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Alpaca

Builds APIs for brokerage and automated trading

Senior Business Architect

Business AnalysisPosted on Nov 10
Full-timeNo salary listedRemote

About the Job

Requirements

  • A bachelor's degree in computer science, engineering, finance, or equivalent is required.
  • At least 8 years of experience as a business architect, business analyst, consultant, or in product operations within brokerage, clearing, custody, or capital markets is required.
  • Be comfortable translating brokerage operating processes and regulatory requirements into product language; legal or chief compliance officer expertise is not required.
  • Demonstrate structured analysis of flows, entities, states, exceptions, controls, and potential failures when steps are missing.
  • Write clear specifications, diagrams, and decisions that other teams can execute.
  • Collaborate across operations, product management, engineering, and compliance.
  • Distinguish product changes from operating procedures and policy decisions.
  • Communicate clearly across operations, product, engineering, and compliance.

Responsibilities

  • Map brokerage operations end to end across broker onboarding, account carrying, trade clearing and settlement, cash and securities custody, books and records, financing if in scope, corporate actions, transfers, exceptions, and reporting.
  • Define target operating models and capability designs, including platform functions, manual processes, controls versus features, and Canada-specific versus globally reusable capabilities.
  • Translate regulatory and operational obligations into product requirements.
  • Write epics, user stories, acceptance criteria, and edge cases for Product and Engineering.
  • Produce process maps, capability matrices, requirement specifications, data and field definitions, state machines, exception catalogs, build-versus-run RACI, and decision logs.
  • Work with Product Managers and Engineering to sequence MVP, launch, and scale, distinguishing go-live must-haves from the post-launch backlog across operating areas.
  • Coordinate across Product, Engineering, Operations, and Compliance to translate business needs into buildable scope and escalate open decisions with owners and options.
  • Run structured discovery through workshops, subject-matter expert interviews, gap analysis against the current platform, and peer operating-model reviews where useful.
  • Ensure requirements account for automation, straight-through processing, rules, and AI-assisted exception handling from the outset.
  • Maintain a living requirements backlog tied to ACCC milestones, risks, and open decisions.

Desired Qualifications

  • Experience with a carrying, self-clearing, or custody build.
  • Experience with a Canadian dealer, carrying broker, or introducing broker.
  • Business architecture or enterprise/solution architecture experience in capital markets.
  • Familiarity with CDS or Canadian settlement workflows.
  • Experience with registered accounts or Canadian tax requirements, including TFSA, RRSP, or RESP.
  • Background with API or platform brokerage products.
  • Experience at a fintech, startup, or greenfield launch.
  • Regular use of AI tools such as Cursor, Claude, or ChatGPT for specification drafting, discovery synthesis, and gap analysis.
  • Experience shaping greenfield capability roadmaps with executive sponsors.

About the Company

Alpaca

Builds APIs for brokerage and automated trading

Alpaca builds brokerage infrastructure and trading APIs for financial firms and developers embedding investment features in apps or running automated strategies. Broker API manages account opening, funding, orders and positions, while Trading API connects individual users to stocks, options and crypto markets. AlpacaDB supplies the technology, with securities services delivered by Alpaca Clearing and cryptocurrency services by Alpaca Crypto. It earns money from market-data subscriptions, margin interest, brokerage fees, bank-sweep spreads and payments for routed orders. Alpaca began in 2015 as a database and machine-learning business and is headquartered in San Mateo, California.

Company size
201-500
Company stage
Late Stage VC
Total funding
$762.9M
Headquarters
San Mateo, CA
Founded
2015

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