Securities Lending Operations Associate

Who We Are:

Alpaca is a fast-growing series B fintech company that’s raised over $120 million in funding.
Alpaca is an API-first stock and crypto platform that enables developers and businesses across the world to build trading algorithms, applications, and brokerage services.
Our globally distributed team consists of developers, traders, and brokerage specialists, and is backed by a group of prominent investors and highly experienced industry angel investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Eldridge, Positive Sum, Elefund, and Y Combinator.

And, of course, we are very enthusiastic about open source contributions as well as community building.

The Alpaca Team:

We have 150+ globally distributed (remote) team members who love to work from their favorite places in the world. We have team members based in the USA, Canada, Hungary, Japan, Brazil, Spain, Philippines, Nigeria, UK, and more! We love candidates who have a passion for making a global difference in financial services and technology, by impacting local communities and becoming a part of our hyper-growth company.

Your Role:

Alpaca is seeking a detail-oriented and proactive Securities Lending Operations Associate to join our dynamic team. In this role, you will be responsible for supporting the daily operations of the securities lending business, including trade processing, settlement, collateral management, and regulatory reporting. You will play a key role in ensuring the smooth execution of lending transactions, managing operational risk, and maintaining relationships with counterparties, custodians, and internal stakeholders.

Key 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.

Qualifications:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
• 2-4 years of experience in securities lending, trading operations, or a related field within financial services.
• Strong understanding of securities lending mechanics, trade lifecycle, and collateral management.
• Proficiency with Loanet, DTCC required, and strong experience with reconciliation tools.
• Excellent analytical skills and attention to detail, with the ability to identify and resolve issues promptly.
• Strong communication and interpersonal skills, capable of building relationships with both internal and external stakeholders.
• Ability to work under pressure in a fast-paced environment and manage multiple priorities effectively.
• Familiarity with regulatory requirements related to securities lending, such as SFTR, Rule 204 and Rule 15c3-3 is a plus.

Why Join Us:

At Alpaca, we offer a collaborative and supportive work environment where you can contribute to shaping our securities lending operations and driving our growth in the global markets. You will have the opportunity to work closely with experienced professionals in the financial industry and grow your skills in a challenging yet rewarding role. If you are passionate about financial technology and eager to make an impact, we encourage you to apply and become part of our team.

How We Take Care of You:

• Competitive Salary & Stock Options
• Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care. Internationally, this includes a stipend value to offset medical costs.
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card
• Work with awesome hard working people, super smart and cool clients and innovative partners from around the world

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

Recruitment Privacy Policy