Financial Operations Principal

About the role

Alpaca is seeking a seasoned professional to ensure the financial health and regulatory adherence of our U.S. broker-dealer. This role is pivotal in scaling our fintech platform while maintaining stringent financial integrity.

Key facts

What you'll do

• Oversee the preparation and submission of all regulatory financial filings, including FOCUS Reports, and ensure compliance with SEC and FINRA financial rules.
• Manage daily financial operations, including account reconciliations, and ensure the accuracy of the firm's financial records.
• Act as the primary financial contact for regulatory bodies, auditors, and clearing firms, leading examinations and inquiries.
• Advise executive leadership on capital requirements, liquidity, and the financial implications of strategic business decisions and new product introductions.
• Develop and enhance internal controls to manage financial and operational risks effectively.

Requirements

• Bachelor's degree in Accounting, Finance, or a related discipline.
• Possess an active FINRA Series 27 license.
• Minimum of 7 years of experience in broker-dealer financial operations or regulatory accounting.
• Proven experience in preparing and filing FOCUS Reports.
• Deep understanding of broker-dealer accounting principles, reconciliation processes, and regulatory reporting obligations.
• Proficiency in SEC Rule 15c3-1 (Net Capital Rule), SEC Rule 15c3-3 (Customer Protection Rule), and SEC Rules 17a-3 and 17a-4.
• Strong analytical, problem-solving, and organizational capabilities.
• Ability to work independently in a remote setting and collaborate effectively with various teams.

Nice to have

• Certified Public Accountant (CPA) designation.
• Experience supporting a self-clearing broker-dealer.
• Prior experience working directly with FINRA, the SEC, external auditors, and clearing firms.
• Background in a rapidly growing fintech or startup environment.
• Experience in optimizing financial operations through automation or process improvements.
• Familiarity with supporting new product launches or business expansions within a regulated broker-dealer context.

Skills & tools

• SEC Rule 15c3-1 (Net Capital Rule)
• SEC Rule 15c3-3 (Customer Protection Rule)
• SEC Rules 17a-3 and 17a-4
• FINRA financial reporting requirements
• FOCUS Reports (Form X-17A-5)

Practical notes

• New hires receive a one-time USD $500 for home office setup.
• A monthly stipend of USD $150 is provided via a Brex Card.
• Health benefits are offered.
• Competitive salary and stock options are part of the compensation package.