Product Manager - Trading Infrastructure (Derivatives And Centralized Trading/Risk)

Who You Are:

Galaxy is seeking a seasoned Product Manager with 7+ years of experience across derivatives and low touch trading. This is a high-impact, front-office role that sits at the nexus of trading, technology, and business strategy. You will drive cross-asset product innovation spanning derivatives pricing, front-office risk, booking/tagging systems, electronic order management, and client-facing platforms - helping to shape the future of crypto capital markets.

This role demands a unique blend of technical fluency, trading intuition, and product rigor. You should understand the implications of trading decisions from a user perspective and what good likes like for a franchise trading firm. Your experience should include derivatives, pricing engines, risk infrastructure, OMS/SOR platforms, and market structure - from high-touch OTC to DeFi.

You must be able to write product requirements, from scratch and in concert with the team, coming from the perspective of users including our internal risk takers as well as institutional clients. These requirements must be written in the broad context of Galaxy Trading, but specific enough for you to partner with technology and other stakeholders in building excellent products. Furthermore, you will leverage your overall experience in financial markets and the ability to move from the abstract to the concrete to develop unique solutions at a rapid pace.

Strong preference for experience in a client-facing, risk-taking trading firms such as options market makers or IB sales and trading desk and developing solutions, including automated/low-touch.

What You'll Do:

Derivatives Pricing, Risk & Booking Infrastructure

• Build and enhance pricing and booking tools for OTC and structured derivatives, collaborating closely with trading and quant teams.
• Drive the integration of modular booking models with risk and P&L engines; ensure outputs are accurate, explainable, and user-friendly.
• Partner to onboard new trade types, enhance risk views, and ensure proper risk attribution across portfolios.
• Optimize data sourcing and flow into various products and systems to leverage across internal and external products.

Client-Facing Derivatives and Trading Solutions

• Translate internal infrastructure into client-facing products: e.g., custom pricing tools, UI-based structured product workflows, new settlement, and product types
• Collaborate with sales and structuring to develop scalable offerings based on client demand.

Centralized Trading and Risk

• Drive the design of a centralized trading framework by defining the information and workflows that must be exchanged between the OMS and Central Risk Book.
• Collaborate on the product lifecycle for Galaxy's order management stack, including smart order routing, algo infrastructure (TWAP, SmartPost, Iceberg), and direct market access (DMA).
• Partner with the traders and the product team to develop features to minimize slippage and optimize routing logic, and deliver intuitive front-end UX in the OEMS.

End-to-End Workflow Management

• Architect user journeys across the trading lifecycle: from pre-trade to execution, hedging, pricing, booking, risk, and reporting.
• Integrate across high-touch and low-touch channels, as well as across asset classes (spot, perp, options, structured products).
• Work across business lines to align trading tools, eliminate redundancies, and create a consistent user experience across internal and client-facing workflows.

Cross-Functional Leadership

• Collaborate with engineering, trading, quant, risk, sales, compliance, and design teams.
• Own roadmap development and communicate prioritization across internal stakeholders.
• Lead delivery timelines, tradeoffs, and feedback loops.

What We're Looking For:

• Experienced: 7+ years in trading product management or front-office derivatives/trading ideally in both crypto and TradFi.
• Technically fluent: You understand derivatives, as well as order routing and algorithms, margin and funding, risk views, and pricing APIs.
• Trading-native: You've traded, or worked alongside traders and understand the importance of performance, latency, and workflow simplicity.
• Analytical & user-centric: You seek data to drive decisions, and you obsess over trader usability and revenue impact.
• Communicative & decisive: You translate complexity into clear requirements and lead from both strategy and detail.

Bonus Points:

• Experience with crypto-native protocols (DeFi), perpetuals, or structured notes
• Experience with tools like Beacon, or EMS/OMS/PMS
• Knowledge of FIX, WebSocket, REST APIs, and market data normalization
• Derivatives documentation (e.g., ISDA, CSA) familiarity

What We Offer:

• Competitive base salary and discretionary bonus
• Flexible Time Off (i.e. unlimited paid vacation days)
• Company paid Holidays (11)
• Company paid sick leave
• Company-paid health and protective benefits for employees, partners, and other dependents
• 3% 401(k) company contribution
• Generous paid Parental Leave
• Free virtual coaching and counseling sessions through Headspace
• Opportunities to learn about the Crypto industry
• Free daily snacks in-office
• Smart, entrepreneurial, and fun colleagues
• Employee Resource Groups

Apply now and join us on our mission to engineer a new economic paradigm.