# Settlements Associate

**Company:** [Alpaca](https://hotfix.jobs/companies/alpaca)
**Location:** Remote
**Role:** Other
**Experience:** 3+ years
**Skills:** global equity settlement, trade reconciliation, cash reconciliation, position reconciliation, swift messaging, dtcc, euroclear, bny nexen, SQL, Metabase, sec regulations, finra regulations, series 99, sie exam
**Posted:** 2026-07-21

> Own end-to-end global equity settlement, trade exception management, cash/position reconciliations, and operational risk controls for a broker-dealer. Requires 3+ years brokerage operations experience, knowledge of international settlement practices, SWIFT, DTCC, and regulatory compliance (must hold or obtain Series 99).

## Job Description

## Global Equity Settlement
Own the end-to-end global equity settlement process, partnering with custodians, counterparties, and internal stakeholders to ensure timely and accurate settlement across multiple international markets.
Ensure transactions are accurately recorded across internal and external systems.
Monitor daily settlement activity and proactively identify transactions at risk of failing.
Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.
Review buy-ins, settlement penalties, and aged fails while coordinating remediation efforts.
Monitor trade matching through SWIFT and settlement platforms.

## Trade Exception Management
Investigate and resolve trade mismatches, including settlement instruction discrepancies, quantity and price differences, allocation issues, counterparty booking errors, FX and market-specific settlement exceptions.
Partner closely with trading, finance, compliance, counterparties, and custodians to drive timely resolution.
Escalate complex settlement discrepancies and operational risks to the Director of Brokerage Operations.

## Cash & Position Reconciliations
Perform daily reconciliations of securities positions and cash balances across multiple global markets and currencies.
Investigate and resolve cash and stock reconciliation breaks between internal ledgers and external custodians.
Produce reconciliation reports identifying money differences, position discrepancies, and operational exceptions.
Ensure all reconciliation breaks are researched, documented, and resolved within established service levels.

## Operational Risk & Regulatory Controls
Ensure operational processes comply with applicable SEC, FINRA, and global market regulations.
Support compliance with SEC Rule 15c3-3.
Identify operational risks and escalate issues that may impact clients, settlement, or regulatory obligations.
Maintain complete and organized operational records supporting audits, examinations, and regulatory reviews.
Assist with Internal Audit requests, regulatory examinations, and remediation efforts.

## Reporting & Process Improvement
Produce timely operational reporting on settlement activity, aged fails, reconciliation breaks, and operational metrics.
Prepare work papers, operational summaries, root cause analyses, and management reporting.
Identify recurring operational issues through trend analysis and recommend improvements.
Update operational procedures, controls, and documentation.
Support implementation of policy frameworks.

## Automation & Strategic Initiatives
Partner with Engineering and Product teams to automate manual operational workflows.
Leverage SQL, Metabase, AI tools (such as Cursor and ChatGPT), and reporting platforms to enhance efficiency and analytics.
Participate in cross-functional projects supporting new products, international market expansion, and operational scalability.
Contribute to continuous improvement initiatives.

## Collaboration
Work cross-functionally with Brokerage Operations, Trading, Finance, Compliance, Engineering, and Customer Operations.
Foster an environment of teamwork, accountability, and continuous learning.
Support department initiatives and perform additional responsibilities as needed.

## Requirements
- 3+ years of experience supporting brokerage operations with a focus on global equity settlements.
- Strong understanding of securities settlement lifecycles within a broker-dealer or carrying firm.
- Experience working with third-party clearing firms and global custodians.
- Knowledge of U.S. broker-dealer operations and financial industry regulations.
- Familiarity with BNY Nexen or similar global custody settlement platforms.
- Working knowledge of SWIFT settlement messaging (MT54x series), Euroclear, DTCC, and international settlement practices.
- Experience settling securities across global markets, including Europe and Asia (Hong Kong, South Korea, and other international markets).
- Strong expertise performing cash and position reconciliations across multiple currencies and markets.
- Experience investigating trade mismatches and collaborating directly with counterparties to resolve settlement issues.
- Ability to analyze operational data, identify trends, and make sound decisions.
- Excellent written, verbal, and interpersonal communication skills.
- Strong organizational skills with exceptional attention to detail.
- Ability to manage multiple priorities while working independently in a fast-paced environment.
- Comfortable working remotely while collaborating across distributed teams.
- Working knowledge of SQL, Metabase, or similar reporting and data analysis tools.
- Proficiency with Microsoft Office and Google Workspace.
- Adaptability to evolving regulatory requirements and business priorities.
- Possess the Securities Industry Essentials (SIE) Exam and Series 99 license (or higher), or obtain the Series 99 within 180 days of hire.

## Nice-to-Haves
- Associate's or Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline.
- Five or more years of experience in brokerage operations, reconciliation, settlements, accounting, banking, or financial services.
- Experience with DTCC U.S. equity settlement processing.
- Knowledge of tokenized securities or digital asset settlement.
- Experience using AI-powered productivity tools (Cursor, ChatGPT).

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