[Remote] Financial Operations Principal at Alpaca

United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, BrokerageIndustries

Skills

Key technologies and capabilities for this role

Financial OperationsSEC Net Capital RuleBroker-dealer complianceFintechCompliance

Questions & Answers

Common questions about this position

Is this role remote or does it require office work?

The Accounting & Finance team, including this role, is 100% distributed and remote. The company has a global team of 230+ members working from locations around the world.

What are the core values at Alpaca?

Alpaca's core values are Stay Curious, Have Empathy, and Be Accountable.

What key responsibilities does the Financial Operations Principal handle?

The role involves supervising and filing FOCUS reports, monitoring net capital levels, ensuring compliance with SEC Rules 15c3-1 and 15c3-3, and overseeing financial books and records.

What is the reporting structure for this position?

This role reports directly to the CFO.

What makes a strong candidate for this FinOp role?

Candidates should align with Alpaca's core values of Stay Curious, Have Empathy, and Be Accountable, and have expertise in SEC and FINRA rules like Rule 15c3-1, 15c3-3, and Series 27 responsibilities to make a significant impact.

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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