Brokerage Operations Associate , ACATS

United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Broker-dealer, FintechIndustries

Requirements

Candidates must have at least 2 years of ACATS experience and possess knowledge of Brokerage Clearing operations and financial industry regulations. Familiarity with ACAT systems (NSCC), regulations, and industry practices governing both ACAT and non-ACAT transfers is essential. The ability to identify documentation/processing irregularities and outline corrective measures is also required.

Responsibilities

The Brokerage Operations Associate will assist internal and external customers with daily account transfer requests, process ACAT transfers in/out activity, and prepare for the transition to self-clearing in DTCC. Responsibilities include handling communications with contra firms and transfer agents, processing mass account transfers/conversions, serving as the Subject Matter Expert on transfers, and researching/responding to inquiry tickets. The role involves ensuring ACAT requests are processed within firm timelines and industry guidelines, processing ACAT free deliveries and fail reversals, and working cross-functionally to create efficient operational processes. Additionally, the associate will drive continuous operational improvement, support business unit management with policy applications, assist on automation of daily self-clearing processes, and prepare summary documentation for special projects.

Skills

ACATS transfers

Brokerage operations

Fintech

Operations

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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