Financial Operations Principal

United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, BrokerageIndustries

Requirements

Candidates must have a Series 27 license and experience overseeing financial and operational compliance with SEC Net Capital Rule (15c3-1) and Customer Protection Rule (15c3-3). Experience with Rules 17a-3 and 17a-4, regulatory inquiries, and independent audits is required. Experience in a Fintech startup environment is preferred.

Responsibilities

The Financial Operations Principal will supervise, review, and file FOCUS reports, monitor net capital levels, and ensure timely filing of financial statements. They will interpret and apply SEC and FINRA rules, respond to regulatory inquiries, and design internal controls for asset safeguarding. Responsibilities also include supervising financial operations, reconciliations, clearing and settlement processes, margin calculations, and coordinating annual independent audits.

Skills

Financial Operations

SEC Net Capital Rule

Broker-dealer compliance

Fintech

Compliance

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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