Full-Time

Fixed Income Trader & Operations Associate II

Confirmed live in the last 24 hours

Alpaca

Alpaca

201-500 employees

API-first brokerage for stock trading

Fintech
Financial Services

Senior

Remote in USA

Category
Sales & Trading
Quantitative Finance
Finance & Banking
Required Skills
SQL
Fixed Income Securities
Data Analysis
Requirements
  • Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
  • Has a minimum of 5 years in the fixed income industry
  • Must possess comprehensive knowledge of the fixed income space, including trading, regulatory requirements, and operational processes such as execution, reconciliations, corporate actions, and tax considerations.
  • Proven experience with clearing and settling Fixed Income products, particularly through FICC
  • Experienced in SQL and Google Suite; familiarity with additional data analysis or workflow tools is a plus.
  • Excellent organizational skills, and a problem-solver who is able to provide effective solutions
  • Effective communication skills, both written and verbal, to interact with internal and external stakeholders.
  • Ability to work independently, manage priorities, and meet deadlines in a fast-paced environment.
Responsibilities
  • Trader/Operational Subject Matter Expert to oversee and provide specialized expertise across all aspects of the Fixed Income Product Offering.
  • Help manage the day-to-day operations of the Fixed Income Product Offering, including trade execution, clearing, settlements, and corporate actions, ensuring accuracy and efficiency across processes.
  • Partner with internal teams, including trading, operations, and external partners (execution venues and custodians), to create comprehensive day-to-day workflow documentation.
  • Leverage the firm’s technology stack to streamline trading and operational workflows, creating efficiencies across the fixed income lifecycle.
  • Provide feedback and actionable suggestions for continuous improvement of the Fixed Income product offering.
  • Partner with the Compliance team to ensure the Fixed Income operations adhere to all regulatory requirements, providing input and expertise to assist in the creation and maintenance of the firm’s written supervisory procedures.
Desired Qualifications
  • Has a Series SIE, 99, and 57, 24 preferred but not required.

Alpaca Securities LLC operates in the stock brokerage industry by providing an API-first brokerage service that allows businesses to create their own trading applications. This service enables companies to integrate stock trading functionality into their platforms without the need to become brokers themselves, saving them time and resources. Alpaca's clients include businesses like InvestSky and Woodstock, which want to offer stock trading to their customers. Additionally, Alpaca offers a Local Currency Trading API, allowing international investors to trade US stocks in their local currency. Beyond stock trading, Alpaca also provides crypto wallets and supports coin pair trading with various cryptocurrencies. The company generates revenue by charging fees based on the volume of trades executed through its platform. Alpaca's goal is to simplify the trading process for businesses and their customers, making financial services more accessible.

Company Stage

N/A

Total Funding

$84.5M

Headquarters

San Mateo, California

Founded

2015

Growth & Insights
Headcount

6 month growth

3%

1 year growth

-2%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Alpaca's self-clearing transition enhances asset transfers and securities lending opportunities.
  • Partnership with Derayah Financial accelerates Middle Eastern business expansion for Alpaca.
  • Alpaca's limit orders and extended hours trading for fractional shares lead retail trading.

What critics are saying

  • Increased competition from fintech platforms like GUGU offering commission-free trading.
  • Potential regulatory challenges in international markets may complicate Alpaca's expansion.
  • Self-clearing transition introduces operational risks in managing settlement processes.

What makes Alpaca unique

  • Alpaca offers API-first brokerage services, enabling businesses to build trading applications.
  • Alpaca supports local currency trading, simplifying US stock trading for international investors.
  • Alpaca provides crypto wallets and coin pair trading, expanding financial services for clients.

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Benefits

Competitive salary & stock options

Medical, dental, & vision

Home office setup stipend

Monthly Brex Card stipend