Senior Manager, Operations Control

About the role

This role focuses on establishing and maintaining the operational control framework for Alpaca's back-office functions. The Senior Manager will be responsible for designing and documenting internal control reviews, resolving operational issues, and maintaining a central inventory of controls. This work is critical for ensuring the company's compliance and operational integrity.

A key part of this position involves preparing for regulatory examinations by FINRA and the SEC, as well as conducting thematic reviews to identify and address systemic weaknesses in controls. The individual will also collaborate with product and engineering teams to integrate control considerations into new developments, driving efficiency through automation and advanced tools.

Success in this role means effectively safeguarding Alpaca's operations through robust control mechanisms and ensuring continuous compliance with financial regulations. The Senior Manager will operate with a high degree of independence, requiring a proactive approach to identifying, testing, and challenging operational controls in a dynamic environment.

The compensation for this role is between $112,000 and $188,000 USD, in addition to stock options.

Skills that matter here

• FINRA: This role requires supporting examinations by FINRA and applying its Uniform Practice Code to back-office operations.
• SEC: The Senior Manager will be responsible for supporting SEC examinations and ensuring compliance with rules like 15c3-1 and 15c3-3.
• GRC tooling: The position involves using Governance, Risk, and Compliance tools to improve the effectiveness of operational controls.
• AI-enabled review processes: This role will drive the use of advanced tooling, including AI, to enhance control effectiveness and automation.

Who this role suits

• Someone with over seven years of experience in back-office operations for a clearing broker-dealer or similar control functions.
• An individual who has held leadership roles in operations control, clearing operations, or financial control.
• A person comfortable working independently and capable of clearly communicating findings to various stakeholders.
• Someone with hands-on knowledge of specific SEA Rules, margin rules, and FINRA codes.

From the employer

• Design, implement, and maintain the Ops Control framework across back-office operations.
• Oversee ICOC review design, testing, and documentation.
• Independently verify and resolve operational issues within defined timeframes.
• Maintain a centralized controls inventory and monitoring hub.
• Conduct thematic reviews to identify systemic control weaknesses.
• Lead Ops Control exam preparedness for audits and examinations.
• Partner with Product and Engineering to incorporate operational control considerations.
• Drive automation and use of advanced tooling to improve control effectiveness.

• 7+ years of experience in clearing broker-dealer back-office operations or related control functions.
• Leadership experience in Ops Control, Clearing Operations, or Financial Control.
• Hands-on knowledge of SEA Rules 15c3-1 and 15c3-3, margin and rehypothecation rules, FINRA Uniform Practice Code.
• Proven ability to identify, test, and challenge operational controls.
• Experience supporting FINRA and SEC examinations.
• Clear communicator able to summarize findings for stakeholders.
• Comfortable operating independently in a fast-paced environment.

• 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