Chief Risk Officer, Broker Dealer

Your Role:

As the Chief Risk Officer, Broker Dealer Oversight for Alpaca Securities LLC, you’ll partner with the COO, CCO, and the rest of the brokerage leadership team to develop and drive to completion processes for both oversight and quality control of all brokerage operations functions. You will implement risk monitoring and establish key risk indicators to facilitate ongoing monitoring of all business aspects.

Another critical aspect of this role will be Issues Management. This will include setting up the framework to identify issues posing a risk to the firm. You will ensure that these issues are properly risk-rated and prioritized so that they can be addressed effectively. This means working closely with Product, Product Ops, and the Engineering teams. Progress on issues will be reported out to Alpaca leadership on at least a monthly basis.

Alpaca Securities maintains a distributed, remote work environment. This role will report directly to the President of Alpaca Securities LLC.

Things You Get To Do:

• Developing, maintaining and adapting Key Risk Indicators (KRIs) as the business evolves and scales
• Performing independent reviews and stress testing
• Designing policies and control frameworks
• Assessing new products or business changes
• Providing 2nd line of defence challenge to front-office risk management
• Identify and manage risks to the organization, its employees, stakeholders, assets, and operations, and develop risk management strategies, objectives, and policies that establish the framework, tools, and procedures to achieve successful risk identification and management within best practice standards.
• Be the primary owner for Risk and Control Self-Assessment (RCSA) and internal testing program.
• Be the primary owner for due diligence related to onboarding and offboarding of correspondents/partner firms.
• Research incidents and issues with the appropriate person(s) and document from identification to resolution.
• On an ongoing basis, recommend and implement changes to firm policies and procedures as necessary.
• Provide guidance and training to promote risk control awareness, ownership and accountability.
• Monitor and analyze risks within the business units, including losses due to unsecured debits, and effectively provide reports to the Firm’s Risk and Controls Committee.
• Engage and develop effective working relationships to support cooperative responses to risk management matters and issues.
• Assumes responsibility for special projects; gathers data and prepares reports for senior management, auditors and other personnel.

Who You Are (Must-Haves):

• Bachelor's degree or Associate’s degree in Law, Finance, Business or related discipline or the equivalent combination of experience and education.
• 8+ years of experience with a regulator or at a broker-dealer in the financial services industry.
• FINRA Series 7 and 24 (an ability to get Series 4 within 3 months from start date)
• Working knowledge of investment products and services offered by a broker-dealer and the related SEC and FINRA rules and regulations.
• Ability to keep issues appropriately confidential.
• Strong attention to detail, accuracy and reliability with the ability to thrive in a fast-paced environment.
• Experience in implementing and maintaining policies and procedures.
• Ability to work effectively and collaboratively across multiple teams in a remote work environment.
• Self-starter with the ability to work independently under minimal supervision.
• Must possess the ability to adapt to a changing business and regulatory environment.
• Must be able to handle stressful situations while maintaining a calm and professional demeanour.
• Enjoy challenges and take ownership of new responsibilities as required.