Clearing Operations Associate, Options (OCC) - 10AM - 7PM EST

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

Candidates must have 3-5 years of hands-on experience with OCC ENCORE in a clearing capacity, demonstrating a deep understanding of the listed options clearing lifecycle, including trade capture, assignment, expiration, and reconciliation. Familiarity with OCC file types and processing cycles, strong attention to detail, and proficiency in Excel or Google Sheets are essential. Excellent communication skills, the ability to work cross-functionally under tight deadlines, and comfort in a regulated, high-volume environment are required. Candidates must also possess a FINRA SIE or obtain it within the first 180 days of employment.

Responsibilities

The Options Clearing Specialist will manage the complete post-trade lifecycle for listed options, including clearing, reconciliation, and settlement using OCC’s ENCORE platform. Responsibilities include processing daily OCC activity such as trades, exercises/assignments, expiration events, and position reconciliations. The role involves monitoring real-time position reconciliation, resolving trade breaks and discrepancies, reconciling firm and customer option positions against OCC records, and ensuring timely processing of corporate actions. Additionally, the specialist will collaborate across departments for margin requirement funding, help automate ACATS, CMTAs, Spread file delivery, and LOPR reporting, and work with teams to maintain and improve straight-through processing and exception handling. Staying updated on OCC notices, market events, and rule changes to assess and address operational impacts is also a key responsibility.

Skills

Options Clearing

Post-trade lifecycle management

P&S processing

ACATS processing

OCC position reconciliation

Assignment and exercise processing

Corporate actions processing

Regulatory reporting

Firm reporting

Self-clearing platform

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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