Risk Associate

Alpaca; Canada; Remote; CAD 97,000 - 126,000; Full time

Job summary

A financial services company is seeking a Risk Associate to join their global team. The ideal candidate will have over 5 years of experience in risk management, performing risk assessments and ensuring compliance with regulatory requirements. The role offers a supportive work environment, competitive salary, and a home-office setup stipend.

Benefits

Competitive Salary & Stock Options

Home-Office Setup Stipend

Monthly Stipend

Qualifications

• 5+ years of experience in risk management or compliance.
• Strong understanding of securities broker-dealer operations.
• Ability to manage multiple tasks in a fast-paced environment.

Responsibilities

• Conduct initial and ongoing risk assessments.
• Ensure compliance with Customer Identification Program (CIP).
• Support incident reporting and tracking.

Skills

Risk management

Analytical skills

Problem-solving

Communication

Education

Bachelor's degree in finance, accounting, business administration

Job description

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 C funding round brought our total investment to over $170 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 6 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 230+ 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:

We are seeking a highly motivated and detail-oriented individual to join our growing Risk Team as a Risk Associate at Alpaca Securities. We offer a collaborative and supportive work environment where you can contribute to shaping our risk management and compliance culture and furthering our commitment to operational excellence. The ideal candidate will be responsible for performing a wide range of risk-related tasks, including incident response and escalations, audit inquiries, Due Diligence and Customer Identification reviews as well as other critical tasks within our broker-dealer environment. This role requires strong analytical skills, a thorough understanding of risk management principles, and the ability to work collaboratively across departments to ensure compliance with regulatory requirements and industry best practices.

Things You Get To Do:

• Conduct initial and ongoing risk assessments of partners, vendors, and third-party service providers.
• Review due diligence documentation, including financial, operational, and compliance materials.
• Monitor and update risk scores based on predefined criteria and emerging risks.

Customer Identification Program (CIP):

• Ensure compliance with CIP requirements during account opening and onboarding processes.
• Assist in designing and improving procedures for KYC and customer due diligence (DD).
• Collaborate with relevant teams to resolve CIP-related escalations.
• Act as a first responder to incidents and Sev escalations, including operational disruptions, and escalate as necessary to appropriate stakeholders.
• Support incident reporting, tracking, and escalation processes.
• Coordinate investigations of operational, compliance, or security incidents.
• Assist in conducting root cause analysis and implementing corrective and preventive actions.
• Support the development and maintenance of internal controls and risk mitigation strategies.
• Participate in risk assessments, audits, and regulatory reviews as needed.
• Assist with reporting risk metrics to senior leadership and relevant committees.
• Conduct internal controls testing to evaluate the effectiveness of existing operational processes and controls.
• Support ad-hoc risk management projects and initiatives as needed.

Who You Are (Must-Haves):

• 5+ years of experience in risk management, internal audit, compliance, or a related field within the financial services industry.
• Bachelor\'s degree in finance, accounting, business administration, or a related field.
• Strong understanding of securities broker-dealer operations, regulations, and industry best practices.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to effectively prioritize and manage multiple tasks in a fast-paced environment.
• Strong communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.

How We Take Care of You:

• Competitive Salary & Stock Options
• 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.

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