Product Manager - Prop Trading - Breakout

Breakout is a crypto-native proprietary trading platform backed by Kraken. Founded in 2023 by industry veterans, it combines deep liquidity, cutting-edge technology, and world-class risk management to create an unparalleled trading experience. Acquired by Kraken, it operates two prop trading products — Breakout Prop and Kraken Prop — at the intersection of the world's most trusted crypto exchange and a fast-moving prop firm. Kraken is a fully remote company with Krakenites in 70+ countries who develop premium crypto products for experienced traders, institutions, and newcomers to the space.

Product depth:

• 3-6+ years in senior product management, with significant time owning a trading or execution product
• Deep understanding of derivatives trading — perps, futures, margin, leverage, order types, risk parameters
• Experience building for professional or semi-professional traders who have high expectations and low tolerance for friction
• Track record of shipping complex, technically demanding features end-to-end with high quality
• Ability to write detailed, unambiguous product requirements that engineers can act on without constant clarification
• Strong opinions on trading UX — you've used the best terminals out there and you know what good looks like

Technical fluency:

• Comfortable in the technical weeds — you can read API docs, understand data contracts, and have an informed opinion on architectural tradeoffs
• Experience working on products with real-time data requirements (streaming prices, live P&L, order state)
• Familiarity with trading infrastructure concepts — order routing, execution layers, risk engines, position monitoring
• Bonus: experience with agentic workflows, algorithmic trading, or API-first product design

Leadership & craft:

• Senior enough to own a domain with minimal direction — you set the agenda, you don't wait for one
• Strong written communicator — your PRDs, tickets, and async updates are clear and complete
• Experience working across multiple engineering teams and navigating cross-functional dependencies
• Trader empathy — you understand what it feels like to have a position open and need the product to work perfectly
• Crypto-native or deeply curious — you understand the space, the culture, and why prop trading matters here

• Drive the trading experience roadmap within your domain — sequencing, requirements, and delivery — in close partnership with the Head of Product
• Define what best-in-class prop trading UX looks like: fast, intuitive, and built for serious derivatives traders
• Drive execution on near-term priorities and terminal parity with the best in market (Hyperliquid and beyond)
• Lead the product strategy for agentic and API trading — giving power users programmatic access to prop capital
• Partner with Kraken Pro engineering to build a trading experience that feels native to the crypto ecosystem while serving the specific needs of prop traders
• Work closely with the risk team to translate execution nuance into product requirements — understanding A-book vs B-book mechanics, drawdown rules, and how they shape UX
• Set the bar for what "done" means on trading features — requirements, edge cases, acceptance criteria, and post-ship iteration

Unless a specific application deadline is stated in the job posting, applications are accepted on an ongoing basis. Applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution. We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. Kraken is an equal opportunity employer and does not tolerate discrimination or harassment of any kind based on protected characteristics as outlined by federal, state or local laws.