Brokerage Operations Margin, ACATS
Alpaca
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteJob Level
JuniorMid-Level
Tech Stack
SQLTypeScript
About the role
- Work with and provide assistance to internal and external customers on a daily basis with incoming and outgoing Account Transfer Requests
- Assist with rebuilding and formalizing procedures for the transfer process to ensure business continuity
- Assist the Director in processing ACAT transfers in/out activity and prepares for the transition to self-clearing in DTCC
- Handle communications with Contra firms and Transfer Agents
- Process Mass Account Transfers/Conversions (internal and external)
- Serve as the Firm's Subject Matter Expert on Transfers do's and don'ts
- Research and respond to inquiry tickets regarding Account Transfers
- Ensure ACAT requests are processed within the firm's timelines and in accordance with industry guidelines
- Familiarity with ACAT systems (NSCC), regulations and industry practices that govern both ACATs and non-ACAT transfers
- Identify documentation/processing irregularities and outline corrective measures
- Assist with documenting procedures and updating processes as needed
- Process ACAT free deliveries and fail reversals (FRVs)
- Work cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses
- Drive continuous operational improvement, update the control framework and undertake root cause analysis and trend analysis of operational issues
- Support business unit management in applying policy frameworks and serve as a referral point for policy-related queries
- Assist in the automation of daily self-clearing processes, collaborating with engineering
- Prepare summary documentation/work papers for special projects/observations, submitting to management for review
- Participate in projects as needed
- Perform other duties and responsibilities as assigned
Requirements
- 2+ years of ACATS experience
- Knowledge of Brokerage Clearing operations
- Knowledge of Financial industry rules, regulations and laws
- Possess general knowledge of U.S. securities back office operations of a broker-dealer and/or carrying firm
- Ability to Identify relationships, draw logical conclusions and interpret results for use in decision making
- Excellent written and verbal communication skills
- Ability to work independently with attention to detail as well as collaboratively within a team environment
- Providing insights for continuously improving our client experience and providing efficiency
- Ability to work independently in a fast-paced environment with multiple priorities
- Must be able to follow company tenets: Stay Curious; Have Empathy; Be Accountable
- Be able to work in a remote environment
- Have basic knowledge of SQL, metabase, or other database coding language
- Easily adapt between Microsoft and Google document and spreadsheet solutions
- Be flexible to assist other functional areas when necessary
- Support department initiatives and company vision
- Must be able to change and adapt to the ever-changing regulatory landscape of the financial industry
- Possess a Series SIE and 99 or higher securities license or achieve a passing result on the 99 within the first 180 days of employment
- Associate’s degree in a business-related field and a minimum of five (5) years of experience in ACATS, cash and securities reconciliation, accounting, banking, and/or financial services industry (Nice-to-Have)
- Series 7 (Nice-to-Have)
- Experience processing ACATs on DTCC's portal (Nice-to-Have)
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
ACATSSQLdatabase codingmass account transfersfinancial reconciliationaccountingbrokerage clearing operationsself-clearing processesroot cause analysistrend analysis
Soft skills
communicationattention to detailindependent workcollaborationadaptabilityproblem-solvingcustomer servicecontinuous improvementflexibilitydecision making
Certifications
Series SIESeries 99Series 7 (Nice-to-Have)