Clearing Operations Associate - Corporate Actions

Summary

Join Alpaca's clearing back office team as a Corporate Actions Associate to process and reconcile domestic and international corporate actions. You will be the primary processor for distributions, reorganizations, and redemptions for all asset types. Review and validate corporate action event details, interface with external vendors and custodians, balance and reconcile accounts, research discrepancies, and serve as a subject matter expert. You will also respond to Zendesk tickets, enhance procedures, assist with automation, and stay curious about other clearing areas. Alpaca offers competitive salary & stock options, health benefits, a new hire home-office setup, and a monthly stipend. The role requires 3+ years of corporate actions experience and specific knowledge of various systems and processes.

Requirements

• 3+ years of Corporate Actions experience
• Direct DTC Corporate Action Web experience
• Knowledge of ICE CA data, BNY processing, OCC Option CA process
• Knowledge of Brokerage Clearing operations. Possess general knowledge of U.S. securities back office operations of a clearing firm
• Knowledge of the Financial industry rules, regulations and laws
• Ability to work independently in a remote environment with attention to detail as well as collaboratively within a team environment
• Ability to work independently in a fast-paced environment with multiple priorities
• Have basic knowledge of SQL, metabase, or other database coding language
• Easily adapt between Microsoft and Google document and spreadsheet solutions
• Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry and be able to assist other functional areas when necessary
• Possess a FINRA SIE or within first 180 days of employment
• Must be able to follow company tenets of: Stay Curious Have Empathy Be Accountable

Responsibilities

• Primary owner and processor for distributions (dividends, interest, etc), reorganizations (reverse splits, mergers, etc.), and redemptions (maturities, calls, etc)
• Review and validate corporate action event details with rigorous attention to accuracy before posting to customer accounts, minimizing risk of errors and potential firm exposure
• Interface daily with external vendors and custodians (DTC, OCC, BNY, ICE) to confirm accuracy of event and allocation details
• Balance and reconcile all corporate actions booked versus the corresponding suspense and wash accounts. Ensure the corporate action house accounts are balanced daily
• Research breaks and open items to ensure they do not become aged
• Serve as the subject matter expert (SME) for corporate actions for internal departments and external partners
• Respond to corporate action related Zendesk tickets and handle voluntary corporate action requests
• Enhance and iterate on procedures to incorporate new tasks, asset classes, and other processes
• Assist on automation of daily self-clearing processes collaborating with engineering
• Stay curious! Learn other areas in the clearing space to assist in downtime

Preferred Qualifications

• Associate’s degree in a business-related field and a minimum of five (5) years of experience in the areas of Corporate Actions, cash and securities reconciliation, accounting, banking, and/or financial services industry
• Series 7
• Experience processing CA on DTCC's portal

Benefits

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card