Liquidity Risk Manager — Stress Testing & Treasury

Alpaca; Northern (KY); Hybrid; USD 140,000 - 180,000; Full time

Benefits offered by this job

Stock options

Home-office setup stipend

Job summary

Alpaca is a US-headquartered, global leader in brokerage infrastructure, expanding its Treasury function to manage liquidity risk and stress testing across a growing multi-market product suite. The Financial Risk Manager role focuses on building liquidity risk infrastructure, daily reporting, data pipelines, and alerting frameworks while collaborating across Treasury, Finance, and Risk.

This is a hands-on, largely IC position with potential growth into leadership.

Qualifications

• 2‑4 years experience in liquidity risk, treasury, financial risk, middle office, or balance sheet analytics within a broker‑dealer, bank, or fintech environment
• Solid understanding of broker‑dealer liquidity and capital requirements, including SEC Rules 15c3‑1 and 15c3‑3
• Hands‑on experience building or supporting liquidity reporting, data pipelines, and stress testing programs
• Experience with intraday liquidity monitoring, stress testing, or real‑time risk reporting
• Familiarity with Monte Carlo simulation techniques or probabilistic risk modeling
• Familiarity with Treasury operations, cash management, and funding workflows in a regulated environment
• Working knowledge of risk governance concepts and how Treasury and Risk functions interact in a broker‑dealer setting
• Proficiency in SQL and Python (or similar) for data analysis, pipeline development, reporting automation, and working with large datasets

Responsibilities

• Build and own daily liquidity reporting, ensuring timely, accurate views of firm liquidity positions across products and legal entities
• Design and streamline data pipelines connecting Treasury, Finance, Operations, and clearing/settlement systems to reduce manual effort and improve data quality
• Help maintain broker‑dealer liquidity reporting related to SEC Rule 15c3-1 (Net Capital), SEC Rule 15c3-3 (Customer Reserve), and related FINRA/SEC requirements
• Partner with Engineering and Data teams to automate reporting workflows using SQL, Python, and BI platforms
• Build and maintain real‑time and intraday liquidity monitoring capabilities to track cash positions, settlement flows, margin movements, and funding needs throughout the day
• Establish intraday liquidity metrics, limits, and early warning indicators (EWIs); investigate breaches and prepare escalation materials for Treasury leadership
• Support same‑day funding and treasury operations decisions with timely liquidity analysis during market hours
• Develop and implement intraday stress testing capabilities to assess the impact of sudden market moves, margin calls, and disruptions
• Run and refine intraday stress scenarios in coordination with Treasury Operations and Risk teams
• Ensure intraday stress results are actionable for real‑time decision‑making
• Build out the firm's longer‑term stress testing program, including scenario design, assumption documentation, model runs, and results reporting
• Develop and update stress scenarios to assess impacts across multiple time horizons
• Participate in integrated stress exercises and synthesize results for stakeholders
• Review and challenge assumptions used in stress models; flag areas requiring remediation
• Calibrate Monte Carlo simulation models and incorporate results into planning and risk limits
• Design and implement alerting frameworks to notify leadership of breaches
• Build out controls infrastructure to support governance, escalation, and audit trails
• Prepare analysis and documentation for regulatory examinations and internal audits
• Provide liquidity risk input in New Product Approval processes and stress-test margin engines

Skills

SQL

Python

Liquidity risk

Stress testing

Data pipelines

Treasury operations

Risk governance

Regulatory knowledge

Tools

BI platforms

Monte Carlo (tools)

Job description

Alpaca is a US-headquartered, global leader in brokerage infrastructure, expanding its Treasury function to manage liquidity risk and stress testing across a growing multi-market product suite. The Financial Risk Manager role focuses on building liquidity risk infrastructure, daily reporting, data pipelines, and alerting frameworks while collaborating across Treasury, Finance, and Risk.

This is a hands-on, largely IC position with potential growth into leadership.