Financial Risk Manager - Alpaca

Who We Are

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Serving hundreds of financial institutions across 40 countries, our institutional-grade APIs power broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totaling over 10 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals working to open financial services to everyone on the planet. Alpaca is proudly backed by $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, and Y Combinator.

Your Role

Alpaca is growing its Treasury function as we scale our product suite, global footprint, and self-clearing operations. We are looking for a Financial Risk Manager to support the development and day-to-day execution of Alpaca's liquidity risk monitoring and stress testing program.

This is a hands-on, analytical role for someone who wants broad exposure across Treasury, Finance, Operations, and Risk. You will work closely with the Head of Treasury and partner cross-functionally to help maintain sound liquidity governance and produce rigorous analysis under both business-as-usual and stressed conditions.

What You'll Do

• Build and own daily liquidity reporting, ensuring timely, accurate views of firm liquidity positions across products and legal entities.
• Design and streamline data pipelines connecting Treasury, Finance, Operations, and clearing/settlement systems using SQL, Python, and BI platforms.
• Maintain broker-dealer liquidity reporting related to SEC Rule 15c3-1 (Net Capital), SEC Rule 15c3-3 (Customer Reserve), and related FINRA/SEC requirements.
• Build and maintain real-time and intraday liquidity monitoring capabilities to track cash positions, settlement flows, margin movements, and funding needs.
• Develop and implement intraday and longer-term stress testing capabilities to assess the impact of market moves, margin calls, and customer activity spikes.
• Build and maintain Monte Carlo simulation models to capture potential liquidity outcomes under adverse conditions.
• Design alerting frameworks and controls to notify leadership of limit breaches and support liquidity risk governance.
• Provide liquidity risk input in the New Product Approval (NPA) process and contribute to ERM deliverables.

Who You Are (Must-Haves)

• 2-4 years of experience in liquidity risk, treasury, financial risk, middle office, or balance sheet analytics within a broker-dealer, bank, or fintech environment.
• Solid understanding of broker-dealer liquidity and capital requirements, including SEC Rules 15c3-1 and 15c3-3.
• Hands-on experience building or supporting liquidity reporting, data pipelines, and stress testing programs.
• Familiarity with Monte Carlo simulation techniques or probabilistic risk modeling.
• Proficiency in SQL and Python for data analysis, pipeline development, and reporting automation.
• Strong attention to detail and ability to produce clear analysis for senior stakeholders.
• Comfortable working cross-functionally in a fast-paced, remote-first environment.

Nice-to-Haves

• Experience at a self-clearing broker-dealer or carrying/clearing firm.
• Exposure to SPAN, TIMS, or margin methodologies and their liquidity implications.
• Familiarity with crypto/digital asset liquidity risk or 24/5 trading environments.
• FRM, CFA, or similar certification (or in progress).

How We Take Care of You

• 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