Product Manager - Brokerage

Alpaca; Saudi Arabia; On-site; SAR 180,000 - 320,000; Full time

Job summary

Alpaca is expanding its brokerage product line to serve the Saudi and GCC markets, including equities, Sukuk, ETFs, derivatives, and Sharia-compliant solutions. You will drive regulatory alignment with CMA/Tadawul and collaborate with local partners to extend coverage and resilience across the region.

The role requires deep knowledge of CMA rules and GCC capital markets, strong API experience, and bilingual communication in Arabic and English.

Qualifications

• Bachelor’s degree or equivalent in a relevant field.
• 5+ years in product management, engineering, consulting, or startup experience.
• Experience in brokerage, capital markets, or fintech in Saudi/GCC.
• Strong understanding of CMA, Tadawul, and GCC markets.
• Bilingual communication in Arabic and English; collaboration skills.
• Finance/fintech background with API familiarity.

Responsibilities

• Own brokerage products for Saudi and GCC markets (equities, Sukuk, ETFs, derivatives, Sharia-compliant).
• Drive product strategy with ROI focus, regulatory requirements, and build-vs-buy decisions.
• Contribute to roadmap with CMA-compliant features and regional needs.
• Write PRDs and work with engineers to deliver compliant programs.
• Improve operations by optimizing settlement, custody, and clearing workflows.
• Lead customer calls to translate insights into product improvements; report status to stakeholders.

Skills

Product management

Regulatory knowledge

Stakeholder management

Communication (Arabic & English)

Education

Bachelor’s degree in CS/engineering/finance

CMA-1 or CMA-recognized certification

Tools

APIs

Job description

What You ll Walk Into

What You ll Walk Into You won t be starting from zero You ll be owning live problems Saudi limited live scaling from initial market access to full product coverage while meeting CMA and Tadawul requirements The rest of the Saudi roadmap prioritizing and delivering the next wave of brokerage capabilities across equities Sukuk ETFs and regional market needs Saudi derivatives defining and launching derivative product offerings compliant with local market structure and regulation Saudi direct connectivity building and owning connectivity to Tadawul and regional infrastructure reducing reliance on intermediary paths Saudi broker partnerships evaluating onboarding and integrating local brokers to expand coverage and resilience Saudi securities lending business growing the securities lending product line for the Kingdom All of the above for the UAE replicating and adapting the Saudi playbook for the Emirates market including local regulatory alignment and partner integrations Sharia-compliant products across Alpaca owning the product strategy and delivery for Islamic finance offerings ensuring Sharia-compliant structures are embedded across regional and global product surfaces Regulatory and stakeholder complexity engagements with CMA Tadawul Edaa and other regional regulators plus coordination between Alpaca s global platform and KSA GCC market infrastructure

Things You Get To Do

Own brokerage products tailored for the Saudi and GCC markets including equities Sukuk ETFs derivatives and Sharia-compliant solutions Drive brokerage product strategy by analyzing ROI regional market competition regulatory requirements and build-vs-buy scenarios Contribute to the product roadmap with a focus on CMA-compliant features Sharia-compliant solutions and regional market needs Write product requirements and work with engineers to execute programs that meet local regulatory and market standards Improve brokerage operation efficiency by providing solutions and owning the metrics with a focus on regional settlement custody and clearing workflows Lead customer calls around brokerage process and product issues to gain insights and translate them into product improvements for GCC clients Participate in engagements with the CMA Tadawul Edaa and other regional regulators to drive product strategy and ensure regulatory alignment Report timely and accurately on product status and results to internal and external stakeholders including regional partners and institutional clients Collaborate with local operations teams to ensure seamless integration between Alpaca s global platform and KSA GCC market infrastructure Excited about what Alpaca is building and passionate about expanding financial infrastructure across the GCC

• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services or fintech.
• Demonstrated interest and experience in brokerage, capital markets, or fintech within the Saudi or GCC region.
• Strong understanding of the CMA regulatory framework, Tadawul market structure, and GCC capital markets landscape.
• Strong communication skills in both Arabic and English, both written and verbal, with excellent collaboration abilities.
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.
• Experience and background working on and developing brokerage products in the Saudi or GCC markets.
• Technical background working with APIs, particularly in financial services or trading platforms.
• CME-1 or other CMA-recognized professional certifications.
• Experience working with Qualified Foreign Investor (QFI) programs or cross-border investment products.
• Familiarity with Sharia-compliant product structures and Islamic finance principles.
• Experience working at a fintech, startup, or CMA-authorized institution.