Senior Product Manager - Collateral (UK based) in London

Pirum provides a comprehensive set of SaaS products to capital markets to support securities financing trading. Our CollateralConnect platform provides real-time visibility of collateral and inventory across multiple books and triparty venues, serving major global lenders including G-SIBs, and managing over $1.5 trillion in triparty collateral daily across 50,000+ accounts.

We are looking for a Senior Product Manager (Collateral Management) to own and drive Pirum’s collateral product suite — encompassing CCS Core, ECPOConnect (our triparty-connected optimisation module), and CDA (Client Directed Allocations).

As a product company, the Product Management team is at the heart of defining and delivering the product roadmap. The Senior Product Manager role works collaboratively with product management colleagues, product development squads and senior engineering staff, focusing on requirements, backlog, and delivery. The Senior Product Manager role reports directly to the Director of Product Management, Collateral & Digital Assets.

Duties & Responsibilities

• Contribute to and help maintain the Collateral Management roadmap (CCS Core, ECPOConnect, CDA) aligned to Pirum’s strategic vision, balancing client retention, revenue growth, and platform scalability.
• Act as a key intake point for collateral-related product requests, supporting the assessment of requests against intake criteria and product strategy before they enter the backlog.
• Lead Product Discovery by collaborating closely with clients and Business Solutions stakeholders to identify high-value enhancements, optimisation use cases, and eligibility improvements across the collateral lifecycle.
• Ensure product requirements are articulated in high-quality Product Requirement documents at the appropriate granularity and detail, and rigorous spec reviews are conducted.
• Use data-driven prioritisation frameworks (e.g. WSJF, RICE etc.) to triage across backlog items, blending business value, time-criticality, risk-reduction, and effort.
• Alongside the Tech Lead (TL) and Engineering Manager (EM), ensure that prioritisation between features, quality (resiliency, security etc.), test automation, tooling, and tech debt follow the guidance and policy provided by CPO/CTO.
• Collaborate with the Technical Lead to ensure the backlog quality and readiness is maintained with appropriate granularity and grooming.
• Work closely with the TL, EM, and team to conduct effective sprint planning, backlog management, and drive for the best outcomes in terms of features, time, and quality.
• Contribute to the strategic business case for cross-venue optimisation, including competitor analysis, commercial modelling, and phased delivery planning.
• Support the commercial and technical relationship with key triparty partners, navigating joint delivery dependencies.
• Contribute to the creation of sales and marketing materials and support external messaging to clients.
• Ensure products are handed over to service delivery teams effectively and products are supported appropriately during their lifetime.
• Work with stakeholders to maintain positive working relationships with clients, related partners and external system vendors.

Skills, Knowledge & Attributes

• Deep domain knowledge of collateral management, securities lending, repo, and/or derivatives margining workflows. Understanding of triparty mechanics (BNY, JPM, Euroclear, Clearstream), eligibility schedules, optimisation engines, and collateral mobilisation.
• 5+ years' experience as a product manager / product owner working in enterprise SaaS product companies in financial services, with diverse product management best practices experience.
• Demonstrated experience managing products serving large institutional clients (G-SIBs, Tier-1 banks, asset managers) where relationship management are critical.
• Product Leadership: experienced in detailed product discovery with clients, translating complex operational and regulatory needs into clear product outcomes and requirements, product backlogs and prioritisation.
• Strong commercial acumen: ability to frame product investments in terms of ARR protection, pipeline conversion, and upsell potential; experience contributing to business cases and investment decisions.
• Understanding of regulatory drivers relevant to collateral management (e.g. UMR, Basel III, CSDR, T+1 settlement compression) and ability to translate regulatory change into product opportunity.
• Agile development leadership: Agile practices, trade-off decisions, backlog management, product increment planning etc.
• Technical Acumen: general understanding of product architectures, APIs (particularly triparty and venue APIs), data feeds, and software delivery processes, with ability to partner effectively with engineering teams.
• Experience managing multi-stakeholder environments with competing priorities across clients, partners, and internal teams.
• Mastery of AI tools which help the product creation process.
• Relationship management: developing and maintaining relationships at all levels and with all stakeholder types, including external venue partners.
• Self-motivated, pro-active and autonomous, with excellent collaboration skills.
• Jira and Confluence proficiency required.
• Excellent communication and presentation skills.

About us

Established in 2000, Pirum is a dynamic Fintech that provides a comprehensive set of SaaS based automation solutions facilitating pre-/post-trade processing, regulatory reporting and collateral management for the global securities finance industry. Pirum’s client base includes most of the top-tier financial institutions worldwide and the business is as recognised for its innovative solutions as it is for providing best-in-class customer service.

Headquartered in London, and with offices also in New York, Pirum is currently co-owned by two PE firms – Bowmark Capital (since 2019) and Hg Capital (since 2021/22). Under Bowmark’s and Hg’s ownership, Pirum has pursued an ambitious agenda of organic growth, with the investors’ financial services technology credentials and international footprints enabling Pirum to continue its global expansion and investment in additional innovations.

Pirum offers the opportunity to work inside a growing, collaborative and entrepreneurial company. Our skilled professionals act with integrity and deliver to the highest standards. We operate as a meritocracy where good work is recognised and rewarded, and a healthy work-life balance is supported. We are committed to sustainability initiatives and the promotion and pursuit of a diversity and inclusion.

Equal Opportunities Statement

Pirum is an Equal Opportunities employer. We see diversity as integral to our success as a company and are committed to providing an inclusive, mutually respectful workplace that is free of discrimination and harassment.

We believe in recognising our people based on merit and ability alone and do not discriminate, or tolerate discrimination, whether on the basis of race (including colour, nationality, ethnic or national origins), sex, sexual orientation, age, disability, gender reassignment, marriage and civil partnership status, pregnancy/maternity, religion or belief.

We uphold this policy in all aspects of employment, including recruitment, promotion, transfer, training, benefits and compensation.

Candidate Privacy Notice

We are committed to protecting the privacy and security of your personal information. Please read our Candidate Privacy Notice (available on our website) before applying for any role with us. There, we explain how and why we collect your personal data, including how it is processed and shared as part of our recruitment process.

Agencies

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