you?

• Annual monetary bonus.
• An opportunity to become a Nasdaq shareholder
• Employee Stock Purchase Program Nasdaq stocks with a discount
• Health Insurance Program
• Flexible working schedule and hybrid way of work
• Flex day program (up to 6 paid days off a year)
• Internal mentorship program – get a mentor or become one
• Wide selection of online learning resources, e.g., Udemy

Come as you are

Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information or any other status protected by applicable law.

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information, and public company services. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $12 trillion.

To learn more, about our business visit business.nasdaq.com. Check out more about our Life at Nasdaq.

Come as You Are

Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

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 an accommodation.

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