Clearing Operations Associate – Corporate Actions

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Alpaca

WebsiteLinkedInAll Job Openings

201 - 500 employees

🔌 API

💳 Fintech

₿ Crypto

API • Fintech • Crypto

Alpaca is a fintech company that provides a comprehensive brokerage and trading platform through a suite of APIs. These APIs enable developers and businesses to integrate algorithmic trading, app development, and embedded investing into their services. Alpaca offers services like trading in US stocks, ETFs, and cryptocurrency with options for local currency transactions. The company is recognized for its cyber security practices and is a member of FINRA and SIPC. Alpaca is ideal for fintech startups, broker-dealers, hedge funds, and other financial services looking to build sophisticated trading applications and platforms with minimal friction through their well-documented Broker API.

📋 Description

• 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.

🎯 Requirements

• 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

🏖️ Benefits

• 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