Brokerage Operation Associate II (New Accounts Principal)

Lake Mary, Florida, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Brokerage, FintechIndustries

Requirements

The candidate must have experience as a New Accounts Principal, demonstrating attention to detail and a proactive approach. Familiarity with brokerage operations, KYC, CIP procedures, fraud, and risk controls is essential. The role requires a subject matter expert comfortable with evolving processes and building scalable systems, with a preference for individuals who value precision and follow-through.

Responsibilities

The New Accounts Principal will oversee and improve account opening processes, review and approve new brokerage accounts, and ensure compliance with KYC and CIP procedures. Responsibilities include applying fraud and risk controls, acting as a subject matter expert for escalated issues, collaborating with internal teams and external partners, and contributing to the creation and maintenance of procedures and documentation. The role also involves identifying inefficiencies, communicating solution requirements to product or engineering teams, and executing ad hoc initiatives.

Skills

Brokerage Operations

Account Openings

Process Improvement

Customer Support

Regulatory Compliance

FINRA Rules

SEC Rules

AML Procedures

KYC Procedures

Data Analysis

Problem-Solving

Communication

Alpaca

API-first brokerage for stock trading

About Alpaca

Alpaca Securities LLC operates in the stock brokerage industry by providing an API-first brokerage service that allows other businesses to create their own trading applications. This service enables companies to integrate stock trading functionality into their platforms without the need to become brokers themselves, saving them time and resources. Alpaca's API supports seamless trading experiences for users and includes features like Local Currency Trading, which allows international investors to trade US stocks in their local currency. Additionally, Alpaca offers crypto wallets and coin pair trading, expanding the financial services available to its clients. Unlike traditional brokers, Alpaca focuses on a business-to-business model, catering primarily to other companies that want to offer trading services to their customers. The goal of Alpaca is to simplify the trading process for businesses and their users while providing a secure and efficient platform for executing trades.

San Mateo, CaliforniaHeadquarters

2015Year Founded

$84.5MTotal Funding

CONVERTIBLECompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Competitive salary & stock options

Medical, dental, & vision

Home office setup stipend

Monthly Brex Card stipend

Risks

Increased competition from fintech platforms like GUGU offering commission-free trading.

Potential regulatory challenges in international markets may complicate Alpaca's expansion.

Self-clearing transition introduces operational risks in managing settlement processes.

Differentiation

Alpaca offers API-first brokerage services, enabling businesses to build trading applications.

Alpaca supports local currency trading, simplifying US stock trading for international investors.

Alpaca provides crypto wallets and coin pair trading, expanding financial services for clients.

Upsides

Alpaca's self-clearing transition enhances asset transfers and securities lending opportunities.

Partnership with Derayah Financial accelerates Middle Eastern business expansion for Alpaca.

Alpaca's limit orders and extended hours trading for fractional shares lead retail trading.

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