---
title: 'Global Settlements Associate 1 at Alpaca'
canonical: 'https://feeny.ai/job/global-settlements-associate-1-alpaca-apac-03spak1aysxm'
type: 'job'
last_seen: '2026-09-17'
---

# Global Settlements Associate 1 at Alpaca 

- **Company:** Alpaca 
- **Location:** APAC
- **Work type:** remote
- **Posted:** 2026-09-15
- **Last confirmed live:** 2026-09-17
- **Apply:** https://job-boards.greenhouse.io/alpaca/jobs/6186981004

## Job description

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:

Global Equity Settlement

- 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.
- Ensure transactions are accurately recorded across internal and external systems to facilitate successful settlement.
- Monitor daily settlement activity and proactively identify transactions at risk of failing.
- Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.
- Review buy-ins, settlement penalties, and aged fails while coordinating remediation efforts with counterparties and our custodian.
- Monitor trade matching through SWIFT and settlement platforms, ensuring counterparties affirm and match trades within required market deadlines.

Trade Exception Management

- Investigate and resolve trade mismatches, including:
- Settlement instruction discrepancies
- Quantity and price differences
- Allocation issues
- Counterparty booking errors
- FX and market-specific settlement exceptions
- Partner closely with trading, finance, compliance, counterparties, and custodians to drive timely resolution of settlement issues.
- Escalate complex settlement discrepancies and operational risks to the Director of Brokerage Operations when appropriate.

Cash & Position Reconciliations

- Perform daily reconciliations of securities positions and cash balances across multiple global markets and currencies.
- Investigate and resolve cash and stock reconciliation breaks between internal ledgers and external custodians.
- Produce reconciliation reports identifying money differences, position discrepancies, and operational exceptions.
- Ensure all reconciliation breaks are researched, documented, and resolved within established service levels.

Operational Risk & Regulatory Controls

- Ensure operational processes comply with applicable SEC, FINRA, and global market regulations.
- Support compliance with SEC Rule 15c3-3 by helping maintain proper possession and control of customer securities.
- Identify operational risks and escalate issues that may impact clients, settlement, or regulatory obligations.
- Maintain complete and organized operational records supporting audits, examinations, and regulatory reviews.
- Assist the Director of Brokerage Operations with Internal Audit requests, regulatory examinations, and remediation efforts.

Reporting & Process Improvement

- Produce timely, accurate, and meaningful operational reporting on settlement activity, aged fails, reconciliation breaks, and operational metrics.
- Prepare work papers, operational summaries, root cause analyses, and management reporting.
- Identify recurring operational issues through trend analysis and recommend improvements that reduce risk and increase efficiency.
- Update operational procedures, controls, and documentation as business processes evolve.
- Support the implementation of policy frameworks while serving as a resource for operational policy questions.

Automation & Strategic Initiatives

- Partner with Engineering and Product teams to automate manual operational workflows and improve settlement processes.
- Leverage SQL, Metabase, AI tools (such as Cursor and ChatGPT), and reporting platforms to enhance operational efficiency and analytics.
- Participate in cross-functional projects supporting new products, international market expansion, and operational scalability.
- Contribute to continuous improvement initiatives that enhance the client experience while reducing operational risk.

Collaboration

- Work cross-functionally with Brokerage Operations, Trading, Finance, Compliance, Engineering, and Customer Operations to ensure seamless post-trade processing.
- Foster an environment of teamwork, accountability, and continuous learning.
- Support department initiatives and perform additional responsibilities as business needs evolve.

