Senior Manager Product Engineering (Remote)

Senior Product Manager–Engineer (Front Office Trading Platforms) – Focus on Fixed Income & Derivatives (IRS primary, CDS secondary)

Company Overview

RED Global 725,930 followers Staffing and Recruiting 201-500 employees 682 on LinkedIn 25 years of tech recruitment! RED Global is one of the world’s leading tech recruitment companies. Established in 2000, we focus specifically on SAP, Business Applications, Data & Analytics, Cloud & Infrastructure, Software Development, and Cybersecurity.- 350,000+ tech candidates. - 350+ employees- 9 office locations (Cologne, Delhi, Frankfurt, London, Munich, New Jersey, Rotterdam, Warsaw, and Zurich)- Over 45,000 placements made- 1,900+ SAP & tech consultants working in current rolesOur services range from pure recruitment to strategic project advice, depending on your needs.Whether you’re looking for tech talent for your digital transformation, or you’re looking for your next role, we are who you speak to.

Job Summary

LocationAny . Global stakeholder collaboration across Trading, Risk, Middle/Back Office, and Compliance.Role SummaryWe are seeking a hands-on platform architect/product manager with deep Interest Rate Swaps (IRS) domain expertise and strong CDS knowledge to drive the end-to-end design and build of a modern Fixed Income & Derivatives trading platform. This role will own product discovery, functional design, technical architecture, and delivery of core components—market connectivity, RFQ, pricing & analytics, static/reference data, pre-trade checks, order/trade management, risk/P&L, and post-trade processing. The ideal candidate combines front-office workflow fluency (traders, sales, quants) with strong systems engineering instincts and platform thinking.

Key Responsibilities

• Product Discovery & Requirements

  • Lead requirements gathering with Trading (IRS, CDS), Sales, Quant, Risk, Ops, Compliance, and Tech.
  • Map front-to-back workflows (price discovery → RFQ → execution → trade capture → confirmation/clearing → settlements → reporting → lifecycle events).
  • Define MVP vs. target state; prioritize by business value, risk, and regulatory deadlines.
  • Create functional specifications, user stories, process maps, and acceptance criteria for each component.

• Business Architecture & Component Design

  • Design a modular, scalable, and secure architecture covering:
  • Market Connectivity & Gateways
    • Connectivity to venues (e.g., Bloomberg, Tradeweb, MarketAxess for RFQ), SEFs/OTFs, CCPs.
    • Protocols: At least one of FIX, FIX-Fast, proprietary APIs, venue-specific RFQ/streaming.
    • Latency, resiliency (retry, queueing, circuit breakers), and monitoring.
  • RFQ & Execution
    • Multi-dealer RFQ, quoting strategies, margining constraints, credit checks.
    • Trader blotters, negotiation UI, auto-quote/auto-hedge hooks.
  • Pricing, Curves & Analytics
    • IRS: curves (OIS discounting, multi-curve bootstrapping, CSA/discounting alignment), day count conventions, accruals, DV01, PV, Greeks, scenario shocks.
    • CDS: spread curves, hazard rates, recovery assumptions, accrual on default, ISDA conventions.
    • Integration with quant libraries (in-house or third-party) and market data sources.
  • Static/Reference & Market Data
    • Instrument models (IRS, OIS, basis swaps, FRAs, caps/floors, CDS single-name/index), tenors, calendars, holidays, conventions.
    • Counterparty data, LEIs, CSAs, limits, ratings.
    • Market data ingestion (rates, curves, credit spreads, vol surfaces), data quality, golden-source governance.
  • Pre-Trade Controls & Regulatory Checks
    • Position/limit checks, MiFID II best execution, trade eligibility (SEF/clearing), client suitability, algo control checks, and surveillance hooks.
  • Order & Trade Management (OMS/TMS)
    • Order lifecycle, partial fills, allocations, amendments/cancels.
    • Trade capture with enrichment (Uti/Uti, LEI, UPI where applicable), audit trail, versioning.
  • Risk & P&L
    • Real-time risk (sensitivities, VaR hooks), P&L explained (greeks, carry/roll), stress scenarios, hedge effectiveness.
  • Post-Trade & Lifecycle
    • Confirmations (electronic & paper), clearing (LCH/ICE for rates/credit), settlement, corporate actions/credit events for CDS, lifecycle events (fixings, resets, roll dates).
    • Trade reporting (e.g., EMIR Refit), reconciliations, exception management.
  • Data Platform & Observability
    • Event-driven architecture (Kafka/Pulsar), data lake/warehouse, schema registry, lineage.
    • Monitoring, logging, tracing, SLOs, DR/BCP, high availability.
  • Security & Controls
    • Authentication/Authorization (RBAC/ABAC), secrets management, segregation of duties, maker-checker, SOX auditability.

Requirements / Qualifications

• Required Experience & Skills

  • Domain Expertise (Must-Have)

    • Experience in Fixed Income derivatives with deep IRS trading lifecycle knowledge; CDS secondary but strong.
    • Practical experience building or enhancing front-office platforms supporting IRS (vanilla & basis, possibly exotics) and CDS (single-name, indices, tranches is a plus).
    • End-to-end trade flow: RFQ/Execution → Trade Capture → Risk/P&L → Clearing → Reporting.

• Key Deliverables (First 6–12 Months)

  • Functional Specs & Design Docs for each component (market connectivity, RFQ, pricing, static data, pre-trade, OMS/TMS, risk, post-trade).
  • Working MVP for IRS RFQ and execution with trader UI/blotter, curve integration, and post-trade capture.
  • Connectivity to at least one venue (e.g., Bloomberg/Tradeweb) and one CCP for clearing.
  • Regulatory control baseline (pre-trade checks + EMIR reporting pipeline).
  • Operational playbooks: runbooks, monitoring dashboards, incident response, and data quality checks.

Location

European Union, Remote: True