RWA Product Manager
Job Responsibilities
Responsible for product planning and delivery of Direct Stocks and Tokenized Stocks, covering core modules including accounts, assets, trading, market data, fund settlement, and corporate actions.
Responsible for interfacing with overseas brokers, clearing houses, custodians, and tokenized stock issuers — driving API integration, business process design, system joint testing, and product launch.
Design US equity trading product capabilities, including:
Order types: market orders, limit orders, conditional orders, etc.
Trading sessions: pre-market, regular hours, after-hours, and overnight trading
Buying power, order freezes, trade settlement deductions, and unsettled funds management
Market data display, NBBO, price protection, and abnormal market data fallback mechanisms
Corporate actions: dividends, stock splits, reverse splits, mergers & acquisitions, and delistings
Responsible for integrating Direct Stocks with the platform's existing account system, fund accounts, and trading infrastructure — designing fund flows including deposits, FX conversion, transfers, settlement, reconciliation, and withdrawal restrictions.
Responsible for mStocks product mechanism design, including token issuance, subscription/redemption, minting/burning, asset custody, price pegging, liquidity, and on-chain trading workflows.
Collaborate with compliance, legal, finance, risk control, engineering, and operations teams to drive product market access, investor suitability management, and risk control solutions across different countries and regions.
Continuously research and produce competitive analysis and product iteration proposals.
Qualifications
3+ years of experience in trading products, with background in US equities, securities trading, brokerage, tokenized stocks, or RWA products.
Familiar with the Direct Stocks business model, with an understanding of the roles of brokers, introducing brokers, clearing brokers, custodians, and market makers.
Proficient in core securities trading processes, including:
Orders, fills, positions, and buying power
T+1 settlement and unsettled cash
Omnibus accounts and sub-accounts
Prefunding, net settlement, and reconciliation
Corporate actions and dividend tax
Familiar with US equity trading sessions, order types, time-in-force (TIF), circuit breakers, NBBO, SIP market data, and price protection mechanisms.
Understands the business architecture of Tokenized Stocks / mStocks, including on-chain issuance, reserve assets, subscription/redemption, liquidity management, and price pegging mechanisms.
Strong systematic product design skills — able to independently deliver business process design, product architecture, state machines, exception handling, and reconciliation solutions.
Strong English communication skills, capable of directly engaging with overseas brokers, vendors, and partner institutions to drive requirements and resolve issues.
Detail-oriented regarding trading mechanics and fund security, with strong cross-functional coordination and complex project management capabilities.