Product Manager – Clearing Systems

Alpaca

Product Manager building Alpaca’s global brokerage and clearing infrastructure. Designing scalable multi-asset, multi-currency systems across ledger, custody, settlement, and regulatory operations.

Posted 8/18/2026full-timeRemote • 🇺🇸 United StatesSeniorLeadWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in designing and building clearing infrastructure, with a strong focus on brokerage, custody, and regulatory compliance. Proven ability to translate complex requirements into scalable system designs while leading cross-functional teams in a high-growth environment.

Highest-signal resume keywords

Product ManagementBrokerage InfrastructureClearing Services DesignRegulatory ComplianceCross-Functional Leadership

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Clearing InfrastructureSettlement and Stock RecordBooks and RecordsCorporate ActionsMargin ProcessingACATS ProcessingDTCC ProcessingMulti-Currency SystemsTechnical Program ManagementFinancial Market Infrastructure

Soft Skills

Strong Operating JudgmentInfluencing Across FunctionsCollaboration

Tools & Technologies

CursorClaudeChatGPT

Industry Keywords

BrokerageCustodyPrime BrokerageTrading InfrastructureCapital Markets TechnologyGlobal Market ExpansionB2B2C ModelOmnibus ModelsCurrency ControlsHigh-Growth Environment

About the role

Key responsibilities & impact

Lead the design and buildout of Alpaca’s core clearing infrastructure across brokerage, custody, ledger, asset movement, and global market expansion
Define the long-term architecture for accounts, positions, balances, ledgers, journals, settlements, stock record, and regulatory books and records
Design multi-currency cash and position systems for global equities, FX, fractional trading, options, bonds, Treasuries, fixed income, mutual funds, and other asset classes
Partner with engineering to prototype and build new clearing services
Work cross-functionally with operations, finance, treasury, compliance, legal, risk, and product
Translate complex clearing, custody, and regulatory requirements into product and engineering requirements
Help expand U.S.-centric brokerage infrastructure into a global, multi-asset, multi-currency clearing platform

Requirements

What you’ll need

5+ years in Product Management, technical program management, or engineering on brokerage, clearing, or post-trade infrastructure
10+ years of experience in brokerage, clearing, custody, prime brokerage, trading infrastructure, financial market infrastructure, or capital markets technology
Demonstrated depth in at least one clearing area: settlement and stock record, books and records, corporate actions, margin, ACATS, or DTCC processing
Highly technical, with ability to work directly with engineers and product teams to turn complex domain requirements into scalable system designs
Comfort shipping in parallel with Compliance, Legal, and Operations in a regulated broker-dealer environment
Strong operating judgment weighing risk, operational efficiency, capital allocation, technical feasibility, time, and budget
Experience leading senior teams and influencing across functions in a high-growth environment
Nice-to-have: experience building, converting, or modernizing corporate-action processing, a security master, or a self-clearing back office
Nice-to-have: experience with global brokerage expansion, international equities, FX, local market custody, omnibus models, sub-ledgers, and currency controls
Nice-to-have: familiarity with the B2B2C correspondent / broker-as-a-service model
Nice-to-have: AI-native PM workflow using tools such as Cursor, Claude, ChatGPT, or custom agents

Benefits

Comp & perks

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