Securities Lending Operations Associate

Your Role:

Alpaca is seeking a detail-oriented and proactive Securities Lending Operations Associate to join our dynamic team. In this role, you will be responsible for supporting the daily operations of the securities lending business, including trade processing, settlement, collateral management, and regulatory reporting. You will play a key role in ensuring the smooth execution of lending transactions, managing operational risk, and maintaining relationships with counterparties, custodians, and internal stakeholders.

Key Responsibilities:

• Execute and manage daily securities lending transactions, ensuring accurate trade capture, confirmation, and settlement within established timelines.
• Monitor and manage collateral requirements, including the allocation, movement, and reconciliation of collateral to meet counterparty obligations and mitigate credit risk.
• Perform daily and monthly reconciliations and contract comparisons of securities positions, cash, interest rate and collateral balances with counterparties, custodians, and internal systems to ensure data accuracy and resolve discrepancies.
• Ensure all securities lending activities adhere to relevant regulatory requirements and internal policies, preparing and submitting required reports to regulatory bodies.
• Identify, monitor, and mitigate operational risks associated with securities lending activities, escalating issues to senior management when necessary.
• Monitor, process and communicate recalls to the trading desk in a timely manner.
• Monitor, process and communicate borrow return and loan return functions in a time-sensitive manner.
• Perform buy-in processes pursuant to recalls and buy-in processes pursuant to SEC Rule 204 to meet regulatory requirements in a timely manner.
• Maintain effective communication and relationships with counterparties, brokers, custodians, and internal teams (trading, compliance, risk management) to facilitate smooth operations and resolve any issues.
• Continuously evaluate and enhance operational processes to improve efficiency, reduce risk, and support business growth, including automation and system upgrades.
• Analyze securities lending data to generate insights, produce regular and ad-hoc reports, and support management in decision-making processes.
• Provide ad hoc technical support to other members of the brokerage operations team.

Qualifications:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
• 2-4 years of experience in securities lending, trading operations, or a related field within financial services.
• Strong understanding of securities lending mechanics, trade lifecycle, and collateral management.
• Proficiency with Loanet, DTCC required, and strong experience with reconciliation tools. 
• Excellent analytical skills and attention to detail, with the ability to identify and resolve issues promptly.
• Strong communication and interpersonal skills, capable of building relationships with both internal and external stakeholders.
• Ability to work under pressure in a fast-paced environment and manage multiple priorities effectively.
• Familiarity with regulatory requirements related to securities lending, such as SFTR, Rule 204 and Rule 15c3-3 is a plus.

Why Join Us:

At Alpaca, we offer a collaborative and supportive work environment where you can contribute to shaping our securities lending operations and driving our growth in the global markets. You will have the opportunity to work closely with experienced professionals in the financial industry and grow your skills in a challenging yet rewarding role. If you are passionate about financial technology and eager to make an impact, we encourage you to apply and become part of our team.