Your Role:

This is an opportunity to join a Fintech firm specializing in many facets of the broker-dealer space. You will help our team by focusing on money movements and ACAT transfers. The team is 100% distributed and remote. The role will be reporting directly to one of the Firm’s Director of Operations.

Things You Get To Do:

• Ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
• Investigation and resolution of failing transactions
• Processing of all eligible securities through the DTCC processing system. Candidate must have a thorough knowledge of the PTS (participant terminal service) system and all related functionality. This includes the following:

- Settle securities transactions by processing deliver orders (DOs) on DTCC RAD - Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs) - Pledge securities to pledgees for collateral through the collateral loan system - Protect customer fully-paid-for positions and manage firm positions through the use of segregation and memo segregation procedures - Process ACAT free deliveries and fail reversals (FRVs) - Investigate & resolve cash and stock reconciliation issues - Address settlement discrepancies and engage the Director of Brokerage Operations for prompt resolution - Adhere to all rules, regulations, and procedures that govern this role and organization - Be aware of Operational Risk and escalate the Director of Operations - Review Buy-ins and Knowledge of REG SHO/15c3 - Produce timely, quality, and relevant reporting. Regularly communicate amendments to policies and procedures - Verify and reconcile securities held at various depositories and transfer agents - Process and confirm fails within Obligation Warehouse (OW) for settlements reconciliation with brokers - Create reports on money discrepancies between our internal ledger and external platforms - Ensures reconciliations are accurate and complete and that discrepancies have been resolved in a timely manner - Works with other internal teams, fostering an environment that encourages participation, teamwork and communications. - Ensures industry rules, regulations and securities laws are adhered to for 15c3-3 and proper action is taken to ensure proper possession and control of customer securities - Maintains orderly and readily obtainable records for research and examination purposes - Prepares summary documentation/work papers for special projects/observations, submitting to management for review - Performs data collection and analysis to ensure the firm is in compliance with regulatory requirements - Tests controls and measures to identify excessive operational risk and/or control problems at an early stage and works with staff to maintain quality and efficiency standards - Works cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses. - Escalates observations/issues to Management that require attention in order to mitigate risk - Assists the Director in completing all Internal Audit and Regulatory reviews for the operating group and to ensure that review findings are effectively resolved. - Driving continuous operational improvement, updating of the control framework and undertaking root cause analysis and trend analysis of operational issues - Support the business unit management with the application of policy frameworks and become established as a referral point for policy related queries. - Assist on automation of daily self-clearing processes collaborating with engineering - Participates on projects as needed - Performs other duties and responsibilities as assigned - Core hours are 9am - 4pm Eastern Time, to follow market hours.

Who You Are (Must-Haves):

• 2+ years of Operations and DTCC Settlement experience
• Knowledge of Brokerage Clearing operations
• Knowledge of Financial industry rules, regulations and laws
• Possess general knowledge of U.S. securities back office operations of a broker-dealer and/or carrying firm
• Ability to Identify relationships, draw logical conclusions and interpret results for use in decision making
• Excellent written and verbal communication skills
• Ability to work independently with attention to detail as well as collaboratively within a team environment
• Providing insights for continuously improving our client experience and providing efficiency
• Ability to work independently in a fast-paced environment with multiple priorities
• Must be able to follow company tenets of:

- Stay Curious - Have Empathy - Be Accountable

• Be able to work in a remote environment
• Have basic knowledge of SQL, metabase, or other database coding language
• Easily adapt between Microsoft and Google document and spreadsheet solutions
• Be flexible to assist other functional areas when necessary
• Support department initiatives and company vision
• Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry
• Possess a Series SIE and 99 or higher securities license or achieve a passing result on the 99 within the first 180 days of employment.

How We Take Care of You:

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card

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