Non-Executive Director (DCM Public Director / DCO Independent Director)

Job title: Non-Executive Director (DCM Public Director / DCO Independent Director)

About the Role Smarkets is seeking two senior independent non-executive directors to serve on the boards of both Smarkets Board of Trade Exchange LLC (a designated contract market) and Smarkets Board of Trade Clearing LLC (a derivatives clearing organisation). Each director will serve as a DCM Public Director of Smarkets Exchange and a DCO Independent Director of Smarkets Clearing. This dual-board appointment requires meeting both independence standards; non-fulfillment of either standard disqualifies a candidate. The role provides non-executive oversight and constructive challenge rather than day-to-day management.

What You'll Do

• Sit on both boards to provide non-executive oversight and constructive challenge across regulatory compliance, market integrity, risk management, operational resilience, system safeguards, settlement and financial resources, participant access, conflicts of interest, and recovery and wind-down planning, in line with public-interest obligations.
• DCM Public Director — board-level oversight of the exchange's regulatory programme (surveillance, investigations, disciplinary processes, rule enforcement), regulatory budget/resources, and the performance of the Chief Regulatory Officer; may serve on the DCM Regulatory Oversight Committee and other committees to ensure fair, impartial decision-making and consistent application of the Rulebook.
• DCO Independent Director — board-level oversight of the clearinghouse's risk management framework, settlement, participant eligibility, collateralisation model, default management, financial resources, system safeguards, operational resilience, and recovery/wind-down planning; one of the DCO Independent Directors will chair Disciplinary Panel, Membership Committee and Appeals Committee, so candidates should be willing to perform committee chair duties and uphold procedural fairness.

What We're Looking For

• At least 10 years’ relevant senior experience (or equivalent seniority, expertise, or regulatory experience).
• Demonstrated ability to satisfy both the DCM Public Director independence standard and the DCO Independent Director material-relationship standard.
• Experience in governance roles with self-regulatory responsibilities, market regulation, risk management, and financial resources oversight; ability to provide impartial oversight and constructive challenge.
• Willingness to perform committee chair duties (Disciplinary Panel, Membership Committee, Appeals Committee) as needed for the DCO Independent Director role.
• Strong non-executive mindset with focus on governance, independence, and public-interest objectives.