SwapClear & Listed Rates Product Director
- LSEG
- London, United Kingdom
- Jan 09, 2025
Job Description
This role will report into the SwapClear & Listed Rates Product function, the role will be responsible for the end-to-end implementation of defined products and/or services into the business line. This would also include development of commercial structures.
The role will lead all aspects of definition and planning through production, release, and end of lifecycle, with end-to-end responsibility for new or legacy propositions, products and services
ROLES AND RESPONSIBILITIES
Holds responsibility for the end-to-end management of strategically important products and/or services or a portfolio of products / services within a technical area of expertise, facilitating alignment with LSEGs product strategy. Oversees all aspects of definition and planning through production, release, and end of lifecycle, with end-to-end responsibility on feature/function specifications for highly visible and key propositions, products and services.
Role Responsibilities & Key Accountabilities:
- Owns product strategy, design, business requirements, feature and functionality trade-offs for one or more strategic initiatives and/or proposition, product, or service, championing relevant lean, agile and ways of working methodologies
- Implements and helps define the vision and devising business plans for budgetary approval, commercial structure and product roadmaps, communicating the vision to their teams, senior leaders and stakeholders.
- Acts as the product lead on project delivery teams, providing senior leadership and direction on scope, approach and go-to-market tactics.
- Develops and aligns product messaging to key strategic goals and direction that is set at the platform, company, and group levels.
- Works with senior product, marketing and sales colleagues to ensure realisation of product business cases and to review product performance and revise products / services / sales approaches as needed
- Identifies, validates and undertakes commercial negotiations with 3rd party vendors and develop partnership agreements where required.
- Maintains oversight of a major product or service, or a set of products within a business line, overseeing all initiatives, product related spend and product performance within own remit, setting OKRs and KPIs and championing their outcomes. Leads a Product Management team/s, developing, - mentoring and coaching colleagues to enhance the overall capability in the business and fostering the talent within the function
- Obtains, organizes and filters client feedback and acts as a key client contact for product specific matters and commercial needs.
- Works beyond own product line and/or Business Unit by developing knowledge and contributing into the broader platform and operational improvements, identifying opportunities for proposition, products, or services.
- Establishes a high performing culture emphasizing innovation, growth, and development across all direct product contributing functions including Engineering, Design, Research, QA.
Essential experience and skills required:
- Degree or equivalent in a Finance, Economics or Engineering related field preferred
- End-to-end product delivery across full implementation cycle
- Excellent organizational, and commercial acumen skills including scenario modelling
- Experience in the roll out of commercial fee plans, supporting justification and modelling
- Excellent interpersonal and communication skills and the proven ability to work effectively with all organizational levels.
- Excellent at managing and influencing a wide network of stakeholders, including senior management
- Willing and able to challenge customers and stakeholders to delivery on objectives
- Ability to operate effectively with other functions and external teams and is seen as a partner in the overall function
Essential Competencies:
Client Focus and Stakeholder Management
- Global experience – working successfully with teams in multiple locations simultaneously
- Background in working across several different sectors both business and IT related projects/programmes
- Has worked in a similar role in a clearing house, investment bank, buyside firm (product development expertise at a market infrastructure provider or analytics vendor would also be considered)
- Strong product knowledge covering risk characteristics and operational workflow of OTC rates or listed derivatives
- Can demonstrate experience of problem solving in a similar working environment
- Can influence and motivate co-workers to respond in an effective and positive manner
- Cultural Awareness – Offshore, Europe, USA
Results Orientation
- Is extremely organized, identifies priorities well and understands any goals that need to be met.
- Considers the impact of their work on own team and on other departments/areas.
- Puts forward ideas for efficiency and improvement.
- Takes an active role in own training and development so that they can do their role to the best standard.
- Complies with management wishes and controls so that plans and actions are implemented quickly and efficiently.
- Shares the responsibility for team results and understands that everything produced affects the reputation of the team and ultimately the business.
Engaging and Inspiring Others
- Communicates well with their team, offering encouragement to other team members and voicing any concerns.
- Pays attention to other team members and offers help and support where appropriate.
- Shows a positive attitude about own work and work of the wider team.
- Works well with people from other departments and other areas of the business.
Interpersonal Effectiveness
- Adapts own style as appropriate to the person and the situation.
- Is flexible and adaptable to change.
- Recognizes and respects unique cultural differences and is able to adapt own style in order to be effective within the local culture.
