Senior Product Manager, Investments & Derivatives Products

Role overview

Senior Product Manager, Investments & Derivatives Products at Mudrex

Required qualifications

• 4-6 years in product management, with meaningful time on a trading or investments product Reports to: Senior Director of Product Management About the role Mudrex is one of India's leading crypto investment platforms.
• Our derivatives business, USDT and INR perpetual futures alongside Spot trading, is the fastest-growing part of the platform, and we are scaling both the product surface and the team behind it.
• We are hiring a Senior Product Manager to own the execution roadmap for our derivatives and investment products.
• You will own sprint-level product decisions end to end: what ships, in what order, with what trade-offs, working directly with our engineering pods, design, and growth.
• The Director retains portfolio strategy; you own everything between strategy and shipped product, and you are expected to make calls without escalating routine domain questions.
• This is a high-leverage role on a real-money, real-time system.
• Mistakes here cost users money.
• You should find that motivating, not frightening.
• What you will own Sprint-level product ownership across Futures (USDT and INR perpetuals) and Spot: backlog definition, prioritization, trade-off decisions, and release quality across multiple engineering pods.
• PRDs and specs for trading features such as advanced order types, charting integrations, margin and leverage flows and order lifecycle edge cases.
• Your specs should be precise enough that engineering rarely needs a clarification round.
• Trading mechanics correctness: funding rates, margin and liquidation behavior, fee and tax handling (TDS, GST), INR/USDT translation flows, and reconciliation edge cases.
• You will be the first line of judgment on whether an edge case is a P0.
• Metrics ownership for your surface: trading volume, order success rates, funnel conversion from deposit to first trade, and feature adoption.
• You define instrumentation, not just consume dashboards.
• Cross-functional coordination with quant, risk, compliance, design, and growth, including campaign and activation infrastructure tied to trading behavior.
• Competitive intelligence: you should know what Delta Exchange, CoinDCX, Binance, and Bybit shipped last quarter and have a view on what matters.
• What we are looking for 4-6 years in product management , with at least 2 years on a trading, broking, derivatives, or exchange product.
• Indian broking F&O (equity or commodity derivatives), crypto exchanges, or trading infrastructure are the strongest fits.
• Working fluency in derivatives mechanics: you can explain funding rates, mark vs. last price, initial vs. maintenance margin, and liquidation waterfalls without looking them up.
• Strong written PRD discipline.
• You write specs that enumerate edge cases, define acceptance criteria, and survive contact with engineering.
• Analytical self-sufficiency: comfortable with SQL or equivalent, able to pull your own funnel and cohort data, and able to instrument new features correctly.
• Decision-making under ambiguity: evidence that you have owned calls with real downside, and a track record of escalating the right 10% rather than the easy 50%.
• Operating cadence: you have run multi-pod or multi-squad sprint processes and kept velocity without becoming a ticket administrator.
• Strong signals (not required) You trade derivatives yourself, in crypto or Indian F&O.
• Experience building on third-party exchange or liquidity infrastructure.
• Exposure to Indian crypto regulation and tax mechanics (1% TDS, Section 194R, GST treatment).
• Experience with TradingView or charting library integrations.
• Prior 0-to-1 or early-scale experience where you wore both execution and strategy hats.
• What this role is not It is not a delivery manager or scrum master role.
• You own product decisions, not just ceremonies.
• It is not a strategy-only role.
• You will be in the details of order states, fee ledgers, and reconciliation flows weekly.
• It is not a role for someone who needs a fully de-risked spec handed to them.
• You write the spec.
• Why Mudrex Derivatives volume has scaled more than 10x and continues to compound; you will own a surface that materially moves company revenue.
• Small, senior product team with direct access to leadership and short decision loops.
• You inherit a mature product operating system: established pod structures, PRD standards, and roadmap processes, so you can focus on product judgment, not process invention.
• Hiring process Intro call with the hiring manager (30 min) Domain and product depth round: derivatives mechanics, edge-case reasoning, prioritization (60 min) Written exercise: a short PRD or teardown on a real trading feature (take-home, time-boxed) Cross-functional round with engineering and design leads Founder/leadership conversation

Employment details

• Location: Bangalore [Karnataka] [India]