Global Settlements Associate 1

<div class="content-intro"><p><strong>Who We Are:</strong></p> <p><strong>Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure </strong>for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.<br><br>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.<br><br>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.<br><br><strong>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.</strong><br><br><strong>Our Team Members:</strong></p> <p>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!<br><br>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.</p></div><div class="ak-renderer-extension " data-layout="default"> <div class="ak-renderer-extension-overflow-container"> <div class="ak-renderer-wrapper is-undefined css-1jke4yk"> <div class="css-jamgs6"> <div class="ak-renderer-document"> <p><strong>Your Role:</strong></p> <p> Global Equity Settlement</p> <ul> <li>Own the end-to-end global equity settlement process, partnering with our custodian, counterparties, and internal stakeholders to ensure timely and accurate settlement across multiple international markets.</li> <li>Ensure transactions are accurately recorded across internal and external systems to facilitate successful settlement.</li> <li>Monitor daily settlement activity and proactively identify transactions at risk of failing.</li> <li>Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.</li> <li>Review buy-ins, settlement penalties, and aged fails while coordinating remediation efforts with counterparties and our custodian.</li> <li>Monitor trade matching through SWIFT and settlement platforms, ensuring counterparties affirm and match trades within required market deadlines.</li> </ul> <p>Trade Exception Management</p> <ul> <li>Investigate and resolve trade mismatches, including:</li> <ul> <li>Settlement instruction discrepancies</li> <li>Quantity and price differences</li> <li>Allocation issues</li> <li>Counterparty booking errors</li> <li>FX and market-specific settlement exceptions</li> </ul> <li>Partner closely with trading, finance, compliance, counterparties, and custodians to drive timely resolution of settlement issues.</li> <li>Escalate complex settlement discrepancies and operational risks to the Director of Brokerage Operations when appropriate.</li> </ul> <p>Cash & Positio