Global Settlements Associate 1

The role

The Global Settlements Associate 1 will own the end-to-end global equity settlement process and partner with custodians and counterparties. This role involves managing trade exceptions, performing cash and position reconciliations, and ensuring compliance with regulatory controls. The person will also work to automate workflows and improve operational processes.

What you will do

• Own the end-to-end global equity settlement process.
• Ensure transactions are accurately recorded across internal and external systems.
• Monitor daily settlement activity and identify transactions at risk of failing.
• Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.
• Review buy-ins, settlement penalties, and aged fails.
• Monitor trade matching through SWIFT and settlement platforms.
• Investigate and resolve trade mismatches including settlement instruction discrepancies, quantity and price differences, and allocation issues.
• Perform daily reconciliations of securities positions and cash balances.
• Ensure operational processes comply with SEC, FINRA, and global market regulations.
• Partner with Engineering and Product teams to automate manual operational workflows.

Required qualifications

• 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
• Strong expertise performing cash and position reconciliations across multiple currencies and markets
• Experience investigating trade mismatches and collaborating directly with counterparties
• Ability to analyze operational data, identify trends, and make sound decisions
• Excellent written, verbal, and interpersonal communication skills
• Strong organizational skills with exceptional attention to detail

Nice to have

• 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)
• 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

Benefits

• 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

About the company

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. The company serves hundreds of financial institutions across 40 countries with institutional-grade APIs.