Risk Associate

United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Brokerage, FintechIndustries

Requirements

The ideal candidate will possess strong analytical skills, a thorough understanding of risk management principles, and the ability to work collaboratively across departments to ensure compliance with regulatory requirements and industry best practices. Experience in a broker-dealer environment is required.

Responsibilities

The Risk Associate will conduct initial and ongoing risk assessments of partners, vendors, and third-party service providers, reviewing due diligence documentation and monitoring risk scores. They will ensure compliance with Customer Identification Program (CIP) requirements during account opening and onboarding, assist in designing KYC and customer due diligence procedures, and collaborate to resolve CIP-related escalations. The role involves acting as a first responder to incidents and escalations, supporting incident reporting and tracking, coordinating investigations, and assisting in root cause analysis and corrective actions. Additionally, the associate will support the development and maintenance of internal controls, participate in risk assessments, audits, and regulatory reviews, assist with reporting risk metrics, and conduct internal controls testing.

Skills

Risk Management

Compliance

Financial Services

Brokerage Operations

Data Analysis

Problem-Solving

Attention to Detail

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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