Alpaca - Financial Operations Principal

• This is an opportunity to join a Fintech startup at an exciting time! Become one of the CORE influencers in the company. • The FinOp is a key role in the finance team and responsible for overseeing the company’s financial and operational compliance to the SEC’s Net Capital Rule (Rule 15c3-1) and Customer Protection Rule (Rule 15c3-3). • The Accounting & Finance team is 100% distributed and remote.  This role will be reporting directly to the CFO. • 1. Financial Oversight and Reporting • Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly. • Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times. • Ensure timely filing of financial statements and supplemental reports, including annual audited financials. • Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers. • 2. Regulatory Compliance • Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection). • Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements). • Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies. • 3. Internal Controls and Risk Management • Design and maintain adequate internal controls to safeguard customer and firm assets. • Supervise systems to prevent and detect errors or fraud in financial reporting. • Supervision of financial operations reconciliations of firm and customer related bank accounts and back office ledger • Partner with Operations and Finance to supervise day-to-day accounting • Supervision and/or preparations of source entries and original books and records for Broker-Dealer and ensure all periodic regulatory reporting requirements are met • 4. Operational Supervision • Oversee clearing and settlement processes, especially for self-clearing or carrying firms. • Monitor cash and securities movements to ensure compliance with custody rules. • Supervise margin calculations and related risk exposure. • 5. Audits and Liaison Work • Coordinate the annual independent audit of the firm’s financials. • Act as liaison to auditors, regulators, and clearing firms on financial and operational issues. • 6. Strategic and Managerial Input • Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.