Alpaca is hiring a
Securities Lending Operations Associate

Summary

Alpaca is seeking a Securities Lending Operations Associate to support the daily operations of their securities lending business. The role involves executing and managing daily transactions, monitoring collateral requirements, performing reconciliations, ensuring regulatory compliance, identifying and mitigating operational risks, maintaining relationships with counterparties, and continuously evaluating and enhancing operational processes.

Requirements

• 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
• Strong communication and interpersonal skills
• Ability to work under pressure in a fast-paced environment and manage multiple priorities effectively

Responsibilities

• Execute and manage daily securities lending transactions
• Monitor and manage collateral requirements
• Perform daily and monthly reconciliations
• Ensure all securities lending activities adhere to relevant regulatory requirements
• Identify, monitor, and mitigate operational risks associated with securities lending activities
• 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
• Maintain effective communication and relationships with counterparties, brokers, custodians, and internal teams
• Continuously evaluate and enhance operational processes to improve efficiency, reduce risk, and support business growth
• 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

Preferred Qualifications

Familiarity with regulatory requirements related to securities lending, such as SFTR, Rule 204 and Rule 15c3-3 is a plus

Benefits

• 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