Securities Lending Operations Associate

Position Overview

The Securities Lending Operations Associate is responsible for the smooth operation of the securities finance desk. You'll manage the operational aspects of borrowed and lent securities, ensuring accurate and timely execution, settlement, and reconciliation of transactions. This includes collateral management, regulatory compliance, and maintaining strong relationships with internal and external partners. Your work will directly support a variety of securities lending trading activities, contributing to efficiency and risk mitigation. Furthermore, you'll identify process improvements and provide vital support to other members of the securities finance team.

Responsibilities

• Execute and manage daily securities lending transactions, ensuring accurate trade capture, confirmation, and settlement within established timelines.
• Monitor and manage collateral requirements, including the allocation, movement, and reconciliation of collateral to meet counterparty obligations and mitigate credit risk.
• Perform daily and monthly reconciliations and contract comparisons of securities positions, cash, interest rate and collateral balances with counterparties, custodians, and internal systems to ensure data accuracy and resolve discrepancies.
• Ensure all securities lending activities adhere to relevant regulatory requirements and internal policies, preparing and submitting required reports to regulatory bodies.
• Identify, monitor, and mitigate operational risks associated with securities lending activities, escalating issues to senior management when necessary.
• Monitor, process and communicate recalls to the trading desk in a timely manner.
• Monitor, process and communicate borrow return and loan return functions in a time-sensitive manner.
• Perform buy-in processes pursuant to recalls and buy-in processes pursuant to SEC Rule 204 to meet regulatory requirements in a timely manner.
• Maintain effective communication and relationships with counterparties, brokers, custodians, and internal teams (trading, compliance, risk management) to facilitate smooth operations and resolve any issues.
• Continuously evaluate and enhance operational processes to improve efficiency, reduce risk, and support business growth, including automation and system upgrades.
• Analyze securities lending data to generate insights, produce regular and ad-hoc reports, and support management in decision-making processes.
• Provide ad hoc technical support to other members of the brokerage operations team.

Requirements

• Bachelor's degree in Com

Who We Are

Alpaca is a US California headquartered brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, Options, Cryptocurrencies, and more, and has raised over $170 million in funding. Amongst our subsidiaries, Alpaca is a licensed financial services company in multiple countries, and we serve hundreds of financial institutions globally such as broker-dealers, investment advisors, hedge funds, and crypto exchanges.

Alpaca’s globally distributed team members bring in diverse experiences such as engineers, traders, and brokerage professionals to achieve our Mission of opening financial services to everyone on the planet. We are also deeply committed to open-source contributions and fostering a vibrant community. We will continue to enhance and improve our award-winning developer-friendly API and the infrastructure behind it.

Our Team Members

We’re a team of 200+ globally distributed members who love working from our favorite places worldwide. Our team spans the USA, Canada, Japan, Hungary, Nigeria, Brazil, the United Kingdom, and more!

We’re looking for candidates eager to join Alpaca’s growing organization, who are excited about our Mission of “Open financial services to everyone on the planet and share our Values of “Stay Curious,” “Have Empathy,” and “Be Accountable.”

Company Information

• Headquarters: US California
• Industry: Brokerage Infrastructure Technology
• Services: Execution and custody solutions for Stocks, ETFs, Options, Cryptocurrencies, and more.
• Funding: Over $170 million raised.
• Global Presence: Licensed financial services company in multiple countries, serving hundreds of financial institutions globally.
• Mission: Open financial services to everyone on the planet.
• Values: Stay Curious, Have Empathy, Be Accountable.
• Team Size: 200+ globally distributed members.

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