Who You Are (Must-Haves):

- 2+ years of experience supporting brokerage operations with a focus on global equity settlements
- Strong understanding of securities settlement lifecycles within a broker-dealer or carrying firm
- Experience working with third-party clearing firms and global custodians
- Knowledge of U.S. broker-dealer operations and financial industry regulations.
- Familiarity with BNY Nexen or similar global custody settlement platforms
- Working knowledge of SWIFT settlement messaging (MT54x series), Euroclear, DTCC, and international settlement practices
- Experience settling securities across global markets, including Europe and Asia (Hong Kong, South Korea, and other international markets)
- Strong expertise performing cash and position reconciliations across multiple currencies and markets
- Experience investigating trade mismatches and collaborating directly with counterparties to resolve settlement issues
- Ability to analyze operational data, identify trends, and make sound decisions based on available information
- Excellent written, verbal, and interpersonal communication skills
- Strong organizational skills with exceptional attention to detail
- Ability to manage multiple priorities while working independently in a fast-paced environment
- Comfortable working remotely while collaborating across distributed teams
- Working knowledge of SQL, Metabase, or similar reporting and data analysis tools.
- Proficiency with Microsoft Office and Google Workspace
- Adaptability to evolving regulatory requirements and business priorities
- Possess the Securities Industry Essentials (SIE) Exam and Series 99 license (or higher), or obtain the Series 99 within 180 days of hire

We Value Team Members Who

- Stay Curious by continuously learning and seeking opportunities to improve
- Have Empathy when collaborating with teammates, clients, and partners
- Are Accountable by taking ownership of outcomes and following through on commitments

Who You Might Be (Nice-to-Haves):

- Associate's or Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline
- Five or more years of experience in brokerage operations, reconciliation, settlements, accounting, banking, or financial services
- Experience with DTCC U.S. equity settlement processing
- Knowledge of tokenized securities or digital asset settlement
- Experience using AI-powered productivity tools (Cursor, ChatGPT, GitHub Copilot) to automate workflows or enhance data analysis
- Experience supporting automation initiatives in partnership with Engineering teams.
- Series 7 or additional FINRA licenses
- Experience working within a high-growth fintech or electronic brokerage environment

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](https://files.alpaca.markets/disclosures/AlpacaRecruitmentPrivacyPolicy.pdf)

## About Alpaca 

## Company Overview
- **One-liner**: Alpaca provides developer-first APIs and brokerage infrastructure that enable fintechs, institutions, and individual developers to build and scale investing and trading applications across stocks, options, and crypto.
- **Entity Type**: Private (backed by $320M in total funding)
- **Headquarters**: Silicon Valley, California, USA (globally distributed remote company)
- **Founded**: 2015
- **Founders**: Yoshi Yokokawa (CEO) and Hitoshi Harada (CPO)

## Core Business
- **Primary industry/industries**: Financial Technology (Fintech), Brokerage Infrastructure, API Services
- **Target customers**: B2B (fintechs, global financial institutions, broker-dealers, registered investment advisors) and B2C (algo traders, quant funds, retail investors, developers)
- **Mission statement**: "Open financial services to everyone on the planet" — allowing 8+ billion people to access financial markets.

## Products & Services
- **Broker API**: Full-stack, end-to-end brokerage infrastructure service that empowers global fintechs and institutions to build customizable investing applications and platforms. Includes clearing, custody, compliance, and regulatory setups.
- **Trading API**: Allows programmatic traders, retail investors, hedge funds, and prop firms to develop algorithms that automate trading strategies across stocks, options, and crypto. Features REST/FIX integration, real-time market data, and 1.5ms order processing via OMS v2.
- **Tokenization Network**: Enables tokenized equities to trade as one connected market with instant in-kind mint/redeem, deep liquidity, and 24/7 API access.
- **High Yield Cash**: Competitive APY on uninvested USD cash with up to $2.5M in FDIC sweep coverage.
- **Fully Paid Securities Lending**: Enables clients to lend securities for additional yield.
- **24/5 Trading**: Always-on trading with automatic session-aware order routing and real-time overnight data.
- **Self-Clearing Operations**: Full self-clearing broker-dealer (member of DTCC, FICC, OCC, Nasdaq Exchange) providing reduced costs for partners.
- **Paper Trading & Backtesting**: API sandbox environment and backtesting with historical market data.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed
- **Key Metric**: Total Funding of $320 million from top-tier investors
- **Notable Investors**: Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Eldridge, Y Combinator, and angel investors including Joshua S. Levine (former CTO/COO of ETRADE), Nate Rodland (former COO of Robinhood), Patrick O’Shaughnessy, Jacqueline Reses, Asiff Hirjii (former President/COO of Coinbase), Aaron Levie (CEO of Box), and founders of Plaid and Wealthsimple.
- **Growth Signals**: 
  - Over 7 million brokerage accounts opened across 40+ countries
  - 61,000+ monthly active developers (MAD)
  - 250+ employees in 25 countries
  - Self-clearing since 2024; member of DTCC, FICC, OCC, and Nasdaq Exchange (2025)
  - ISO 27001:2022 certified, SOC 2 Type II, GDPR, EU US DPF, CSA Level 1, ICO compliant
  - Excess SIPC coverage up to $30M in securities and $1M in cash per customer

