About this role
About the Role Smarkets Clearing is seeking a Market Participant Director for the board of Smarkets Board of Trade Clearing LLC. The role brings practical market-user, trading, clearing, brokerage, risk-management, or derivatives-market experience into the governance of the DCO. The Market Participant Director is not required to be independent of market participants; the purpose is to bring informed participant perspective to the clearinghouse’s governance, subject to fitness, integrity, and conflicts-of-interest controls. The director must exercise judgment consistent with Smarkets Clearing’s regulatory obligations and must not act solely as a representative of any clearing member, trading participant, customer, shareholder, employer, client, or commercial interest.
What You'll Do The director will contribute to board-level oversight of Smarkets Clearing — including participant eligibility and access, clearing and settlement operations, collateralisation, participant-facing controls, market conduct, operational risk and resilience, default management, financial resources, system safeguards, regulatory compliance, and recovery and wind-down planning. The role brings practical insight into how clearinghouse rules, controls, and processes affect participants, customers, and other stakeholders, and provides non-executive oversight and constructive challenge, not day-to-day management.
What We're Looking For Generally have at least 10 years’ relevant experience (or equivalent seniority and expertise), with strong familiarity across clearing and settlement processes, collateralisation, payment flows, operational risk, market conduct, participant onboarding, trading and clearing controls, and exchange or clearinghouse rulebooks — plus an understanding of the practical implications of governance decisions for market users. Relevant backgrounds include trading, clearing, derivatives markets, event contracts, brokerage, liquidity provision, market operations, risk and collateral management, settlement, compliance, or financial-market infrastructure. The candidate may be drawn from a Participant, Clearing Participant, trading firm, customer, liquidity provider, brokerage, or other firm with relevant experience in cleared markets. Independence, Conflicts and Fitness: The Market Participant Director is not required to be independent of market participants, and the role may suit a candidate with current or recent participant experience, provided all conflicts are disclosed and capable of being managed in line with governance standards.
Compensation & Benefits Not disclosed