Brokerage Operations Manager - Saudi
WFA Digital Insight
The demand for skilled operations managers in fintech has grown significantly, with a 25% increase in job openings over the past year. As companies like Alpaca expand their services, professionals with expertise in brokerage operations are in high demand. With over $320 million in funding, Alpaca is an attractive option for those looking to work with a cutting-edge fintech company. Before applying, candidates should be aware of the importance of attention to detail and the ability to thrive in a fast-paced environment. The company's commitment to diversity and equal opportunities is also a plus for those looking for a inclusive workplace.
Job Description
About the Role
The Brokerage Operations Manager will play a crucial role in monitoring customer margin and option risk in real-time. This position requires strong attention to detail, accuracy, and reliability, as well as the ability to work effectively in a fast-paced environment. The successful candidate will be part of a dynamic team of professionals who are passionate about delivering exceptional results.As a key member of the brokerage operations team, the Manager will work closely with the Director of Brokerage Operations to ensure seamless execution of trading activities. The team is responsible for managing trading exposure in margin and options, reviewing daily reporting, and taking appropriate action for exceptions. The ideal candidate will have a deep understanding of FINRA and OCC regulations and systems.
Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, and more. The company has recently secured over $320 million in funding, fueling its ambitious vision to open financial services to everyone on the planet.
What You Will Do
- Monitor customer activity in near-real-time to manage trading exposure in margin and options
- Review daily reporting and take appropriate action for exceptions
- Follow Federal Reserve Regulation T and FINRA Rule 4210 when processing margin calls
- Perform option expiration processes and risk mitigation
- Provide exceptional customer service and support
- Drive process improvements and efficiencies
- Review fraud alerts on a day-to-day basis
- Participate in ad-hoc duties and projects as assigned
- Collaborate with the team to achieve business objectives
What We Are Looking For
- Series 7 and 63 required, Series 4 preferred or ability to obtain within three months of employment
- 3+ years of brokerage operations experience
- Strong attention to detail, accuracy, and reliability
- Experience with FINRA, OCC regulations, and systems
- Ability to work effectively and supportively within a team environment
- Ability to work independently and adapt to a changing business and regulatory environment
- Strong communication and problem-solving skills
- Ability to thrive in a fast-paced environment
Nice to Have
- Experience with trading platforms and software
- Knowledge of cryptocurrency and fixed income markets
- Certification in a related field, such as financial planning or analysis
- Experience working in a fintech company
Benefits and Perks
- Competitive salary and stock options
- Health benefits
- New hire home-office setup: one-time $500 stipend
- Monthly stipend: 50 per month via a Brex Card
- Opportunity to work with a cutting-edge fintech company
- Collaborative and dynamic work environment
- Professional development opportunities
- Access to a global network of professionals
How to Stand Out
- Be prepared to provide specific examples of your experience in brokerage operations and how you have managed margin and options risk in the past.
- Familiarize yourself with FINRA and OCC regulations and systems to demonstrate your knowledge and understanding of the industry.
- Highlight your attention to detail and ability to work in a fast-paced environment, as these skills are crucial for success in this role.
- Be prepared to discuss your experience with customer service and support, as well as your ability to drive process improvements and efficiencies.
- Research the company culture and values to understand the type of candidate they are looking for and to demonstrate your enthusiasm for the company's mission.
- Prepare to discuss your experience with trading platforms and software, as well as your knowledge of cryptocurrency and fixed income markets.
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