Brokerage Operations Associate I - ACATS

Alpaca
United States
Workplace: RemoteFull timeFunction: Business OperationsSkills: ["Attention to detail","Written communication","Verbal communication","Independent work","Collaboration"]

Own day-to-day ACATS and non-ACATS transfer processing within industry timelines, validating information and controls across the full transfer lifecycle. Handle DTC/FOP transfers, reject paths, and communications with contra firms, transfer agents, and partner brokers. Run mass account transfers and conversions, partner with engineering to automate self-clearing workflows, and use root-cause and trend analysis to improve the control framework while serving as the transfers subject matter expert.

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FursaFursa
Alpaca
Alpaca
1 day ago

Brokerage Operations Associate I - ACATS

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Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 5 hours agoStatus: Live
Reposted: similar role first listed 2 months ago

Job Summary

Own day-to-day ACATS and non-ACATS transfer processing within industry timelines, validating information and controls across the full transfer lifecycle. Handle DTC/FOP transfers, reject paths, and communications with contra firms, transfer agents, and partner brokers. Run mass account transfers and conversions, partner with engineering to automate self-clearing workflows, and use root-cause and trend analysis to improve the control framework while serving as the transfers subject matter expert.
Location: United States
Workplace: Remote
Employment Type: Full time
Job Function: Business Operations
Seniority: Mid level

Key Responsibilities

  • •Process daily incoming and outgoing ACATS transfers within industry timelines, validating client information, contra accounts, and asset eligibility across the transfer lifecycle.
  • •Process DTC/FOP transfers, ACATS Free Deliveries, Fail Reversals, and nonstandard transfer types (PTR, PTD, RCL, RCR, FRV, MFC, PTF).
  • •Identify irregularities and execute correct reject paths while applying controls to prevent errors.
  • •Coordinate with contra firms, transfer agents, and partner brokers on rejections, accelerations, reclaims, and documentation.
  • •Serve as the transfers subject matter expert and partner with engineering to automate daily self-clearing workflows.

Pay and Benefits

Equity and Bonus:Equity
Perks:Health InsuranceEquityHome OfficeMonthly Stipend

Key Requirements

  • •2+ years of ACATS experience using industry portals, with strong understanding of the ACATS cycle, status progression, and timing requirements.
  • •Working knowledge of NSCC/DTCC rules and FINRA Rule 11870, including standard vs. nonstandard transfer flows.
  • •Knowledge of U.S. broker-dealer back-office operations, including DTC settlements, FOP transfers, Fund/SERV, and contra account formats across major broker-dealers.
  • •Ability to identify documentation and processing irregularities, draw logical conclusions, and outline corrective measures.
  • •Possess the SIE and Series 99 (or achieve a passing result on Series 99 within the first 180 days).
Experience:FintechBrokerageFinancial services
Skills:Attention to detailWritten communicationVerbal communicationIndependent workCollaboration
Certifications:SIESeries 99Series 7
Tech Stack:ACATSNSCCDTCCFINRA Rule 11870DTCFOPFund/SERVSQLMetabaseGoogle DocsMicrosoft document solutionsTicketing systems

Company Brief

Alpaca
Provides developer-first APIs and brokerage infrastructure for algorithmic and automated stock trading, enabling fintechs and developers to build trading applications with commission-free market access and custody services.
Industry: Fintech Infrastructure
Company Size: Medium (51 to 250 employees)
Growth: Scaleup
Funding: Series C
Headquarters: San Mateo, United States
Founded: 2015
WebsiteLinkedIn