Alpaca

Brokerage Operation Associate II (New Accounts Principal)

Lake Mary, Florida, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Brokerage, FintechIndustries

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, totaling 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.

Your Role

We’re looking for a detail-oriented, proactive New Accounts Principal to join our fast-growing team. This role sits at the heart of our brokerage operations accounts department, not just overseeing account openings, but actively shaping how we scale, improve, and support them.

As the New Accounts Principal, you’ll play a key role in our onboarding production and processes, serving in a hands-on, supervisory, and service capacity. You’ll review and approve new brokerage accounts in line with Alpaca’s KYC and CIP procedures, apply fraud and risk controls, and help ensure that every account opened meets our compliance standards.

You’ll also act as a subject matter expert for escalated issues, partnering closely with analysts, internal product and engineering teams, and external partners. This is a great opportunity for someone who’s comfortable navigating evolving processes, can spot gaps before they become problems, and is eager to contribute to building thoughtful, scalable systems, while some of those systems are still taking shape.

If you're someone who values precision, takes follow-up and follow-through seriously, and thrives in a space where structure is still being built, we’d love to talk.

The Operations Accounts Team is 100% distributed and remote. This role will be reporting directly to the Director of Operations.

Things You Get To Do

  • Ensure compliance with the Firm’s KYC and CIP requirements for U.S. and international customers
  • Review, process, and approve new accounts, account updates, options applications, and escalated KYC/CIP issues
  • Verify customer identification documentation in accordance with internal policy and regulatory standards
  • Perform supervisory principal reviews for new account approvals
  • Collaborate cross-functionally with support, product, engineering, risk and compliance, customer success, and partners
  • Contribute to the creation and maintenance of procedures, playbooks, FAQs, and data-driven documentation
  • Identify inefficiencies and manual workflows, clearly communicate solution requirements to product or engineering, and drive resolution through implementation and follow-up
  • Bring metrics and insight to process effectiveness and bottlenecks
  • Execute on ad hoc initiatives, projects, and remediations
  • Act as a subject matter expert for escalated issues

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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