Brokerage Operations Associate I - Clearing & Settlement

58 minutes ago
Remote
Full-time
Junior
Operations
Alpaca

Alpaca

Alpaca is a developer-first API for stock and crypto trading, offering easy-to-use APIs for building apps and trading algorithms.

Capital Markets
51-250
Founded 2015
$87M raised

Description

  • Ensure transactions are accurately recorded in the correct systems to support successful settlement.
  • Investigate and resolve failing transactions, settlement discrepancies, cash breaks, and stock reconciliation issues.
  • Process eligible securities through DTCC systems, including deliver orders, securities payment orders, collateral pledges, and ACAT free deliveries.
  • Protect customer fully-paid positions and manage firm positions using segregation and memo segregation procedures.
  • Verify and reconcile securities held at depositories and transfer agents, and process fails within Obligation Warehouse.
  • Produce timely reporting, maintain records, and prepare summary documentation for management review.
  • Perform data collection, analysis, control testing, and root cause analysis to support regulatory compliance and risk mitigation.
  • Work cross-functionally with internal teams and assist with automation of daily self-clearing processes.
  • Support internal audit and regulatory reviews, and help resolve review findings.
  • Escalate operational risks, issues, and policy questions to management and leadership as needed.

Requirements

  • 2+ years of operations and DTCC settlement experience.
  • Knowledge of brokerage clearing operations.
  • Knowledge of financial industry rules, regulations, and laws.
  • General knowledge of U.S. securities back-office operations for a broker-dealer and/or carrying firm.
  • Ability to identify relationships, draw logical conclusions, and interpret results for decision-making.
  • Excellent written and verbal communication skills.
  • Ability to work independently, collaboratively, and in a fast-paced environment with multiple priorities.
  • Ability to work remotely and adapt to an evolving regulatory landscape.
  • Basic knowledge of SQL, Metabase, or another database coding language.
  • Must hold a Series SIE and Series 99 or achieve a passing result on the Series 99 within the first 180 days of employment.
  • Preferred: associate’s degree in a business-related field and 5+ years of experience in cash and securities reconciliation, accounting, banking, or financial services.
  • Preferred: Series 7 license.

Benefits

  • Competitive salary with stock options.
  • Health benefits.
  • One-time $500 new hire home-office setup stipend.
  • $150 monthly stipend via Brex card.
  • 100% remote work with distributed team coverage.
  • Core hours aligned to market hours, 9am–4pm Eastern Time.

Interested in this position?

Apply directly on the company website

Apply Now

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