In this work we propose some methodologies to identify, measure and reduce typical operational risks. The analysis is designed based on some recent product managers’ experience at a leading global OTC derivatives broker (TP ICAP Parameta Solutions, London). We focus on both the technical aspects of building products and the communication skills needed in product teams, highlighting what we can learn about common communication mistakes different roles can typically make in daily stand-up meetings. In this analysis we explain the product/software development lifecycle and why following it reduces risk and confusion. It introduces the key roles and skillsets in product development (project manager, product manager/owner, business analyst, developer, architect, tester/QA) and how their responsibilities and hand-offs should work in practice. It uses an interest rate swap valuation product as a concrete example, including high-level architecture and typical tools used for its build in a source-controlled environment. As an example, we conclude this presentation with a simulated business meeting role-play, where decision makers can practice clearer updates, better questions, and cross-functional collaboration during real life business meetings.

TYPE OF RESEARCH – Empirical

STAGE OF RESEARCH – First Draft