Product Manager, Corporate Actions

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

Own the corporate actions product lifecycle at a rapidly scaling self-clearing broker-dealer.

Your mission is to build and operate the systems, vendor relationships, and processes that keep Alpaca accurate, compliant, and on time across every corporate action, from announcement ingestion and entitlement calculation through processing, reconciliation, and client credit. You will ensure that corporate action operations scale reliably as Alpaca adds new event types, asset classes, international markets, and partner institutions.

Over time, you will have the opportunity to grow into broader ownership across clearing and post-trade infrastructure: security master, ledger integrity, multi-market readiness, and the platform foundations that keep brokerage, custody, and books and records in sync.

Things You Get To Do

• Own Corporate Actions End-to-End: Drive the product roadmap for announcement capture, entitlement calculation, mandatory and voluntary event processing, payouts, and exception handling. Define timelines, acceptance criteria, and quality gates that ensure accurate, timely processing at scale.

• Vendor & Data Quality: Own relationships with corporate action data providers. Build announcement review workflows and establish trustworthy announcement data as a prerequisite for automation.

• Automate Safely: Design staged automation for mandatory corporate actions and pre-reconciliation.

• Operations & Observability: Deliver entitlement worksheets, partial processing (process selected accounts or correspondents while excluding problematic ones), and dashboards for processing time, load, progress, and credited amounts..

• Global & Partner Readiness: DCoordinate the corporate-action work required for newly launched international markets.

• Upstream Data Governance: Partner with cross-functional engineering teams to prevent conflicts across Security Master, brokerage, and ledger systems.

Who You Are (Must-Haves)

• Corporate Actions Domain Expertise: Deep working knowledge of brokerage corporate action processing — announcement sources, record/ex/pay dates, entitlements, mandatory vs. voluntary events. You have lived through high-volume event seasons at a broker-dealer, clearing firm, or custody/post-trade platform.

• Product Management Experience: Proven track record in Product Management or technical program management at a fintech, brokerage, or financial infrastructure company. You know how to create a roadmap, manage a backlog, and ship under hard operational deadlines.

• Clearing / Post-Trade Fluency: Enough clearing depth to reason about stock record, ledgers, settlements, and books and records.

• Cross-Functional Leadership: Exceptional ability to coordinate across Engineering, Operations, Compliance, Tax, Finance, and Legal. You can translate complex business needs into clear engineering requirements and defend prioritization decisions.

• Technical Fluency: Comfortable working with data systems, vendor feeds, reconciliation workflows, and partnering closely with engineers on observability and data integrity.

• Operating Judgment: Strong judgment to weigh risk, operational efficiency, tech feasibility, time, and budget in a regulated self-clearing environment.

Who You Might Be (Nice-to-Haves)

• Familiarity with how corporate actions feed tax reporting (cost basis, wash sales, 1099 event mapping) and Security Master tax attributes.

• Experience with B2B2C correspondent / broker-as-a-service models and partner sandbox/testing needs.

• AI-native PM workflow: recurring use of tools like Cursor, Claude, ChatGPT, or custom agents in PRD drafting, incident synthesis, data exploration, and prototyping.

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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