Clearing Operations Associate - Corporate Actions

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 2:00 AM–11:00 AM ET schedule (11:30 AM–8:30 PM IST / 7:00 AM–4:00 PM BST).

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