Clearing Operations Associate - Corporate Actions - Shift 2AM - 11AM EST
Who We Are:
Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.
Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.
Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Alpaca is proudly backed by $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.
Our Team Members:
We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.
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’ll 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
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
FINRA Series 7
Experience processing CA on DTCC's portal
Experience with Slack
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.
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