Clearing Operations Associate - Corporate Actions - Overnight 2AM - 11AM EST

Who We Are: Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision. 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 9 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 top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.

About the role

• 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.

Responsibilities

• 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.
• Avoid missing deadlines and maintain high-quality standards.

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
• 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
• Possess a strong understanding of the financial industry and its regulations

Qualifications

• 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
• Experience with Slack

Skills

• Strong organizational and time management skills
• Attention to detail
• Ability to work independently and collaboratively
• Strong communication and problem-solving skills
• Ability to learn quickly and adapt to new processes

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

Pay

Competitive salary and stock options.

Schedule

Full-time position.