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Director, Product Management - Margin

Building the Future of Crypto 

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

What makes us different?

Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.

Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission. We also expect candidates to familiarize themselves with the Kraken app. Learn how to create a Kraken account here.

As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken ProKraken NFT, and Kraken Futures.

Become a Krakenite and build the future of crypto!

Proof of work

The team

Kraken’s Pro business unit is responsible for our global exchange businesses and trading platforms, including our flagship Kraken Pro web and mobile products, high performance APIs and connectivity, and matching infrastructure across spot, margin and derivative products. Our secure, trusted platform and deep liquidity fuel a wide range of clients and partners, from individuals making their first trade on our powerful yet elegant GUIs, to the most sophisticated algorithmic trading firms and prime brokerages.

We are seeking an experienced and highly skilled Product Director to lead the development and evolution of our global margin trading product suite. This role demands a practitioner with deep expertise in leveraged trading, crypto and traditional markets, and risk management, combined with an ability to design intuitive UX and raise the bar on our world-class trading experience.

As a hands-on leader, you will be responsible for the vision, build, profitable and safe operation of our margin offering, a cornerstone of Kraken’s market-leading liquidity across client segments. Our success will require your collaboration with senior cross-functional partners across product, engineering, design, finance, risk, legal, compliance, and operations.

The opportunity

  • Dive deep into the technical, mathematical and legal complexities in order to design and improve the scale, performance, profitability, efficiency and safety of our margin offering

  • Develop risk models and operational procedures for quick and reliable handling of collateral, position limits and market parameters in order to give clients superior capital efficiency.

  • Establish detailed product requirements including UI/UX, calculations, API, and processes, and take ownership of their successful build and delivery

  • Keep track of industry trends, regulatory developments, and competitive offerings to ensure Kraken is positioned for long-term success in a highly dynamic market

  • Design intuitive and powerful UX tailored to the professional trader, incorporating the best principles from both traditional and crypto-native platforms

  • Leverage analytics to monitor product performance, trader behavior, and market trends

  • Lead and mentor a team of product managers and analysts, in order to achieve our objectives

  • Partner with Pro BU and cross-functional leaders to accelerate product and market expansion

Skills you should HODL

  • Deep understanding of trading, leverage, risk, clearing, liquidation and settlement mechanisms

  • First hand experience in trading on both cryptocurrency and traditional exchanges

  • Proven track record of leading cross-functional teams to deliver complex, high-impact products

  • Strong quantitative and analysis skills, including SQL and a language like Python

  • Familiarity with regulatory and accounting frameworks and experience collaborating with regional legal and compliance to develop creative, scalable product solutions and superior UX

  • Thorough grasp of relevant risks (market, liquidity, operational, etc), with first-principles thinking

  • Strong knowledge of trading market participants, their different incentives and constraints

  • Macro-to-micro versatility: strategic mindset coupled with obsessive attention to detail

#LI-Remote #USUKEU #CANUS #LI-AM1

This job is accepting ongoing applications and there is no application deadline.

Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution.

We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.

Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto!

As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws. 

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Average salary estimate

$150000 / YEARLY (est.)
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$120000K
$180000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director, Product Management - Margin, Kraken

Join Kraken as a Director of Product Management - Margin, where you'll play a pivotal role in shaping the future of crypto trading! At Kraken, we pride ourselves on being a mission-focused company with a commitment to the values of crypto. Our Pro business unit fuels global exchange businesses and trading platforms, delivering exceptional products like Kraken Pro and Kraken Futures. In this exciting position, you'll lead the development of our margin trading product suite, crafting intuitive user experiences while ensuring compliance and risk management are at the forefront. You’ll collaborate with cross-functional teams, dive deep into the complexities of trading systems, and leverage your expertise to improve product efficiency and profitability. We’re looking for someone with a solid background in both crypto and traditional trading markets, who can mentor a talented team and help accelerate our product offerings. If you’re passionate about the possibilities of blockchain technology and want to make an impact in financial freedom and inclusion, apply today and become a part of our growing Krakenite family. Your journey in the crypto revolution starts here!

