Global Settlements Associate

🔥 13 hours ago

⛩ Asia – Remote

⏰ Full Time

🟢 Junior

🟡 Mid-level

✨ Associate

🚫👨‍🎓 No degree required

👻 Ghost score 24%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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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

• Own the end-to-end global equity settlement process across multiple international markets • Ensure transactions are accurately recorded across internal and external systems • Monitor daily settlement activity and identify transactions at risk of failing • Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions • Review buy-ins, settlement penalties, and aged fails, coordinating remediation with counterparties and custodians • Monitor trade matching through SWIFT and settlement platforms • Investigate and resolve settlement instruction, quantity, price, allocation, booking, FX, and market-specific discrepancies • Partner with trading, finance, compliance, counterparties, and custodians to resolve settlement issues • Perform daily cash and securities position reconciliations across global markets and currencies • Produce reconciliation reports and resolve breaks within established service levels • Ensure compliance with SEC, FINRA, and global market regulations, including SEC Rule 15c3-3 • Maintain operational records supporting audits, examinations, and regulatory reviews • Assist the Director of Brokerage Operations with audit, examination, and remediation efforts • Produce reporting on settlement activity, aged fails, reconciliation breaks, and operational metrics • Prepare work papers, operational summaries, root cause analyses, and management reporting • Identify recurring issues and recommend process improvements • Update operational procedures, controls, and documentation • Partner with Engineering and Product teams to automate workflows and improve settlement processes • Use SQL, Metabase, AI tools, and reporting platforms to enhance efficiency and analytics • Participate in projects supporting new products, international market expansion, and operational scalability • Collaborate cross-functionally with Brokerage Operations, Trading, Finance, Compliance, Engineering, and Customer Operations • Support department initiatives and perform additional responsibilities as business needs evolve

🎯 Requirements

• 2+ years of experience supporting brokerage operations with a focus on global equity settlements • Strong understanding of securities settlement lifecycles within a broker-dealer or carrying firm • Experience working with third-party clearing firms and global custodians • Knowledge of U.S. broker-dealer operations and financial industry regulations • Familiarity with BNY Nexen or similar global custody settlement platforms • Working knowledge of SWIFT settlement messaging (MT54x series), Euroclear, DTCC, and international settlement practices • Experience settling securities across global markets, including Europe and Asia (Hong Kong, South Korea, and other international markets) • Strong expertise performing cash and position reconciliations across multiple currencies and markets • Experience investigating trade mismatches and collaborating directly with counterparties to resolve settlement issues • Ability to analyze operational data, identify trends, and make sound decisions based on available information • Excellent written, verbal, and interpersonal communication skills • Strong organizational skills with exceptional attention to detail • Ability to manage multiple priorities while working independently in a fast-paced environment • Comfortable working remotely while collaborating across distributed teams • Working knowledge of SQL, Metabase, or similar reporting and data analysis tools • Proficiency with Microsoft Office and Google Workspace • Adaptability to evolving regulatory requirements and business priorities • Possess the Securities Industry Essentials (SIE) Exam and Series 99 license (or higher), or obtain the Series 99 within 180 days of hire • Associate's or Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline (nice-to-have) • Five or more years of experience in brokerage operations, reconciliation, settlements, accounting, banking, or financial services (nice-to-have) • Experience with DTCC U.S. equity settlement processing (nice-to-have) • Knowledge of tokenized securities or digital asset settlement (nice-to-have) • Experience using AI-powered productivity tools (Cursor, ChatGPT, GitHub Copilot) (nice-to-have) • Experience supporting automation initiatives in partnership with Engineering teams (nice-to-have) • Series 7 or additional FINRA licenses (nice-to-have) • Experience working within a high-growth fintech or electronic brokerage environment (nice-to-have)

🏖️ 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