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Financial Operations Principal at Alpaca · globalremotely

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 dynamic team of 380+ 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 startup at an exciting time! Become one of the CORE influencers in the company.

The FinOp is a key role in the finance team and responsible for overseeing the company’s financial and operational compliance to the SEC’s Net Capital Rule (Rule 15c3-1) and Customer Protection Rule (Rule 15c3-3).

The Accounting & Finance team is 100% distributed and remote. This role will be reporting directly to the CFO.

Key Roles and Responsibilities of a Series 27 FinOp:

1. Financial Oversight and Reporting

Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly.
Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times.
Ensure timely filing of financial statements and supplemental reports, including annual audited financials.
Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers.

2. Regulatory Compliance

Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection).
Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements).
Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies.

3. Internal Controls and Risk Management

Design and maintain adequate internal controls to safeguard customer and firm assets.
Supervise systems to prevent and detect errors or fraud in financial reporting.

Supervision of financial operations reconciliations of firm and customer related bank accounts and back office ledger
Partner with Operations and Finance to supervise day-to-day accounting
Supervision and/or preparations of source entries and original books and records for Broker-Dealer and ensure all periodic regulatory reporting requirements are met

4. Operational Supervision

Oversee clearing and settlement processes, especially for self-clearing or carrying firms.
Monitor cash and securities movements to ensure compliance with custody rules.
Supervise margin calculations and related risk exposure.

5. Audits and Liaison Work

Coordinate the annual independent audit of the firm’s financials.
Act as liaison to auditors, regulators, and clearing firms on financial and operational issues.

6. Strategic and Managerial Input

Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.

Who You Are (Must-Haves):

Bachelor’s degree in Accounting or Finance, CPA preferred.
Must have active FINRA Series 27 license
7+ years relevant experience, in self-clearing financial services preferred
Excellent data analysis and reporting skills
Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction
Must possess the ability to adapt to a changing business and regulatory environment
Team orientated with desire to help and support other team members
Enjoys challenges and taking ownership of new responsibilities