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In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. For more information on Bullish, please visit https://bullish.com . CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
Reports to:
Head of Product
Position Overview
We are seeking a visionary and seasoned Product Management Leader to spearhead Bullish's expansion into the US regulated derivatives market. As the Director of Product Management, you will own the strategic roadmap and execution for launching our US derivatives business, covering the full scope of a Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO).
In this pivotal role, you will build and lead the product team responsible for bringing crypto perpetual futures, dated futures, and options to US institutional clients. You will serve as the primary product architect for our US market entry, synthesizing complex regulatory requirements with Bullish’s cutting-edge technology to create a compliant, high-performance trading ecosystem.
This is a unique opportunity for a "builder" with deep traditional market structure experience who is ready to define how digital assets and regulated derivatives converge. You will not only define the product but also help shape the culture and operational standards of our growing US presence.
Responsibilities:
- Define the end-to-end product strategy for the US market, ensuring alignment with Bullish’s global vision while meeting the specific commercial and regulatory needs of US institutional investors.
- Hire, mentor, and lead a high-performing product team to execute the US roadmap.
- Partner closely with Legal, Compliance, and Executive Leadership to navigate the CFTC application and approval process, ensuring product definitions align with FCM, DCM, and DCO license requirements.
- Oversee the full lifecycle of US derivative products—from initial concept and regulatory approval to launch, liquidity acquisition, and maturity.
- Lead collaboration across Engineering, Quantitative Research, Risk, Operations, and Sales to ensure the platform is "market-ready", including robust clearing workflows, margin methodologies, and reporting infrastructures.
- Define product success metrics, adjusting strategy based on data-driven insights and market feedback.
- Serve as the "face of the product", representing Bullish in conversations with regulators, key institutional clients, and strategic partners.
- Support and champion Product Management best practices, ensuring rigorous documentation, agile delivery, and seamless integration with global product processes.
Qualifications:
- Bachelor’s degree in Finance, Engineering, Economics, or related field; MBA or advanced degree preferred.
- 10+ years of product management or relevant leadership experience in financial services, with a specific focus on derivatives trading and market structure.
- Demonstrated success in launching new exchanges, clearinghouses, or complex financial products from scratch within a regulated US environment.
- Deep understanding of CFTC regulations and the operational nuances of running an FCM, DCM and DCO.
- Exceptional track record of managing and developing product teams, with the ability to inspire and align cross-functional stakeholders.
- Strong ability to engage with engineering teams on complex topics such as matching engine logic, API design and risk engine architecture.
- Executive-level communication skills, capable of distilling complex regulatory and technical challenges into clear strategic recommendations for the C-Suite and Board.
- Comfortable being the “face of a product”.
- Comfortable working in a dynamic organization where priorities can change frequently.
- Experience working in a distributed organization.
Extra Points:
- You have experience launching a new product or business within the US regulated derivatives space (e.g., helping stand up a new exchange or clearinghouse).
- In depth knowledge of blockchain technology, digital assets, and how they interact with traditional regulatory frameworks.
- You bring a problem solving mindset to the table at all times! No problem is too big.
- Passion for the digital asset industry, a proactive approach to learning, and a keen interest in staying up-to-date with the latest trends and developments.
Bullish US LLC & CoinDesk Inc. are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $230,000 - $255,000 + discretionary annual target bonus + performance incentives/benefits. Offered salary will be reflective of job related knowledge, skills and commensurate experience.
EQUAL OPPORTUNITY
In an effort to attract, retain, develop and promote the most qualified individuals, CoinDesk is committed to treating all applicants and employees in a nondiscriminatory manner with respect to the terms and conditions of employment, without regard to race, color, religion or belief, sex, national or ethnic origin, ancestry, age, marital status, sexual orientation, gender identity, veteran status/service, physical or mental disability, or any other classification protected by applicable law. This mandate governs all aspects of employment, including recruitment, selection, promotion, training, education, social and recreation programs, compensation, discipline, termination and access to benefits.
ACCOMMODATION
CoinDesk is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the application process, please send an e-mail to recruiting@coindesk.comand let us know the nature of your request.