- Is mindful of needs and abilities of others when communicating.
- Behaves in an open and honest manner.
- Gives constructive feedback to other team members while being sensitive to their feelings.
Analysis and Judgement
- Balances ‘mindfulness’ with ‘momentum’ i.e., takes sufficient time to think things through and obtain relevant information while moving ahead in a timely manner.
- Puts problems in context so that the right information is used in making decisions.
- Shows good judgment in terms of conveying information to management and knowing when to escalate a problem.
- Recommends clear and practical actions, taking account of the wider business context.
- Anticipates problems and acts rather than waiting to be told what to do.
ABOUT US:
LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific.
LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.
Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.
If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.
About us
LSEG is one of the world’s leading providers of financial markets infrastructure and delivers financial data, analytics, news and index products to more than 40,000 customers in over 170 countries.
We help organisations fund innovation, manage risk and create jobs by partnering with customers at every point in the trade lifecycle: from informing their pre-trade decisions and executing trades to raising capital, clearing and optimisation.
Backed by more than three centuries of experience, innovative technologies and a team of 25,000 people in over 60 countries, we are driving financial stability, empowering economies and enabling you to grow sustainably.
Our purpose
At LSEG, our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
The services we provide as a leading global financial markets infrastructure and data provider are critical for economies around the world. The vital social and economic role we play enables sustainable growth for customers, partners, and the communities we all live in.
Our word is our bond. True in 1801. Just as true today.
London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years. LSEG was created in October 2007 (as the London Stock Exchange Group) when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana.
Our values
Our purpose is the foundation on which our culture is built. At LSEG, our values are Integrity, Partnership, Excellence, and Change. Underpinning our purpose, our values articulate how we work with customers, partners, and each other. They go to the heart of who we are and guide our decision making and everyday actions.
What we do
LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.
With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.
Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.
Our key locations
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across Europe, the Middle East, Africa, North America, Latin America, and Asia Pacific.
Workplace Initiatives
- Programme for parents returning to work after Parental Leave? Yes
- Leadership development programmes? Yes
- Mentoring programmes? No
- Coaching Progammes - Yes
- Employee-led diversity networks? Yes
- Internal women's networking groups? Yes
-Open to discussing flexible work arrangements at interview stage? Yes
Global Parental Leave: 26 weeks
Minimum weeks tenure required to be eligible for paid maternity leave: Global Parental Leave: 12 months / 52 weeks
No. of weeks paid paternity leave at full salary: Global Parental Leave: 26 weeks
Minimum tenure required to be eligible for paid paternity leave: Global Parental Leave: 12 months / 52 weeks
|
Gender Pay Gap |
|
|
2023? |
|
|
Average pay gap: |
N/A* Please see Non-identifiable gender pay gap |
|
Median pay gap: |
N/A* Please see Non-identifiable gender pay gap |
|
Average bonus gap: |
N/A* Please see Non-identifiable gender pay gap |
|
Median bonus gap: |
N/A* Please see Non-identifiable gender pay gap |
|
Non-Identifiable gender pay gap |
1.2% Find out more in our LSEG Sustainability Report 2023 |
Signatory of the UK Women in Finance Charter? Yes - since 2016
Targets to raise the number of women in leadership? Yes - LSEG achieved our goal of 40% female representation in senior leadership positions globally by December 2022. We remain committed to maintaining at least 40% female representation in senior leadership.
Targets to raise the number of BAME individuals in leadership? Yes - 25% underrepresented ethnic groups in senior leadership roles (ExCo and Group Leaders) by 2027
Listed in the Bloomberg Diversity & Inclusion Index? No
Returner Programme
As part of our Global Parental Leave offering, from 1st July 2024 all parents returning from any type of family leave (Global Parental Leave, UK Maternity, Paternity, Adoption or Shared Parental Leave) are eligible to an eight-week phased return to work, working 80% of normal hours at full pay. Additionally, LSEG is introducing enhanced leave to support families whose children require neonatal care.
Other Programmes
We offer a wide range of opportunities for ambitious graduates and students to start a dynamic and rewarding career in global financial markets. You can join us on an Internship or Graduate programme, which provides a formal learning experience or directly into Entry level positions.
Graduate programmes
Our graduate programmes, for final year undergraduate or Masters students and recent graduates, sit within Businessor Technology.
From day one you will be aligned to a division, where you will access divisional and global learning opportunities and experiences.
