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

Responsibilities

• DCM Public Director - Smarkets Exchange
• DCO Independent Director - Smarkets Clearing
• Candidate Profile
• Candidates would generally have at least 10 years' relevant senior experience (or equivalent seniority, expertise or regulatory experience), drawn from areas such as:
• regulated exchanges, clearinghouses, trading venues, or financial market infrastructure;
• derivatives, event contracts, clearing, settlement, or market operations;
• regulatory, compliance, surveillance, enforcement, or legal functions;
• financial services governance or board service;
• enterprise risk, cybersecurity, technology risk, or operational resilience;
• audit, finance, or controls oversight; or
• public policy, regulation, or public-interest governance.
• Independence, Eligibility and Conflicts
• The director must satisfy the independence standards for both roles:
• DCM Public Director: no material relationship with Smarkets Exchange - i.e. no relationship that could reasonably affect the director's independent judgment.
• DCO Independent Director: no material relationship with Smarkets Clearing. In particular, the individual must not currently be, or have been within the past year, an officer or employee of Smarkets Clearing or an affiliate, or a director, officer, or employee of a Participant or Introducing Broker.
• Time Commitment
• The director must attend quarterly board and committee meetings, review board materials, contribute to regulatory and governance discussions, and be available for urgent matters. Additional time may be needed for committee chair duties, disciplina

Additional Information

Independent Non-Executive Director DCM Public Director / DCO Independent Director About Smarkets Smarkets is a prediction market exchange for sports and political trading that has handled over $50 billion in volume since 2010. We are upending the sports betting industry by growing a platform that offers the best value for traders, with not only the fairest prices but also the best technology, alongside a superior customer experience. Entities Smarkets Board of Trade Exchange LLC Smarkets Board of Trade Clearing LLC Role Summary 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. As this is a dual-board appointment, each candidate must satisfy both the DCM Public Director independence standard and the DCO Independent Director material-relationship standard; satisfying only one will not qualify a candidate for the role. The role provides non-executive oversight and constructive challenge, not day-to-day management; the experience we are looking for is set out below.

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