Financial Risk Manager

The posting, as Alpaca wrote it

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.

Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.

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, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.

Our Team Members

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

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. This role is responsible for building out Alpaca's liquidity risk infrastructure from the ground up. You will establish daily liquidity reporting, streamline data pipelines, implement intraday monitoring and stress testing capabilities, develop longer-term and Monte Carlo-based stress testing frameworks, and build the alerting and controls needed to support Treasury decision-making as Alpaca launches new products and expands into new markets.

While the title reflects managerial scope over liquidity risk and stress testing workstreams, this is primarily an individual contributor role with opportunity to grow into broader leadership as the function matures.

What You'll Do

Key Priorities

• This role will be responsible for buildi

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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
• Experience with intraday liquidity monitoring, stress testing, or real-time risk reporting
• Familiarity with Monte Carlo simulation techniques or probabilistic risk modeling
• Familiarity with Treasury operations, cash management, and funding workflows in a regulated environment
• Working knowledge of risk governance concepts and how Treasury and Risk functions interact in a broker-dealer setting
• Proficiency in SQL and Python (or similar) for data analysis, pipeline development, reporting automation, and working with large datasets
• Strong attention to detail and ability to produce clear, well-structured analysis for senior stakeholders
• Comfortable working cross-functionally in a fast-paced, remote-first startup environment

Who You Might Be (Nice-to-Haves)

• Experience at a self-clearing broker-dealer or carrying/clearing firm
• Experience building alerting, monitoring, or controls frameworks from scratch
• Exposure to SPAN, TIMS, or margin methodologies and their liquidity implications
• Familiarity with crypto/digital asset liquidity risk or 24/5 trading environments
• Experience supporting SEC/FINRA examinations or internal audit requests
• Knowledge of international regulatory frameworks across Alpaca's global subsidiaries
• FRM, CFA, or similar certification (or in progress)
• Prior experience in a high-growth fintech where processes and frameworks are still being built

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

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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