Alpaca is hiring a
Securities Lending Operations Associate

Summary

Join Alpaca, a fast-growing fintech company, as a detail-oriented Securities Lending Operations Associate to support the daily operations of the securities lending business. In this role, you will execute and manage daily securities lending transactions, monitor and manage collateral requirements, perform reconciliations, ensure regulatory compliance, and maintain relationships with counterparties and internal stakeholders.

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, 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

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

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