Junior Product Manager

Posted 11 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
Senior level
Financial Services
The Role
Partner with broking desks and stakeholders to capture requirements, maintain backlog, translate needs into user stories, coordinate delivery with developers and QA, run UAT, validate business logic, support releases, analyze usage and metrics to improve rates and credit trading workflows.
Summary Generated by Built In
Responsibilities
  • Partner with broking desks and business stakeholders to document needs, pain points, and enhancement opportunities across rates and credit products

  • Translate business needs into clear user stories, acceptance criteria, and functional requirements

  • Maintain the product backlog and support prioritization discussions with senior product managers

  • Serve as the day‑to‑day liaison between broking desks, developers, and QA to ensure smooth delivery

  • Track deliverables, dependencies, and risks, escalating blockers to senior product managers when needed

  • Support release readiness activities, including documentation, training materials, and rollout communications

  • Review QA test scenarios and validate business logic for credit and rates workflows

  • Coordinate User Acceptance Testing (UAT) with end users and ensure timely sign‑offs

  • Analyze usage and workflow data to identify improvement opportunities such as liquidity, pricing, trade capture quality, and exception rates

  • Assist with metrics reporting, including feature adoption, workflow performance, and issue trends

  • Strong understanding of Fixed Income markets across Rates and Credit

  • Solid knowledge of government bonds such as Treasuries, Gilts, and EGBs, as well as inflation‑linked bonds like TIPS and Linkers

  • Credit market experience in at least one area:

    • Corporate Bonds (Investment Grade / High Yield)

    • Emerging Markets Bonds (sovereign and/or corporate)

  • Working knowledge of Interest Rate Derivatives including IRS, OIS, FRA, basis swaps, swaptions, and caps/floors

  • Working knowledge of Credit Derivatives including single‑name CDS and CDS indices

  • Understanding of key lifecycle events such as coupons, rolls, and credit events at a workflow level

  • Understanding of essential pricing and risk concepts: price vs. yield, yield‑to‑maturity, DV01, and their use in trading workflows

  • Awareness of credit‑specific fundamentals including spread, clean vs. dirty price, and settlement conventions at a workflow level

  • Familiarity with common trading structures such as switches, flies, basis trades, and spread switches

  • Knowledge of trading protocols including central limit order books (CLOB) and basic auction mechanisms

  • (Optional) Exposure to implied trading and legging strategies

Technical Skills

  • Strong Excel skills (advanced formulas; comfort working with large datasets).
  • Working knowledge of SQL for querying data (Oracle, Sybase, or NoSQL exposure helpful).
  • Basic-to-intermediate Python for analysis (Pandas/Matplotlib) in Jupyter/Colab preferred.
  • Comfortable capturing requirements and delivery tracking in Confluence and Jira.

Familiarity with QA practices; ability to help define test scenarios and validate outcomes

Qualifications
  • Minimum 5 years of experience in a product, business analyst, or delivery role within:
    • Fixed income and/or credit trading platforms, e-trading venues, interdealer brokerage, market infrastructure, or adjacent capital markets technology.
  • Demonstrated experience working with:
    • Front-office users (traders/brokers/sales), technology teams, and QA.
  • Personal Attributes
  • Clear communicator with strong stakeholder management skills.
  • Analytical, detail-oriented, and comfortable working with numbers and trading concepts.
  • Proactive, takes initiative, and thrives in fast-paced environments.
  • Collaborative mindset with a bias toward execution and problem-solving.

Skills Required

  • Minimum 5 years of experience in a product, business analyst, or delivery role within fixed income/credit trading platforms, e-trading venues, interdealer brokerage, market infrastructure, or adjacent capital markets technology
  • Strong understanding of Fixed Income markets across Rates and Credit
  • Solid knowledge of government bonds such as Treasuries, Gilts, EGBs and inflation-linked bonds (TIPS, Linkers)
  • Credit market experience in at least one area: Corporate Bonds (IG/HY) or Emerging Markets Bonds (sovereign and/or corporate)
  • Working knowledge of Interest Rate Derivatives: IRS, OIS, FRA, basis swaps, swaptions, caps/floors
  • Working knowledge of Credit Derivatives including single-name CDS and CDS indices
  • Understanding of key lifecycle events (coupons, rolls, credit events) at a workflow level
  • Understanding of pricing and risk concepts: price vs. yield, yield-to-maturity, DV01 and their use in trading workflows
  • Awareness of credit fundamentals: spread, clean vs. dirty price, settlement conventions at a workflow level
  • Familiarity with trading structures: switches, flies, basis trades, spread switches
  • Knowledge of trading protocols including central limit order books (CLOB) and basic auction mechanisms
  • Demonstrated experience working with front-office users (traders/brokers/sales), technology teams, and QA
  • Strong Excel skills (advanced formulas; comfort with large datasets)
  • Working knowledge of SQL for querying data (Oracle, Sybase, or NoSQL exposure helpful)
  • Comfortable capturing requirements and delivery tracking in Confluence and Jira
  • Familiarity with QA practices; ability to help define test scenarios and validate outcomes
  • Basic-to-intermediate Python for analysis (Pandas/Matplotlib) in Jupyter/Colab
  • Exposure to implied trading and legging strategies
  • Clear communicator with strong stakeholder management skills
  • Analytical, detail-oriented, comfortable working with numbers and trading concepts
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The Company
HQ: New York, NY
1,857 Employees
Year Founded: 1945

What We Do

Cantor Fitzgerald is a leading global financial services firm, serving clients from over 30 offices around the world. Founded in 1945 as a securities brokerage and investment bank, the firm pioneered computer-based bond trading, built one of the broadest distribution networks in the industry and became the market’s premier dealer of government securities. Today, Cantor Fitzgerald is known for its strength across a diverse array of businesses, including equity and fixed income capital markets, investment banking, commercial real estate finance and services, prime brokerage, asset management and wealth management, and e-commerce and online ventures. In all its businesses, the firm is an acknowledged leader in developing advanced technologies to expand market access, and help clients achieve their most important financial and strategic objectives. This commitment to client-centered innovation has led to enduring relationships with many of the world’s most demanding institutional investors and corporations. For more information please visit www.cantor.com.

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