Brokerage Operations Manager - Saudi

About the role

This role focuses on monitoring customer trading activity, specifically managing exposure related to margin and options. The work involves reviewing daily reports, addressing exceptions, and ensuring compliance with Federal Reserve Regulation T and FINRA Rule 4210 for margin calls. A key aspect is performing option expiration processes and mitigating associated risks.

The manager will also drive process improvements and efficiencies within brokerage operations. This includes reviewing fraud alerts daily and handling various ad hoc duties and projects. The position requires a customer service focus, indicating interaction or support for client-related operational issues.

Success in this position means maintaining regulatory compliance, effectively managing trading risks, and contributing to operational efficiency. The ideal candidate will thrive in a fast-paced environment, adapt to regulatory changes, and take ownership of new responsibilities within Alpaca's global team of brokerage professionals.

The salary for this role ranges from $98,000 to $162,000 annually, complemented by stock options.

Skills that matter here

• Series 7: This certification is required to perform the duties of a Brokerage Operations Manager, particularly in handling securities transactions and customer accounts.
• Series 63: This certification is necessary for compliance with state securities laws, ensuring proper handling of customer interactions and transactions.
• FINRA: Experience with FINRA regulations is essential for managing margin calls and ensuring overall compliance in customer trading activities.
• OCC regulations: Knowledge of OCC regulations is critical for managing options-related activities and mitigating risks associated with option expiration processes.

Who this role suits

• A person with meticulous attention to detail and a commitment to accuracy.
• Someone who can work both independently and as part of a team.
• An individual who enjoys challenges and proactively takes on new responsibilities.
• A professional who can adapt to evolving business and regulatory landscapes.

From the employer

• 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.
• Customer Service focus.
• Drive process improvements and efficiencies.
• Review fraud alerts on a day-to-day basis.
• Ad hoc duties and projects as assigned.

• 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 with the ability to thrive in a fast-paced environment.
• Experience with FINRA, OCC regulations, and systems.
• Ability to work effectively and supportively within a team environment, and the ability to work independently.
• Must possess the ability to adapt to a changing business and regulatory environment.
• Enjoys challenges and taking ownership of new responsibilities.

• 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.