Product Manager – Clearing Systems

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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

• Lead the design and buildout of Alpaca’s core clearing infrastructure across brokerage, custody, ledger, asset movement, and global market expansion • Define the long-term architecture for accounts, positions, balances, ledgers, journals, settlements, stock record, and regulatory books and records • Design multi-currency cash and position systems for global equities, FX, fractional trading, options, bonds, Treasuries, fixed income, mutual funds, and other asset classes • Partner with engineering to prototype and build new clearing services • Work cross-functionally with operations, finance, treasury, compliance, legal, risk, and product • Translate complex clearing, custody, and regulatory requirements into product and engineering requirements • Help expand U.S.-centric brokerage infrastructure into a global, multi-asset, multi-currency clearing platform

🎯 Requirements

• 5+ years in Product Management, technical program management, or engineering on brokerage, clearing, or post-trade infrastructure • 10+ years of experience in brokerage, clearing, custody, prime brokerage, trading infrastructure, financial market infrastructure, or capital markets technology • Demonstrated depth in at least one clearing area: settlement and stock record, books and records, corporate actions, margin, ACATS, or DTCC processing • Highly technical, with ability to work directly with engineers and product teams to turn complex domain requirements into scalable system designs • Comfort shipping in parallel with Compliance, Legal, and Operations in a regulated broker-dealer environment • Strong operating judgment weighing risk, operational efficiency, capital allocation, technical feasibility, time, and budget • Experience leading senior teams and influencing across functions in a high-growth environment • Nice-to-have: experience building, converting, or modernizing corporate-action processing, a security master, or a self-clearing back office • Nice-to-have: experience with global brokerage expansion, international equities, FX, local market custody, omnibus models, sub-ledgers, and currency controls • Nice-to-have: familiarity with the B2B2C correspondent / broker-as-a-service model • Nice-to-have: AI-native PM workflow using tools such as Cursor, Claude, ChatGPT, or custom agents

🏖️ 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