Director, Corporate Actions

This is a fully remote position, open to applicants in United States.

📋 Description

• Take full ownership of the Global Corporate Actions function across both U.S. and international markets.

• Lead the Corporate Actions team in managing mandatory and voluntary events, such as dividends, splits, mergers, exchanges, tenders, rights, redemptions, spin-offs, elections, and changes in the security lifecycle.

• Establish and oversee a supervisory framework that includes maker-checker standards, control gates, reconciliations, exception management, escalation thresholds, and evidence of review.

• Ensure the processing is accurate and timely, adhering to necessary supervisory and system checks.

• Manage significant Corporate Actions incidents from initial containment through to root cause analysis, remediation, and the implementation of permanent controls or system enhancements.

• Collaborate with leaders in Security Master, Trading, Ledger, Product, Engineering, and Operations to eliminate recurring failure modes and enhance front-to-back controls.

• Drive initiatives for automation, observability, reconciliation, and exception tooling to minimize manual processing and enhance scalability.

• Develop a unified global operating model that encompasses various markets, custodians, depositories, currencies, tax regimes, deadlines, and local market conventions.

• Foster the growth of the Corporate Actions team, deepen subject-matter expertise, ensure succession planning, and decrease reliance on tribal knowledge.

• Implement controls over event terms, Security Master data, eligible positions, expected entitlements, elections, withholding, cash, stock, fractions, and exceptions.

• Ensure that customer-impacting events are pre-processed and reconciled ahead of market or payment deadlines.

• Supervise the controlled booking of entitlements, including retries, reversals, manual adjustments, and exception management.

• Ensure accurate propagation of bookings across Back Office, Front Office, Security Master, Ledger, Trading, margin, buying power, and customer positions.

• Design controls to prevent customers from trading on incorrect post-event positions, symbols, or quantities.

• Mandate post-processing reconciliation with internal books and records, custodians, depositories, paying agents, and other authoritative sources.

• Define approval thresholds, tolerances, escalation standards, supervisory evidence, event closure requirements, and management reporting.

⛳️ Requirements

• 8+ years of experience in Corporate Actions within a broker-dealer, clearing firm, custodian, bank, or similar financial institution.

• Previous leadership experience in managing a Corporate Actions or securities operations team.

• Extensive hands-on expertise in mandatory and voluntary Corporate Actions, including dividends, reorganizations, splits, mergers, tenders, rights, redemptions, elections, entitlements, and security lifecycle events.

• Strong understanding of U.S. market infrastructure, particularly DTCC/DTC Corporate Actions processes.

• Significant international Corporate Actions experience across various markets, custodians, currencies, withholding regimes, and local conventions.

• In-depth knowledge of how Corporate Actions bookings flow through broker-dealer books and records, position systems, front-office trading systems, margin, and customer-facing balances.

• Proven understanding of the risks that arise when Security Master, back-office positions, and front-office tradability are not aligned during effective-date events.

• Experience in a retail brokerage or clearing environment that necessitates pre-processing with robust pre-reconciliation controls prior to final depository confirmation.

• Demonstrated ability to design and supervise maker-checker controls, reconciliations, exception management processes, and operational risk frameworks.

• Proven ownership of high-risk production functions with exposure to financial, customer, trading, settlement, margin, or regulatory aspects.

• Strong discipline in incident management and a track record of implementing permanent process and technology improvements.

• Ability to critically assess control designs, identify structural weaknesses, and ensure accountability for remediation among teams.

• Strong capability to collaborate with Product and Engineering teams, translating operational risks into scalable system requirements.

• Clear and concise communication skills with senior leadership, partners, auditors, regulators, custodians, and technical teams.

• Comfortable working independently in a fast-paced, technology-driven, high-growth environment.

• Alignment with Alpaca’s core values: Stay Curious, Have Empathy, Be Accountable.

🏝️ Benefits

• 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