About the company
Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.
Responsibilities
- Lead the design and buildout of Alpaca’s core clearing infrastructure across brokerage, custody, ledger, asset movement, and global market expansion.
- Defining the long-term architecture for Alpaca’s clearing platform across accounts, positions, balances, ledgers, journals, settlements, stock record, and regulatory books and records.
- Designing multi-currency cash and position systems that can support global equities, FX, fractional trading, options, bonds, Treasuries, fixed income, mutual funds, and other asset classes.
- Partnering with engineering to prototype and build new clearing services rather than relying only on third-party service bureau workflows.
- Working cross-functionally with operations, finance, treasury, compliance, legal, risk, and product to ensure the platform is scalable, controlled, and regulator-ready.
- Translating complex clearing, custody, and regulatory requirements into clear product and engineering requirements.
- Helping Alpaca grow from U.S.-centric brokerage infrastructure into a global, multi-asset, multi-currency clearing platform.
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.
- Demonstrated depth on at least one clearing surface: settlement and stock record, books and records, corporate actions, margin, ACATS, DTCC processing.
- Highly technical. Ability to work directly with engineers and product teams to turn complex domain requirements into scalable system designs.
- Comfort shipping in parallel with Compliance, Legal, and Operations in a regulated broker-dealer environment.
- Strong operating judgment to weigh risk, operational efficiency, capital allocation, tech feasibility, time, and budget.
- Experience leading senior teams and influencing across functions in a high-growth environment.
Conditions