Product Manager - Brokerage - EU

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 with our institutional-grade APIs, our platform powers broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totaling over 10 million brokerage accounts.

Our global team of 400+ members spans the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond. We are committed to core values of Staying Curious, Having Empathy, and Being Accountable.

Your Role

Alpaca is building the infrastructure layer that partners across Europe use to launch and scale brokerage products. We're expanding our EU footprint—with growing market access, a regional roadmap, and ambitions across equities, ETFs, derivatives, direct connectivity, securities lending, tax reporting, and tax-wrapper products. We're hiring a Product Manager to own that expansion end-to-end: define the strategy, ship the products, and work with regulators, partners, and internal teams to make Alpaca the brokerage platform of choice across the EU.

This role is equal parts strategy and delivery. You'll decide what we build versus buy, how we sequence the region's roadmap, and which partnerships and connectivity paths get us there—and then ship the brokerage features, tax-wrapper functionality, integrations, and operational workflows that partners and institutional clients depend on every day.

What You'll Walk Into

You won't be starting from zero. You'll be owning live problems:

• EU Market Access: Scaling from initial access to full product coverage while meeting MiFID II / MiFIR, ESMA, and local NCA requirements.
• The Rest of the EU Roadmap: Prioritizing and delivering the next wave of brokerage capabilities across equities, ETFs, and regional market needs.
• EU Direct Connectivity: Building and owning connectivity to EU venues and market infrastructure, reducing reliance on intermediary paths.
• EU Broker Partnerships: Evaluating, onboarding, and integrating local brokers to expand coverage and resilience.
• Cross-Border Complexity: Passporting, multi-jurisdiction onboarding, and coordinating between Alpaca's global platform and EU market infrastructure.
• Tax and Tax Wrappers: Building tax-wrapper account functionality (e.g. PEA / PEA-PME, ISK, PIR) and the tax surface underneath it—tax lots / cost basis, dividend withholding, WHT reclaim, and country-specific tax reporting.

Things You Get To Do

• Own brokerage products tailored for EU markets, including equities, ETFs, tax-wrapper accounts, and related regional offerings.
• Own the EU tax and tax-wrapper product surface end-to-end: wrapper eligibility and contribution rules, tax-lot / cost-basis tracking, withholding and reclaim, and local reporting files.
• Drive brokerage product strategy by analyzing ROI, regional market competition, regulatory requirements, and build-vs-buy scenarios.
• Build and execute the product roadmap with a focus on MiFID II / MiFIR-compliant features and regional market needs.
• Write product requirements and work with engineers to execute programs that meet local regulatory and market standards.
• Improve brokerage operation efficiency by providing solutions and owning metrics, focusing on regional settlement, custody, and clearing workflows.
• Lead customer calls around brokerage process and product issues to translate insights into product improvements.
• Report timely and accurately on product status and results to internal and external stakeholders.
• Collaborate with local operations teams to ensure seamless integration between Alpaca's global platform and EU market infrastructure.

Who You Are (Must-Haves)

• Excited about what Alpaca is building and passionate about expanding financial infrastructure across the EU.
• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services or fintech.
• Demonstrated interest and experience in brokerage, capital markets, or fintech within the EU.
• Strong understanding of MiFID II / MiFIR, ESMA, the EU capital markets landscape, and how member-state tax and tax-wrapper rules shape product design.
• Strong communication skills in English, both written and verbal, with excellent collaboration abilities.
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.

Who You Might Be (Nice-to-Haves)

• Experience working on and developing brokerage products in EU markets.
• Technical background working with APIs, particularly in financial services or trading platforms.
• Familiarity with CSDR, EMIR, T2S, or CSD connectivity.
• Hands-on experience shipping tax-wrapper or tax-reporting products (e.g. PEA / PEA-PME, ISK, PIR).
• Experience working with cross-border / passporting investment products.
• Additional EU language(s) beyond English.
• Experience working at a fintech, startup, or EU-authorized investment firm.