## Competitive Advantages
- **Developer-first approach**: Easy-to-use APIs with SDKs in Python, .NET/C#, Go, Node, and more; 99.99% system uptime as of January 2026.
- **Full-stack regulatory infrastructure**: FINRA-registered broker-dealer, self-clearing, SIPC member with excess coverage, and multiple international regulatory licenses (Bahamas, Japan, FinCEN MSB).
- **Multi-asset support**: Stocks, ETFs, options, crypto, fixed income, tokenized equities — all via a single API.
- **Global reach**: Powers financial institutions across 40+ countries including Australia, Chile, Denmark, France, Mexico, UK, UAE, Saudi Arabia, Thailand, Turkey, and more.
- **Proprietary technology**: Builds its own technology stack rather than relying on legacy vendors (e.g., open-source MarketStore database for financial time-series data).

## Strategic Focus
- **Global expansion**: Actively working on new product offerings such as global stocks and index options.
- **Deepening regulatory moat**: Continued investment in self-clearing capabilities and international licensing to serve partners worldwide.
- **Tokenization & digital assets**: Expanding the Instant Tokenization Network and digital asset offerings for 24/7 liquidity.
- **Embedded finance**: Helping fintechs and institutions embed investing features directly into their own platforms.
- **Scaling the developer community**: Growing the 61,000+ monthly active developer base through open-source contributions, community platforms, and educational resources.

## Why Work Here
- **100% remote-first**: Globally distributed team across 20+ countries and almost every time zone; no central office requirement.
- **Global, multicultural team**: "Melting pot of diverse backgrounds" from tech startups to deep financial experience; team members in 25 countries.
- **Culture**: Goal-oriented, radical honesty, empathy-driven, and focused on solving hard problems. Described as "ambitiously creative" with a "last 10% of effort" mentality.
- **Career growth**: Fast-scaling startup with "limitless opportunities" for those looking to challenge themselves and advance.
- **Impact**: Directly shaping the future of finance by disrupting a legacy industry; building infrastructure that enables millions of people to access financial markets.
- **Leadership**: Founded by Yoshi Yokokawa (former Lehman Brothers, Endeavor Entrepreneur) and Hitoshi Harada (former Lead Architect at Greenplum/EMC, PostgreSQL contributor); executive team from Robinhood, Strike, TD Securities, TMX Group.
- **Notable perks**: Competitive compensation, equity, and the chance to work on open-source projects (e.g., MarketStore).

## Sources
1. [alpaca.markets - About Us](https://alpaca.markets/about-us)
2. [alpaca.markets - Homepage](https://alpaca.markets/)
3. [alpaca.markets - Careers/Hiring](https://alpaca.markets/hiring)
4. [LinkedIn - Alpaca](https://www.linkedin.com/company/alpacamarkets)
5. [docs.alpaca.markets - About Alpaca](https://docs.alpaca.markets/us/docs/about-alpaca)

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