Product Manager - Securities Lending and Borrowing

Euroclear’s established securities lending programs maximise yield for lenders whilst providing liquidity and settlement efficiency for borrowers. The programs encompass two core services: Euroclear’s strategic driven GCA (Global Collateral Access) lending program and its settlement driven SLB Autoborrow program. As Product Manager you will be part of a team that manages this suite of services offered by Euroclear and you will play an important role in the oversight, management and evolution of the securities lending product. You will interact with all relevant internal stakeholders across Trading, Sales, Client Service, Risk, Operations and IT as well as external stakeholders including clients, service providers, market infrastructures and industry associations.

Role

• SLB/AutoBorrow: contribute to the product roadmap and pricing strategy, including commercial proposals, business cases, and stakeholder alignment.
• GCA Front Office: exchange insights on borrowing demand, specific borrower opportunities including pricing aspects.
• Sales & Relationship Division: Working with Relationship Managers and Business Development Managers to ensure effective product roll‑out and visibility.
• Product Business Analysts and Application Domain Management: engage and collaborate with the relevant teams for efficient Project management and on‑time IT delivery.
• Operations: providing the necessary support to ensure proper function of business as usual including the management of any escalations.
• Incident Management: Take ownership of operational incidents and recalls, ensuring service continuity and effective client communication.
• Regulation: Contribute to Euroclear’s T+1 operational‑day redesign for both SLB and GCA products. Coordinate regulatory and legal work related to securities‑lending requirements and the onboarding of new asset classes, ensuring product, operational and legal alignment. Ensure the legal framework and documentation remains up to date.
• Banking and Credit: Develop an understanding of Euroclear’s risk framework and collateral schedules to assess opportunities for business growth. Develop data‑led decision‑making through KPIs, analytics, and business opportunity identification.
• Audit and Risk Management: Ensure an accurate and efficient control framework at all times.

Your Profile

• Product & Analytical Skills: Demonstrate product‑management capabilities (roadmaps, pricing, business cases). Ability to interpret market data, identify trends, developing business cases and build actionable insights. Ability to formulate and drive strategies forward.
• Problem solving: Can navigate effectively through complex challenges and make strategic decisions based on a comprehensive understanding of facts to address complex issues.
• Market Infrastructure: Have an understanding of securities lending, settlement cycles, liquidity, and recall processes. Ability to translate market and regulatory changes (e.g. T+1) into operational and product impacts.
• Operational & Risk Awareness: Ability to navigate operational escalations and cross‑team dependencies. Have an insight into settlement flows, credit/liquidity considerations, and operational‑day design.
• Stakeholder & Client Engagement: Good communication and alignment skills across multiple stakeholders (Ops, IT, Trading, Risk, Legal, Commercial). Networking: A willingness to build and maintain an extensive and influential professional network and to foster collaboration and information knowledge exchange.
• Leadership Development Skills: Comfortable driving clarity in technical or ambiguous situations. You seek autonomy, thrive in less structured environments and welcome challenges to your views.

About Euroclear

Working together, winning together. At Euroclear, teamwork is at the heart of everything we do. To promote openness and communication we have open offices, flexible working, a collaborative online platform spread over 15 different locations and a casual dress code. We continuously strive to do things better but also inspire our people to make finance fun. Working together is winning together!

Our Values

• Integrity: We stay true to our moral and ethical compass, acting with honesty, respect, humility and transparency to create trust.
• Client Centricity: We listen, we deliver on our promises with high standards of quality and we innovate together with clients.
• Care: We care about each other and the future of the company. We make a positive impact on our communities and our environment for a more inclusive and sustainable world.
• Collective Ownership: We work together and for each other as one Euroclear, acting as owners of the business, and taking individual accountability to create value.
• Courage: We express our views, we challenge constructively, we make trade‑offs and we act with courage.
• Curiosity: We challenge the status quo by listening, learning and seeking out other perspectives, leveraging the outside world to be the industry leader.

We believe that our people are our strength. The diverse talents that our employees bring to the table, are directly linked to our global success. We are committed to creating an inclusive culture that celebrates diversity, and strive to be a Great Place to Work for All. All qualified applicants will be considered for employment, regardless of their race, religion, colour, national origin, gender, sexual orientation, gender identity or expression, age, marital status, pregnancy, neurodiversity, disability, or any other aspect that makes them unique. If you need any specific accommodation due to disability or any other reason, you can let the recruiter know during your application process.