Frequently Asked Questions (FAQs) for Director, Product Management - Margin Role at Kraken
What are the key responsibilities of the Director, Product Management - Margin at Kraken?

As the Director of Product Management - Margin at Kraken, you will be responsible for leading the development and evolution of our margin trading product suite. This includes diving deep into technical complexities, designing user experiences, and collaborating with cross-functional teams to deliver high-impact products that enhance our trading offerings.

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What qualifications do I need to be a Director, Product Management - Margin at Kraken?

To be considered for the Director, Product Management - Margin position at Kraken, you should possess a deep understanding of trading mechanisms, risk management, and familiarity with both cryptocurrency and traditional exchanges. Additionally, you should have strong quantitative skills, proven experience in leading cross-functional teams, and a strategic mindset.

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How does Kraken support its employees in the Director, Product Management - Margin role?

Kraken is committed to providing support to its employees by fostering a collaborative environment. The Director, Product Management - Margin will have opportunities for mentorship, access to industry-leading resources, and the chance to work with a diverse team of experts who share a passion for crypto innovation.

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What kind of professional development opportunities exist for the Director, Product Management - Margin at Kraken?

At Kraken, the Director, Product Management - Margin is encouraged to engage in continuous learning through training, attending conferences, and staying updated with industry trends. It is vital for this role to keep abreast of regulatory developments and market changes to ensure ongoing success and growth.

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What is the company culture like at Kraken for a Director, Product Management - Margin?

Kraken prides itself on a culture that embodies crypto values, focusing on mission-driven work, diversity, and inclusion. As a Director, Product Management - Margin, you’ll be part of a global team united by the goal of accelerating crypto adoption, supporting each other's growth, and driving innovation in a collaborative and respectful environment.

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Common Interview Questions for Director, Product Management - Margin
What experience do you have with margin trading products?

In responding to this question, you should highlight your background with margin trading, describing any relevant products you've worked on, specific achievements, and the insights you've gained regarding risk and market dynamics.

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How would you approach designing a user interface for a margin trading product?

When tackling this question, focus on your understanding of user experience principles. Discuss your process for incorporating user feedback, testing, and iterating designs, emphasizing how you balance functionality and user-friendliness.

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Can you describe a time you led a cross-functional team to deliver a product?

For this question, provide a detailed example of a project, outlining your role, the team's makeup, challenges faced, and how your leadership contributed to the successful delivery of the product.

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What strategies would you implement to manage risks associated with margin trading?

When answering, discuss your knowledge of risk management frameworks and strategies. Explain how you would identify potential risks and outline steps to mitigate those risks while maintaining profitability.

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How do you keep up with industry trends and ensure your products remain competitive?

Here, you can emphasize your proactive approach to industry research, networking with peers, and continuous learning, as well as any specific resources you utilize to stay informed about trends and competitors.

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What metrics would you monitor to assess the success of a margin trading product?

Discuss relevant KPIs such as trading volume, user acquisition, client feedback, and retention rates. Explain how analyzing these metrics can inform future product iterations and enhancements.

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How do you prioritize product features when working with limited resources?

Here, explain your method for feature prioritization, possibly using frameworks such as RICE or MoSCoW. Emphasize balancing user needs, technical feasibility, and business objectives.

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What do you believe is the most crucial aspect of building a margin trading platform?

When responding, focus on ensuring security, regulatory compliance, and a seamless user experience. Highlight how these aspects are fundamental to gaining user trust and promoting successful trading.

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How would you mentor team members to improve product management skills?

Discuss your approach to mentorship, including providing constructive feedback, fostering skills development through workshops or pair programming, and encouraging open communication to drive collaborative growth among team members.

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What emerging trends in crypto trading are you most excited about?

Take this opportunity to express your enthusiasm for specific trends like DeFi, NFT trading, or regulatory changes. Relate these trends back to how they could impact margin trading products at Kraken and the broader industry.

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Full-time, remote
DATE POSTED
December 5, 2024

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