Global Settlements Associate 1
Alpaca is a brokerage infrastructure company providing developer APIs for stocks, options, fixed income, and crypto trading, plus tokenization infrastructure for TradFi–DeFi markets.
Funding history
Investors
About Alpaca
Alpaca provides API-first brokerage infrastructure for fintechs, institutions, algorithmic traders, and developers. Its offerings include Broker API, Trading API, market data, self-clearing brokerage services, crypto services, and the Instant Tokenization Network for in-kind minting and redemption of tokenized assets.
Skills
About the Role
You will manage end-to-end global equity settlement, investigate exceptions and reconciliation breaks, maintain regulatory controls and records, produce operational reporting, and improve workflows with cross-functional partners.
Requirements
- 2+ years of brokerage operations experience focused on global equity settlements
- Understanding of securities settlement lifecycles
- Experience with third-party clearing firms and global custodians
- Knowledge of U.S. broker-dealer operations and financial industry regulations
- Familiarity with global custody settlement platforms
- Knowledge of SWIFT MT54x messaging, Euroclear, DTCC, and international settlement practices
- Experience settling securities across global markets
- Expertise in cash and position reconciliations across currencies and markets
- Experience investigating trade mismatches
- Working knowledge of SQL, Metabase, or similar reporting tools
- Proficiency with Microsoft Office and Google Workspace
- Securities Industry Essentials Exam and Series 99 license or ability to obtain Series 99 within 180 days
Responsibilities
- Own end-to-end global equity settlement processes
- Record transactions accurately across internal and external systems
- Monitor settlement activity and identify transactions at risk of failing
- Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions
- Review buy-ins, settlement penalties, and aged fails
- Monitor trade matching through SWIFT and settlement platforms
- Perform daily securities-position and cash-balance reconciliations
- Ensure compliance with applicable regulatory requirements
- Produce operational reporting and root-cause analyses
- Improve operational processes and documentation
- Partner with Engineering and Product to automate workflows
- Support cross-functional post-trade processing
Benefits
- Stock options
- Health benefits
- One-time USD 500 home-office setup
- USD 150 monthly stipend via a Brex Card
