Clearing Operations Associate - Corporate Actions - Overnight 2AM - 11AM EST

India

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BiotechnologyIndustries

Requirements

Candidates must have at least 3 years of Corporate Actions experience, including direct DTC Corporate Action Web experience. A strong understanding of ICE CA data, BNY processing, OCC Option CA processes, and Brokerage Clearing operations is required. General knowledge of U.S. securities back office operations of a clearing firm, financial industry rules, regulations, and laws is necessary. Basic knowledge of SQL, metabase, or other database coding languages is needed, along with proficiency in both Microsoft and Google document and spreadsheet solutions. The ability to work independently and collaboratively in a fast-paced, remote environment with multiple priorities is essential. Candidates must be able to adapt to regulatory changes and possess or obtain a FINRA SIE within 180 days of employment.

Responsibilities

The Corporate Actions Associate will be the primary processor for distributions, reorganizations, and redemptions for all supported asset types, including equities, fixed income, and options. This role involves reviewing and validating corporate action event details for accuracy before posting them to customer accounts. Responsibilities include interfacing daily with external vendors and custodians to confirm event and allocation details, balancing and reconciling corporate actions booked against suspense and wash accounts, and researching breaks to prevent aging. The associate will serve as a subject matter expert for corporate actions, respond to related tickets, handle voluntary corporate action requests, and enhance procedures for new tasks and asset classes. Collaboration with engineering on the automation of daily self-clearing processes and learning other areas in the clearing space to assist during downtime are also key responsibilities.

Skills

Corporate Actions Processing

Reconciliation

Distributions

Reorganizations

Redemptions

Equities

Fixed Income

Options

Broker-Dealer Operations

Financial Services

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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