Clearing Operations Associate Corporate Actions Overnight 2AM 11AM EST

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 200+ 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: Our clearing back office team at Alpaca is looking for a Corporate Actions Associate to process and reconcile domestic and international corporate actions. In this role you will be the primary processor for distributions, reorganizations, and redemptions for all asset types supported by the broker dealer including equities, fixed income, and options. Things You Get To Do:

Primary owner and processor for distributions (dividends, interest, etc), reorganizations (reverse splits, mergers, etc.), and redemptions (maturities, calls, etc). Review and validate corporate action event details with rigorous attention to accuracy before posting to customer accounts, minimizing risk of errors and potential firm exposure. Interface daily with external vendors and custodians (DTC, OCC, BNY, ICE) to confirm accuracy of event and allocation details. Balance and reconcile all corporate actions booked versus the corresponding suspense and wash accounts. Ensure the corporate action house accounts are balanced daily. Research breaks and open items to ensure they do not become aged. Serve as the subject matter expert (SME) for corporate actions for internal departments and external partners. Respond to corporate action related Zendesk tickets and handle voluntary corporate action requests. Enhance and iterate on procedures to incorporate new tasks, asset classes, and other processes. Assist on automation of daily self-clearing processes collaborating with engineering Stay curious! Learn other areas in the clearing space to assist in downtime.

Who You Are (Must-Haves):

3+ years of Corporate Actions experience Direct DTC Corporate Action Web experience Knowledge of ICE CA data, BNY processing, OCC Option CA process Knowledge of Brokerage Clearing operations. Possess general knowledge of U.S. securities back office operations of a clearing firm  Knowledge of the Financial industry rules, regulations and laws  Ability to work independently in a remote environment with attention to detail as well as collaboratively within a team environment Ability to work independently in a fast-paced environment with multiple priorities Have basic knowledge of SQL, metabase, or other database coding language  Easily adapt between Microsoft and Google document and spreadsheet solutions Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry and be able to assist other functional areas when necessary Possess a FINRA SIE or within first 180 days of employment Must be able to follow company tenets of:

Stay Curious Have Empathy Be Accountable

Who You Might Be (Nice-to-Haves):

Associate’s degree in a business-related field and a minimum of five (5) years of experience in the areas of Corporate Actions, cash and securities reconciliation, accounting, banking, and/or financial services industry. Series 7 Experience processing CA on DTCC's portal 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. Recruitment Privacy Policy

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