Product Manager Clearing Systems
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
Own the design and buildout of core clearing infrastructure across brokerage, custody, ledgers, asset movement, and global market expansion. Define architecture for accounts, positions, balances, journals, settlements, stock records, and regulatory books and records. Design multi-currency systems across multiple asset classes and translate clearing, custody, and regulatory requirements into product and engineering requirements.
Requirements
- 5+ years in product management, technical program management, or engineering on brokerage, clearing, or post-trade infrastructure
- 10+ years of experience in brokerage, clearing, custody, prime brokerage, trading infrastructure, financial market infrastructure, or capital markets technology
- Depth in settlement and stock record, books and records, corporate actions, margin, ACATS, or DTCC processing
- Ability to work directly with engineers and product teams to design scalable systems
- Experience working with compliance, legal, and operations in a regulated broker-dealer environment
- Strong operating judgment across risk, efficiency, capital allocation, feasibility, time, and budget
- Experience leading senior teams and influencing across functions
- Experience building or modernizing corporate-action processing, a security master, or a self-clearing back office
- Experience with global brokerage expansion, international equities, FX, local market custody, omnibus models, sub-ledgers, and currency controls
- Familiarity with the B2B2C correspondent or broker-as-a-service model
- Experience using AI-native product management tools
Responsibilities
- Define the long-term clearing platform architecture
- Design multi-currency cash and position systems
- Prototype and build clearing services with engineering
- Coordinate with operations, finance, treasury, compliance, legal, risk, and product
- Translate clearing, custody, and regulatory requirements into product requirements
- Scale clearing infrastructure across asset classes, account types, trading hours, and partner institutions
- Design systems for accounts, positions, balances, ledgers, journals, settlements, and stock records
- Embed reconciliation, segregation, margin, and reserve controls into the platform
Benefits
- Health benefits
- Stock options
- One-time USD $500 home-office setup
- USD $150 monthly stipend via a Brex Card