Clearing Operations Associate - Corporate Actions
- Role
- Operations
- Experience
- Mid
- Company size
- Mid-size
Open to UTC-8…UTC-2. Set where you work from to check your eligibility.
No BS summary
Corporate Actions operations associate with 3+ years of experience, direct DTC Corporate Action Web experience, and knowledge of ICE CA data, BNY processing, OCC Option CA processes, brokerage clearing, and U.S. securities back-office operations. Must work a consistent 2:00am–11:00am ET schedule remotely.
Core skills
Required skills
Optional skills
Who We Are:
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.
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 $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.
Our Team Members:
We're a dynamic team of 400+ 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:
Our clearing back office team at Alpaca is looking for a Corporate Actions Associate to process and reconcile domestic and international corporate actions. In this role you will be the primary processor for distributions, reorganizations, and redemptions for all asset types supported by the broker dealer including equities, fixed income, and options. This role supports overnight brokerage operations. Candidates must be comfortable working a consistent 2:00am - 11:00am ET schedule.
Things You’ll Get To Do:
- 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
Who You Are (Must-Haves):
- 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
- 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
Who You Might Be (Nice-to-Haves):
- 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
- FINRA Series 7
- Experience processing CA on DTCC's portal
- Experience with Slack
How We Take Care of You:
- 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
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
Recruitment Privacy Policy
What you'll do
- Process and reconcile domestic and international corporate actions
- Act as the primary processor for distributions, reorganizations, and redemptions for all supported asset types, including equities, fixed income, and options
- Support overnight brokerage operations
- Own and process distributions such as dividends and interest
- Own and process reorganizations such as reverse splits and mergers
- Own and process redemptions such as maturities and calls
- Review and validate corporate action event details before posting to customer accounts
- Minimize risk of errors and potential firm exposure
- Interface daily with external vendors and custodians including DTC, OCC, BNY, and ICE to confirm event and allocation details
- Balance and reconcile all corporate actions booked versus corresponding suspense and wash accounts
- Ensure corporate action house accounts are balanced daily
- Research breaks and open items to prevent them from becoming aged
- Serve as the corporate actions subject matter expert for internal departments and external partners
- Respond to corporate action related Zendesk tickets
- Handle voluntary corporate action requests
- Enhance and iterate on procedures for new tasks, asset classes, and other processes
- Assist with automation of daily self-clearing processes in collaboration with engineering
- Learn other areas in the clearing space to assist during downtime
What they require
- 3+ years of Corporate Actions experience
- Direct DTC Corporate Action Web experience
- Knowledge of ICE CA data, BNY processing, and OCC Option CA process
- Knowledge of Brokerage Clearing operations
- General knowledge of U.S. securities back office operations of a clearing firm
- Knowledge of Financial industry rules, regulations, and laws
- Ability to work independently in a remote environment with attention to detail
- Ability to work collaboratively within a team environment
- Ability to work independently in a fast-paced environment with multiple priorities
- Ability to adapt between Microsoft and Google document and spreadsheet solutions
- Ability to change and adapt to the ever-changing regulatory landscape of the financial industry
- Ability to assist other functional areas when necessary
- Possess a FINRA SIE or obtain it within the first 180 days of employment
- Must be able to follow company tenets: Stay Curious, Have Empathy, Be Accountable
- Must be comfortable working a consistent 2:00am - 11:00am ET schedule
- Preferred: Associate’s degree in a business-related field and a minimum of five (5) years of experience in Corporate Actions, cash and securities reconciliation, accounting, banking, and/or financial services industry
- Preferred: FINRA Series 7
- Preferred: Experience processing corporate actions on DTCC's portal
- Preferred: Experience with Slack
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
Alpaca is a modern platform for trading. Alpaca's API is the interface for your trading algorithms, bots, or applications to communicate with Alpaca''s brokerage and other services.
What people say about this company
3.6/ 5