Offer summary

Qualifications:

3–5 years of experience with OCC ENCORE in clearing operations., Deep understanding of listed options clearing lifecycle and trade reconciliation., Proficiency with Excel or Google Sheets for data analysis., Possession of FINRA SIE or willingness to obtain it within 180 days..

Key responsibilities:

Manage the post-trade lifecycle for listed options, including clearing and reconciliation.

Process daily OCC activities such as trades, exercises, and expiration events.

Monitor and resolve trade breaks and clearing discrepancies.

Collaborate with teams to improve straight-through processing and stay updated on OCC notices and market events.

Job description

Who We Are:

Alpaca is a US California headquartered brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, Options, Cryptocurrencies, and more, and has raised over $170 million in funding. Amongst our subsidiaries, Alpaca is a licensed financial services company in multiple countries, and we serve hundreds of financial institutions globally such as broker-dealers, investment advisors, hedge funds, and crypto exchanges.

Alpaca’s globally distributed team members bring in diverse experiences such as engineers, traders, and brokerage professionals to achieve our Mission of opening financial services to everyone on the planet. We are also deeply committed to open-source contributions and fostering a vibrant community. We will continue to enhance and improve our award-winning developer-friendly API and the infrastructure behind it.

Our Team Members:

We’re a team of 200+ globally distributed members who love working from our favorite places worldwide. Our team spans the USA, Canada, Japan, Hungary, Nigeria, Brazil, the United Kingdom, and more!

We’re looking for candidates eager to join Alpaca’s growing organization, who are excited about our Mission of “Open financial services to everyone on the planet and share our Values of “Stay Curious,” “Have Empathy,” and “Be Accountable.”

Your Role:

Our clearing back office team at Alpaca is looking for an Options Clearing Specialist to own the end-to-end option lifecycle for OCC-specific products. You will help build straight-through processing for Alpacas' homegrown self-clearing platform. In this role, you will be directly responsible for working with the responsible party to handle P&S, ACATS, OCC position recon, assignment & exercise processing, corporate actions processing, and required reg and firm reporting.

Things You Get To Do:

Manage the complete post-trade lifecycle for listed options—clearing, reconciliation, and settlement—using OCC’s ENCORE platform.
Process daily OCC activity, including trades, exercises/assignments, expiration events, and position reconciliations.
Monitor real-time position reconciliation to confirm that long and short contracts align internally and externally
Monitor and resolve trade breaks, unmatched activity, and clearing discrepancies in coordination with counterparties and clearing firms.
Reconcile firm and customer option positions against OCC records to ensure alignment.
Confirm that corporate actions, accelerated options, cash-in-lieu processing, and like corporate events are processed promptly.
Collaborate across departments for margin requirement funding, including pledging equities to reduce daily OCC requirement needs.
Help fully automate ACATS, CMTAs, Spread file delivery, and LOPR reporting.
Collaborate with operations, technology, and compliance teams to maintain and improve straight-through processing and exception handling.
Stay on top of OCC notices, market events, and rule changes, and ensure relevant impacts are assessed and addressed operationally.

Who You Are (Must-Haves):

3–5 years of hands-on experience working with OCC ENCORE in a clearing capacity.
Deep understanding of the listed options clearing lifecycle, including trade capture, assignment, expiration, and reconciliation.
Familiarity with OCC file types and processing cycles (e.g., E&A files, CMR, position files).
Strong attention to detail and a track record of resolving operational breakdowns with accuracy and urgency.
Proficiency with Excel or Google Sheets (pivots, lookups, etc.).
Excellent communication skills with the ability to work cross-functionally under tight deadlines.
Comfortable working in a regulated, high-volume environment with a focus on controls and process integrity.
Possess a FINRA SIE or within the first 180 days of employment
Must be able to follow the company tenets of:

Stay Curious
Have Empathy
Be Accountable

Who You Might Be (Nice-to-Haves):

Bachelor’s degree in Finance, Accounting, or a related field.
Experience reconciling OCC margin or billing components and understanding of collateral workflows.
Familiarity with clearing broker-dealer operations and omnibus account structures.
SQL or data analytics skills for building reports and supporting exception analysis.
Exposure to regulatory reporting (e.g., FOCUS reports, segregation reporting) as it relates to options clearing.
Experience automating workflows or working with post-trade reconciliation tools.
Comfortable navigating startup or high-growth fintech environments.
Deep equities and DTCC knowledge
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