Head of Derivatives Product, Dubai
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Key skills for this role
About the Role
A digital asset exchange is seeking a Head of Derivatives Product in Dubai to own the end-to-end product vision for a crypto options trading platform. The role involves defining product specifications, managing the roadmap, and collaborating with quant and engineering teams.
Key Skills for This Role
Responsibilities
- Define complete product specification for v1: instrument design, trading rules, and fee structure
- Own product roadmap from MVP through v2 (portfolio margin, multi leg strategies, combos and spreads)
- Translate quant team's risk methodology into clear, publishable product documentation and trading rules
- Design trader experience in partnership with frontend engineering: options chain layout, Greeks dashboards, position management, strategy builder
- Benchmark continuously against leading crypto options venues; identify gaps and differentiation opportunities
- Define settlement procedures, expiry calendars, and corporate event handling
- Work with Market Maker Relationship Lead to shape maker/taker fee tiers, block trade facilities, and RFQ functionality
- Own regulatory and compliance product requirements in coordination with legal counsel
- Define and track success metrics: open interest, daily volume, bid ask spreads, active traders, liquidation rates
- Run beta programs with anchor clients; convert client feedback into prioritized backlog
Requirements
- 7+ years in derivatives product management, with at least 3 years on options specifically (crypto or TradFi)
- Direct experience launching or significantly scaling a derivatives product at an exchange, brokerage, or trading platform
- Deep working knowledge of options mechanics: Greeks, IV, moneyness, margin methodologies, settlement and exercise conventions
- Demonstrated ability to write precise product specifications that engineers and quants can build from
- Experience working alongside market makers and understanding their requirements (API quality, rate limits, mass quote, cancel on disconnect)
- Strong understanding of crypto market structure: perpetuals, funding rates, index construction, cross exchange liquidity
Full Job Posting
About the Role
- Our client is a well established digital asset exchange and trading platform building a crypto options trading platform (European style, cash settled BTC/ETH options).
- As Head of Derivatives Product, you will own the end to end product vision and drive the platform from concept to live trading within six months.
Key Responsibilities
- Define complete product specification for v1: instrument design, trading rules, and fee structure.
- Own product roadmap from MVP through v2 (portfolio margin, multi leg strategies, combos and spreads).
- Translate quant team's risk methodology into clear, publishable product documentation and trading rules.
- Design trader experience in partnership with frontend engineering: options chain layout, Greeks dashboards, position management, strategy builder.
- Benchmark continuously against leading crypto options venues; identify gaps and differentiation opportunities.
- Define settlement procedures, expiry calendars, and corporate event handling.
- Work with Market Maker Relationship Lead to shape maker/taker fee tiers, block trade facilities, and RFQ functionality.
- Own regulatory and compliance product requirements in coordination with legal counsel.
- Define and track success metrics: open interest, daily volume, bid ask spreads, active traders, liquidation rates.
- Run beta programs with anchor clients; convert client feedback into prioritized backlog.
Required Qualifications
- 7+ years in derivatives product management, with at least 3 years on options specifically (crypto or TradFi).
- Direct experience launching or significantly scaling a derivatives product at an exchange, brokerage, or trading platform.
- Deep working knowledge of options mechanics: Greeks, IV, moneyness, margin methodologies, settlement and exercise conventions.
- Demonstrated ability to write precise product specifications that engineers and quants can build from.
- Experience working alongside market makers and understanding their requirements.
- Strong understanding of crypto market structure: perpetuals, funding rates, index construction, cross exchange liquidity.
Preferred Qualifications
- Prior role at a leading crypto options venue, a major derivatives exchange, or an options market making firm.
- Experience with both retail and institutional product surfaces.
- Familiarity with derivatives regulation across key jurisdictions (EU/MiCA, UAE/VARA, Singapore/MAS).
- Hands on trading experience in options (personal or professional).
Success Looks Like (First 6 Months)
- Month 1: Complete v1 product specification signed off by CEO, quant lead, and engineering.
- Month 3: Testnet live with anchor client traders; trading rules and docs published.
- Month 6: Mainnet launch with 2+ committed market makers and measurable daily volume.
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