Product Owner

Position: Product Owner- Capital Markets
Position Summary:
We are seeking an experienced Product Owner to drive product strategy, roadmap, and delivery across Capital Markets technology, with a primary focus on Equity Trading, Order Management Systems (OMS), and end-to-end trade lifecycle management.

The role will involve managing and enhancing trading platforms covering order creation, pre-trade

validations, order routing, execution, allocations, trade confirmations, and clearing and settlement

processes. The Product Owner will work closely with business stakeholders, technology teams,

compliance, and operations to modernize existing trading platforms, streamline workflows, and deliver scalable, high-performance solutions.

The individual will also support product capabilities across alternative investments, including Exchange Traded Products (ETPs), Crypto ETFs, and other investment products, ensuring alignment with regulatory, operational, and client requirements.

Key Responsibilities:

Own and manage the product roadmap, vision, and backlog for Capital Markets platforms, with a primary focus on Equity Trading and Order Management Systems.

Gather business requirements, translate them into functional specifications, user stories, and acceptance criteria.

Prioritize product enhancements based on business value, regulatory requirements, operational efficiency, and client needs.

Collaborate with business, technology, compliance, and operations teams to drive product delivery.

1. Equity Trading & Order Management Systems (OMS)

Manage the end-to-end equity trade lifecycle, including order creation, order capture, pre-trade validations, market routing, execution, allocations, trade confirmations, and settlement.

Drive enhancements to OMS and Execution Management Systems (EMS) supporting institutional, wealth management, and brokerage trading workflows.

Manage complex trading capabilities such as block trades, held orders, Good-Till-Canceled (GTC) orders, and automated portfolio rebalancing.

Oversee integrations with third-party trading and portfolio management platforms such as Charles River, Aladdin, FlexTrade, Fidessa, and other OMS solutions.

Ensure efficient order processing, real-time trade execution, and seamless post-trade integration.

1. Trade Lifecycle & Post-Trade Operations

Own workflows covering trade booking, allocations, confirmations, clearing, settlement, and reconciliation.

Drive enhancements for trade corrections, cancellations/rebills, as-of trades, error account processing, and settlement exceptions.

Work with middle-office and back-office teams to improve operational efficiency and ensure accurate trade processing.

Understand fee structures, commissions, markups, and advisory/wrap fee models across different account types.

1. Regulatory & Compliance Management

Partner with compliance and legal teams to ensure adherence to applicable SEC, FINRA, and other regulatory requirements.

Manage product requirements for regulatory reporting, including Consolidated Audit Trail (CAT), FINRA/SEC reporting, and order routing disclosures under Rules 605/606.

Ensure appropriate audit trails, trade reporting, order event tracking, and regulatory controls are incorporated into product workflows.

Support product suitability, eligibility, and disclosure requirements for different investment products.

Partner with engineering and architecture teams to modernize legacy trading platforms and migrate mainframe-based workflows to scalable, modern architectures.

Drive integrations across internal trading engines, third-party platforms, clearing systems, and custody solutions using FIX protocols and APIs.

Work with technology teams on event-driven architectures, microservices, real-time data processing, and high-volume transaction workflows.

Ensure platform scalability, reliability, and performance during peak trading volumes.

1. Alternative Investments & Digital Asset Exposure

Support the onboarding and trading of alternative investment products, including Crypto ETFs, ETPs, REITs, interval funds, and other investment vehicles.

Define product requirements for investment eligibility, suitability checks, concentration limits, and investor disclosures.

Understand trading, custody, settlement, and post-trade operational requirements associated with alternative investment products.

Collaborate with product compliance, legal, and operations teams to support new product launches.

1. Agile Delivery & Stakeholder Management

Lead backlog grooming, sprint planning, prioritization, and product release activities.

Drive User Acceptance Testing (UAT), validate business requirements, and coordinate release readiness.

Prepare detailed user stories, process flows, functional specifications, data mapping documents, and acceptance criteria.

Act as the primary liaison between business stakeholders and engineering teams to ensure successful product delivery.

Required Qualification:

5+ years of experience as a Product Owner, Business Analyst, or Technical Product Manager within Capital Markets, Wealth Management, Brokerage, or Financial Services technology.

Strong domain knowledge of Equity Trading, Order Management Systems (OMS), Execution Management Systems (EMS), and end-to-end trade lifecycle management.

Hands-on understanding of order management, trade execution, allocations, confirmations, clearing, and settlement workflows.

Experience with FIX protocol (FIX 4.2/4.4/5.0) and integrations with trading platforms and third-party financial systems.

Strong understanding of regulatory reporting requirements, including CAT, FINRA/SEC reporting, and trade audit trails.

Experience working with middle-office, back-office, compliance, and operations teams.

Knowledge of brokerage and wealth management account structures, including advisory/fee-based and commission-based accounts.

Experience in Agile methodologies, backlog management, sprint planning, and UAT.

Proven ability to translate complex business and regulatory requirements into functional specifications and technical user stories.

Preferred Qualification:

Experience with mainframe modernization initiatives, including migration from COBOL, DB2, or CICS-based systems to modern cloud, microservices, or event-streaming architectures.

Familiarity with Kafka, SQL, APIs, JSON, and Avro data structures.

Exposure to alternative investments, Crypto ETFs, digital assets, REITs, interval funds, and other Exchange-Traded Products.

Experience with clearing, custody, and back-office platforms such as Broadridge, FIS, Pershing, or Fidelity.

Familiarity with DTCC/NSCC clearing and settlement processes.

FINRA Series 7, 57, or 99 certification, or equivalent industry experience.

Agile certifications such as CSPO, PSPO, or SAFe POPM.

Core Skills:

Capital Markets & Equity Trading

Order Management Systems (OMS) & Execution Management Systems (EMS)

End-to-End Trade Lifecycle Management

FIX Protocol & Trading Platform Integrations

Trade Reporting & Regulatory Compliance

Clearing, Settlement & Post-Trade Operations

Mainframe Modernization & System Integration

Wealth Management & Alternative Investment Products

Education:

MBA Finance or Equivalent

Bachelor's degree or master's in computer science, Engineering, Software Engineering, or a relevant field.

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