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Financial Operations Principal

Alpaca · New York, NY · Yesterday
RemoteRemoteAnalyst$320/hrFull-time

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

  • Become one of the CORE influencers in the company.
  • The FinOp is a key role in the finance team and responsible for overseeing the company’s financial and operational compliance to the SEC’s Net Capital Rule (Rule 15c3-1) and Customer Protection Rule (Rule 15c3-3).
  • The Accounting & Finance team is 100% distributed and remote. This role will be reporting directly to the CFO.

Key Roles and Responsibilities

  • Financial Oversight and Reporting:
    • Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly.
    • Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times.
    • Ensure timely filing of financial statements and supplemental reports, including annual audited financials.
    • Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers.
  • Regulatory Compliance:
    • Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection).
    • Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements).
    • Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies.
  • Internal Controls and Risk Management:
    • Design and maintain adequate internal controls to safeguard customer and firm assets.
    • Supervise systems to prevent and detect errors or fraud in financial reporting.
    • Supervise systems to prevent and detect errors or fraud in financial reporting.
    • Supervise margin calculations and related risk exposure.
  • Audits and Liaison Work:
    • Coordinate the annual independent audit of the firm’s financials.
    • Act as liaison to auditors, regulators, and clearing firms on financial and operational issues.
  • Strategic and Managerial Input:
    • Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.

What You Bring

  • Bachelor’s degree in Accounting or Finance, CPA preferred.
  • Must have active FINRA Series 27 license 7+ years relevant experience, in self-clearing financial services preferred.
  • Excellent data analysis and reporting skills.
  • Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction.
  • Must possess the ability to adapt to a changing business and regulatory environment.
  • Team orientated with desire to help and support other team members.
  • Enjoys challenges and taking ownership of new responsibilities.

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.

Equal Opportunity Employer

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce. Recruitment Privacy Policy

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