Brokerage Ops: Margin/Options Associate

Alpaca; United States; Remote; USD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive Salary & Stock Options

Health Benefits

New Hire Home-Office Setup: USD 500

Monthly Stipend: USD 150 via Brex Card

Job summary

Alpaca, a US-headquartered fintech, is seeking a Brokerage Operations Margin and Option Associate to monitor margin and option risk in real time and support regulatory-compliant processes. You will work closely with the Director of Brokerage Operations to ensure accurate margin calls and risk mitigation actions.

Ideal candidates have Series 7 and 63 licenses, with Series 4 preferred or obtainable within three months, and 3+ years in brokerage operations.

Qualifications

• Series 7 and 63 required; Series 4 preferred or ability to obtain within three months of employment.
• 3+ years of brokerage operations experience.
• Experience with FINRA, OCC regulations and systems.
• Ability to work effectively in a team and independently, in a changing regulatory environment.

Responsibilities

• Monitor customer margin and option risk in near real time.
• Review daily reporting and take action on exceptions.
• Follow Regulation T and FINRA Rule 4210 for margin calls.
• Perform option expiration processes and risk mitigation.
• Review fraud alerts and support ad hoc duties as needed.

Skills

Attention to detail

Regulatory adaptability

Team collaboration

Education

Series 7 & 63 licenses

Series 4 license (preferred)

Job description

Alpaca, a US-headquartered fintech, is seeking a Brokerage Operations Margin and Option Associate to monitor margin and option risk in real time and support regulatory-compliant processes. You will work closely with the Director of Brokerage Operations to ensure accurate margin calls and risk mitigation actions.

Ideal candidates have Series 7 and 63 licenses, with Series 4 preferred or obtainable within three months, and 3+ years in brokerage operations.