Our sustainable growth as a business means that more than ever before there are opportunities to develop your career in a truly global organisation, which is critical to the successful functioning of global financial markets. The breadth of our business means you will never lack opportunities to learn and grow.
Our Business Programme will allow you to gain valuable experience within one of our Divisions (Capital Markets, Post Trade , FTSE Russel and Data & Analytics) or, alternatively, work across one of our Group functions (People, Corporate Affairs and Marketing, Finance, Strategy or Risk). In the Divisional roles, you may be involved in helping companies to raise capital, developing benchmark ranges and indices, or building and evaluating risk models. In one of our Group functions, you’ll work in a central function to support company goals.
Our Technology Programme will enable you to launch your career in Engineering by contributing to live projects, collaborating with and being mentored by best-in-class talent as you acquire critical skills through on-the-job experiences. You’ll have a meaningful role in harnessing new, exciting technologies, and work on projects aimed at integrating them into our frontline products and operations.
Learning and Development
At LSEG we believe that colleagues own and drive their development. We understand it can be nerve-wracking to embark on a new career and, in some cases, make the transition from education to practice. We will assist you in nurturing a growth mindset and developing foundational and human skills such as financial market value chain, customer centricity, adaptability, innovation, problem solving and stakeholder management as well as specialist skills that are critical to the division that you will be working with.
During the programme we will provide curated learning pathways through leading learning platforms, a chance to connect with subject matter experts within LSEG and the opportunity to pursue a professional qualification that supports to build critical skills relevant to your area of specialisation, aiming to develop your knowledge and skills – with a global and divisional focus. You will also have access to Career Navigator, our brand-new personalised platform which will empower you to define and achieve your career ambitions within LSEG. You will access global and local learning opportunities and experiences, as well as a network of Early Careers peers who will support you as you progress your career journey at LSEG. You will contribute to wider society through CSR and volunteering initiatives as you build connections forming a global community across LSEG.
LSEG is a place where you can take your career in any direction. We believe in the career philosophy of “My Career. My Opportunity. My Future.”, empowering you with the tools and structure needed to broaden your skills. Beyond the programme, you can look forward to opportunities to advance your skills and learning at every stage of your career. Our scale and global presence give you the opportunity to deepen your abilities and expertise and take the next steps on your journey to achieving your career ambitions.
Internship programmes
Our summer internship programme, for penultimate year students, is a unique opportunity to get to know LSEG’s business and to gain an in-depth insight into financial markets.
Whether you apply for the Business or Technology internship, you will understand what a career with LSEG would really be like. The programme has been crafted to enable exploration of potential career pathways at LSEG, to start to build some of the key skills you will need as a graduate and to support you to build self-insight into your strengths and interests.
Our Technology Internship will enable you to launch your career in Engineering. Your technical placement will involve coding, development, and innovation. You’ll have a meaningful role in harnessing new, exciting technologies and working on projects aimed at integrating them into our frontline operations.
Our Business Internship programme will allow you to gain valuable experience within one of our Business Divisions, whilst gaining broader exposure to the wider Group. You’ll gain valuable experience in one of our Divisions (Capital Markets and Post Trade).
Schools and young people
We’re passionate about maximising the opportunities available to children and young people regardless of their background and have set up a number of initiatives that allow us to provide support.
LSEG Foundation
A vital way of delivering our purpose in the community and wider society is through the LSEG Foundation. Working with charity and NGO partners, we deliver a range of programmes across the globe, creating opportunities for those in need to participate in education, employment and enterprise. This is a vast challenge, so we aim to focus our support where we think it can have the greatest impact. Our aim is to help people access economic opportunities and build a secure future with financial independence.
Our programmes vary by geography and need. We create change through a variety of initiatives. These could include helping girls stay in school for longer, as part of a wider strategy to address gender inequality and community education, guiding young adults into secure work, education programmes for financial literacy or supporting individuals in reskilling for a fresh start.
Work experience
We are committed to supporting young people to explore career opportunities, build their employability skills and bridge the gap between education and practice.
Apprenticeship Programme (UK)
Our Apprenticeship Programme currently offer an 18-month accelerated development programme, combining real work experience with away-from-the-desk learning.
Online financial literacy resources
At LSEG, we believe financial literacy opens up options and opportunities. Whether it’s study and career choices now, or how to save and invest money later on in life, understanding how finance works can help build a better future for us all. To help boost the financial literacy of kids across the globe we offer a wealth of online resources and videos to help you learn more about the world of finance.