Who We Are : Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.

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 9 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet . We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.

Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.

Our Team Members : We're a agile team of 230+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

- We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

Your Role : This is an opportunity to join a Fintech firm specializing in many facets of the broker-dealer space.



You will help our team by focusing on money movements and ACAT transfers. The team is 100% distributed and remote. The role will be reporting directly to one of the Firm's Director of Operations.

Things You Get To Do :

- Ensure transactions are correctly recorded in appropriate systems facilitating successful settlement
- Investigation and resolution of failing transactions- Settle securities transactions by processing deliver orders (DOs) on DTCC RAD
- Collect marks-to-market on open contracts and money differences by processing Securities Payment Orders (SPOs)
- Pledge securities to pledgees for collateral through the collateral loan system
- Protect customer fully-paid-for positions and manage firm positions through the use of segregation and memo segregation procedures
- Process ACAT free deliveries and fail reversals (FRVs)
- Investigate & resolve cash and stock reconciliation issues
- Address settlement discrepancies and engage the Director of Brokerage Operations for prompt resolution
- Adhere to all rules, regulations, and procedures that govern this role and organization
- Be aware of Operational Risk and escalate the Director of Operations
- Review Buy-ins and Knowledge of REG SHO/15c3
- Produce timely, quality, and relevant reporting. Regularly communicate amendments to policies and procedures
- Verify and reconcile securities held at various depositories and transfer agents




- Process and confirm fails within Obligation Warehouse (OW) for settlements reconciliation with brokers
- Create reports on money discrepancies between our internal ledger and external platforms
- Ensures reconciliations are accurate and complete and that discrepancies have been resolved in a timely manner
- Works with other internal teams, fostering an environment that encourages participation, teamwork and communications.
- Ensures industry rules, regulations and securities laws are adhered to for 15c3-3 and proper action is taken to ensure proper possession and control of customer securities
- Maintains orderly and readily obtainable records for research and examination purposes
- Prepares summary documentation/work papers for special projects/observations, submitting to management for review
- Performs data collection and analysis to ensure the firm is in compliance with regulatory requirements
- Tests controls and measures to identify excessive operational risk and/or control problems at an early stage and works with staff to maintain quality and efficiency standards
- Works cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses.
- Escalates observations/issues to Management that require attention in order to mitigate risk
- Assists the Director in completing all Internal Audit and Regulatory reviews for the operating group and to ensure that review findings are effectively resolved.
- Driving continuous operational improvement, updating of the control framework and undertaking root cause analysis and trend analysis of operational issues
- Assist on automation of daily self-clearing processes collaborating with engineering
- Part

📌 Brokerage Operations Associate I - Clearing & Settlement (Mumbai)
🏢 Alpaca
📍 Mumbai