Financial Operations Principal

The FinOp is a key role in the finance team at Alpaca, a Fintech startup focused on providing brokerage infrastructure for various financial instruments. Reporting directly to the CFO, this position oversees the company’s financial and operational compliance with SEC rules.

Key Roles And Responsibilities

• 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.

• 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.

• 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 financial operations reconciliations of firm and customer related bank accounts and back office ledger.

• Partner with Operations and Finance to supervise day-to-day accounting.

• Supervise and/or prepare source entries and original books and records for Broker-Dealer and ensure all periodic regulatory reporting requirements are met.

• Oversee clearing and settlement processes, especially for self-clearing or carrying firms.

• Monitor cash and securities movements to ensure compliance with custody rules.

• Supervise margin calculations and related risk exposure.

• Audits and liaisons with auditors, regulators, and clearing firms on financial and operational issues.

• Strategic and managerial input on capital adequacy, financing strategies, and the financial impact of new business initiatives.

Qualifications

• 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.

• Ability to adapt to a changing business and regulatory environment.

• Team-oriented with a desire to help and support other team members.

• Enjoy challenges and take ownership of new responsibilities.

What We Offer

• 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.