Corporate Actions Associate

Position Overview

Alpaca is seeking a meticulous and experienced Corporate Actions Associate to join our clearing back office team. This role is crucial for processing and reconciling domestic and international corporate actions, ensuring accuracy and minimizing risk for all asset types supported by the broker-dealer, including equities, fixed income, and options.

Responsibilities

• Primary Processor: Manage distributions (dividends, interest), reorganizations (reverse splits, mergers), and redemptions (maturities, calls).
• Accuracy Validation: Review and validate corporate action event details with rigorous attention to accuracy before posting to customer accounts.
• Vendor Interface: Daily interaction with external vendors and custodians (DTC, OCC, BNY, ICE) to confirm event and allocation details.
• Reconciliation: Balance and reconcile all corporate actions booked against corresponding suspense and wash accounts, ensuring daily balancing of corporate action house accounts.
• Break Resolution: Research and resolve breaks and open items promptly to prevent aging.
• Subject Matter Expertise: Act as the subject matter expert (SME) for corporate actions for internal departments and external partners.
• Support: Respond to corporate action-related Zendesk tickets and manage voluntary corporate action requests.
• Process Improvement: Enhance and iterate on procedures to incorporate new tasks, asset classes, and processes.
• Automation Collaboration: Assist in the automation of daily self-clearing processes by collaborating with the engineering team.
• Continuous Learning: Stay curious and learn other areas within the clearing space to provide assistance during downtime.

Requirements (Must-Haves)

• Experience: 3+ years of Corporate Actions experience.
• Technical Skills:
  • Direct DTC Corporate Action Web experience.
  • Knowledge of ICE CA data, BNY processing, and OCC Option CA processes.
  • Basic knowledge of SQL, Metabase, or other database coding languages.
  • Proficiency in adapting between Microsoft and Google document and spreadsheet solutions.
• Industry Knowledge:
  • Knowledge of Brokerage Clearing operations and general knowledge of U.S. securities back office operations of a clearing firm.
  • Understanding of Financial industry rules, regulations, and laws.
• Work Ethic:
  • Ability to work independently in a remote environment with strong attention to detail.
  • Ability to work collaboratively within a team environment.
  • Ability to work independently in a fast-paced environment with multiple priorities.
  • Adaptability to the ever-changing regulatory landscape of the financial industry.
  • Willingness to assist other functional areas when necessary.
• Licensing: Possess a FINRA SIE or obtain it within the first 180 days of employment.

About Alpaca

Alpaca is a US California-headquartered brokerage infrastructure technology company and self-clearing broker-dealer. We provide execution and custody solutions for Stocks, ETFs, Options, Cryptocurrencies, and more, having raised over $170 million in funding. As a licensed financial services company in multiple countries, Alpaca serves hundreds of financial institutions globally, including broker-dealers, investment advisors, hedge funds, and crypto exchanges.

Our globally distributed team comprises engineers, traders, and brokerage professionals dedicated to our Mission: "Open financial services to everyone on the planet." We are committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning developer-friendly API and its underlying infrastructure.

Our team consists of over 200 globally distributed members working from various locations worldwide, including the USA, Canada, Japan, Hungary, Nigeria, Brazil, and the United Kingdom. We are seeking candidates who are enthusiastic about joining our growing organization and are excited by our Mission and core Values: "Stay Curious," "Have Empathy," and "Be Accountable."

Application Instructions

Please follow the provided instructions to apply.