Who We Are:

Alpaca is a US California headquartered brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, Options, Cryptocurrencies, and more, and has raised over $170 million in funding. Amongst our subsidiaries, Alpaca is a licensed financial services company in multiple countries, and we serve hundreds of financial institutions globally such as broker-dealers, investment advisors, hedge funds, and crypto exchanges.

Alpaca’s globally distributed team members bring in diverse experiences such as engineers, traders, and brokerage professionals to achieve our Mission of opening financial services to everyone on the planet. We are also deeply committed to open-source contributions and fostering a vibrant community. We will continue to enhance and improve our award-winning developer-friendly API and the infrastructure behind it.



Our Team Members:

We’re a team of 150+ globally distributed members who love working from our favorite places worldwide. Our team spans the USA, Canada, Japan, Hungary, Nigeria, Brazil, the United Kingdom, and more!

We’re looking for candidates eager to join Alpaca’s growing organization, who are excited about our Mission of “Open financial services to everyone on the planet and share our Values of “Stay Curious,” “Have Empathy,” and “Be Accountable.”

 

Your Role:

The Senior Director of Custody and Settlement Services will serve as the Principal Operations Officer, overseeing the seamless execution and integrity of critical post-trade functions. This role ensures operational excellence in areas including Purchase & Sales (P&S), settlements with clearing organizations, reconciliation, possession and control, and corporate actions. The Senior Director will lead a high-performing team, maintain strong relationships with clearing organizations such as DTC, OCC, and FICC, and ensure compliance with regulatory standards.

Things you get to do:  

  • Strategic Leadership:
    • Act as the Principal Operations Officer, setting the strategic vision for custody and settlement functions while aligning them with the firm’s broader goals.
    • Drive operational efficiency, risk management, and continuous improvement across all managed functions.
  • Purchase & Sales (P&S):
    • Oversee the accurate and timely confirmation, allocation, and booking of trades.
    • Ensure robust controls to mitigate trade breaks and discrepancies.
  • Settlement Operations:
    • Manage settlements with clearing organizations, including DTC, OCC, and FICC, ensuring accuracy and timeliness.
    • Develop strategies to minimize settlement failures and maximize resource efficiency.
  • Reconciliation:
    • Ensure daily and periodic reconciliation of accounts, trades, and positions to identify and resolve discrepancies promptly.
    • Establish rigorous audit trails and reporting mechanisms for transparency.
  • Possession and Control:
    • Oversee compliance with SEC Rule 15c3-3 and other regulatory requirements regarding customer asset segregation.
    • Monitor and report on possession and control compliance metrics.
  • Corporate Actions:
    • Direct corporate action processing, including dividends, interest payments, stock splits, and mergers, ensuring accuracy and timely communication with stakeholders.
    • Implement client-centric approaches to minimize disruptions during corporate events.
  • Team Leadership and Development:
    • Lead, mentor, and develop a team of operations professionals, fostering a culture of collaboration and excellence.
    • Provide guidance on complex issues and escalate critical concerns to senior management.
  • Stakeholder Engagement:
    • Build and maintain relationships with external clearing organizations and regulatory bodies.
    • Collaborate with internal stakeholders, including compliance, risk, and technology teams, to ensure operational alignment and regulatory adherence.
  • Regulatory Compliance and Risk Management:
    • Ensure all operations comply with applicable regulatory requirements, industry best practices, and internal policies.
    • Identify and mitigate operational risks, implementing controls and contingency plans as needed.

Who You Are (Must-Haves):

  • 10+ years experience in financial services with specific expertise in Custody, Settlement and Clearing
  • A bachelor’s degree in finance, accounting, or a related field; an MBA or advanced degree is preferred.
  • 12+ years of experience in custody, settlement operations, or related fields, with at least 5 years in a senior leadership role. In-depth knowledge of clearing and settlement processes with organizations like DTC, OCC, and FICC. Strong understanding of regulatory frameworks, including SEC Rule 15c3-3 and other relevant rules.
  • Proven track record in leading large teams and managing cross-functional projects.
  • Exceptional problem-solving, communication, and stakeholder management skills. Proficiency in financial technology platforms and operational systems.
  • Series 7, 27 (7 required, 27 can be obtained in 3 months)

Key Competencies:

  • Strategic thinking and operational execution.
  • Strong leadership and team-building capabilities.
  • Analytical and decision-making acumen.
  • Exceptional communication and interpersonal skills.

How We Take Care of You:

  • Competitive Salary & Stock Options
  • Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care.  Internationally, this includes a stipend value to offset medical costs.   
  • New Hire Home-Office Setup: One-time USD $500
  • Monthly Stipend: USD $150 per month via a Brex Card
  • Work with awesome hard working people, super smart and cool clients and innovative partners from around the world

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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