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 C funding round brought our total investment to over $170 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 6 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.
Our Team Members:
We're a dynamic team of 230+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.
The Securities Lending Operations Associate is responsible for the smooth operation of the securities finance desk. You'll manage the operational aspects of borrowed and lent securities, ensuring accurate and timely execution, settlement, and reconciliation of transactions. This includes collateral management, regulatory compliance, and maintaining strong relationships with internal and external partners. Your work will directly support a variety of securities lending trading activities, contributing to efficiency and risk mitigation. Furthermore, you'll identify process improvements and provide vital support to other members of the securities finance team.
Things You Get To Do:
- Execute and manage daily securities lending transactions, ensuring accurate trade capture, confirmation, and settlement within established timelines.
- Monitor and manage collateral requirements, including the allocation, movement, and reconciliation of collateral to meet counterparty obligations and mitigate credit risk.
- Perform daily and monthly reconciliations and contract comparisons of securities positions, cash, interest rate and collateral balances with counterparties, custodians, and internal systems to ensure data accuracy and resolve discrepancies.
- Ensure all securities lending activities adhere to relevant regulatory requirements and internal policies, preparing and submitting required reports to regulatory bodies.
- Identify, monitor, and mitigate operational risks associated with securities lending activities, escalating issues to senior management when necessary.
- Monitor, process and communicate recalls to the trading desk in a timely manner.
- Monitor, process and communicate borrow return and loan return functions in a time-sensitive manner.
- Perform buy-in processes pursuant to recalls and buy-in processes pursuant to SEC Rule 204 to meet regulatory requirements in a timely manner.
- Maintain effective communication and relationships with counterparties, brokers, custodians, and internal teams (trading, compliance, risk management) to facilitate smooth operations and resolve any issues.
- Continuously evaluate and enhance operational processes to improve efficiency, reduce risk, and support business growth, including automation and system upgrades.
- Analyze securities lending data to generate insights, produce regular and ad-hoc reports, and support management in decision-making processes.
- Provide ad hoc technical support to other members of the brokerage operations team.
Who You Are (Must-Haves):
- Bachelor's degree in Computer Science, Data Science, Mathematics, Finance, Economics, or a related quantitative field.
- 0-2 years of experience in middle office securities lending or operations.
- Strong analytical, quantitative, and problem-solving abilities.
- Familiarity with core financial instruments (equities, fixed income, ETFs) and general market mechanics.
- Excellent collaborative and communication skills.
- Highly motivated with a keen interest in securities lending, product development, and advanced settlement concepts.
- Proficient with Microsoft Excel and Google Workspace.
- Knowledge of DTCC and Loanet.
- 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
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
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