Lead Product Manager, Money Movement & Settlements at Alpaca

<div class="content-intro"><p><strong>Who We Are:</strong></p> <p>Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our&nbsp;<a href="https://alpaca.markets/blog/alpaca-raises-150-million-at-a-1-15b-valuation-to-build-the-global-standard-for-brokerage-infrastructure/">recent Series D funding round</a> brought our total investment to over $320 million, fueling our ambitious vision.</p> <p>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 9 million brokerage accounts.</p> <p>Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of&nbsp;<strong>opening financial services to everyone on the planet</strong>. 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.</p> <p>Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.</p> <p>&nbsp;</p> <p><strong>Our Team Members:</strong></p> <p>We're a dynamic team of 380+ 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!<br><br>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.</p></div><p><strong>Who We’re Looking For</strong></p> <p>We’re seeking a Lead Product Manager, Money Movement &amp; Settlements to own Alpaca’s money-movement and settlements product area end-to-end - JIT funding, instant funding, post-trade settlement, prefunding, US and non-US funding rails, and the ancillary products that sit alongside (HY Cash, FPSL). This is a senior product role focused on area ownership and execution, not people management - you’ll own the area roadmap and personally ship across multiple lanes in parallel, partnering with the other PMs in the area to raise the standard of work shipped across the swimlane.</p> <p>This role sits at the intersection of regulated payments, post-trade settlement, and broker-as-a-service partner economics. You’ll unify what is today a set of important but fragmented initiatives - so partners get reliable, predictable money movement, settlement that scales, and clear documentation - while we expand globally across multiple licensed entities and regional payment rails. You’re expected to provide early signal on changing global payments frameworks rather than react after rules formalize.</p> <p>You’ll work across many partner, engineering and operational teams, and you’ll represent the area in product reviews, partner exec syncs, and leadership-level discussions. Success is measured by partner adoption and production usage of money-movement and settlement capabilities - not by ship dates or volume of documentation alone.</p> <p><strong>Things You Get To Do</strong></p> <ul> <li>Own the product vision, roadmap, and success metrics for the entire money-movement and settlements area - settlements (JIT, instant funding, post-trade, prefunding), funding rails (US and non-US ACH, wires, RTP, FedNow, regional rails), and ancillary products (HY Cash, FPSL).</li> <li>Personally execute across multiple in-flight lanes in parallel - not just sequencing them from above, but shipping work yourself on the most strategically important ones.</li> <li>Rationalize how we expose money-movement and settlement APIs and internal systems - including where a single settlement surface must flex for different partner operating models, geographies, and funding flows.</li> <li>Drive build-vs-buy, partner-vs-direct, and onshore-vs-offshore tradeoffs across the area; re-sequence the roadmap under real constraints (regulator deadlines, partner asks, eng capacity).</li> <li>Partner deeply with engineering, broker-dealer operations, treasury, compliance, legal, partnerships, success, and sales to prioritize initiatives that balance regulatory risk, operational load, revenue impact, and time-to-market.</li> <li>Lead discovery with partners and prospects - understand blocking requirements, translate needs into sequenced roadmaps, push back on asks that don’t fit the platform, and communicate honest timelines and scope.</li> <li>Shape pricing and packaging inputs where money-movement and settlement products imply different operational handling - working with commercial and treasury stakeholders so what we sell matches what we can deliver and support at scale.</li> <li>Support global expansion of money-movement capabilities as Alpaca grows its regional broker-dealer footprint - including regional payment rails, FX corridors, and jurisdiction-specific rules (US / non-US).</li> <li>Define and monitor adoption across the area - settlement success rate, time-to-funding, ACH return rate, instant-funding utilization, partner-reported blockers, operational throughput; willing to sunset or rework features that don’t drive adoption rather than calling them done at launch.</li> <li>Raise the standard of work shipped across the money-movement and settlements area - mentor peer PMs, set quality bar, unblock adjacent teams.</li> </ul> <p><strong>Who You Are (Must-Haves)</strong></p> <p>10+ years of experience in Product Management, Engineering, Consulting, or starting a startup, with senior IC ownership in regulated payments, settlement, treasury, or brokerage clearing infrastructure.</p> <p>Demonstrated end-to-end ownership of money-movement or settlement surfaces at production scale - at least two of: ACH / wire / RTP / FedNow rails, post-trade settlement, JIT or instant funding, prefunding, FX corridors, or broker-dealer clearing flows.</p> <p>Direct experience navigating US payments and clearing regulatory frameworks - NACHA ACH operating rules, Federal Reserve oversight, FINRA / SEC clearing and customer-protection rules, OFAC screening, AML / BSA obligations as they touch money movement.</p> <p>Track record of setting and executing an area-level roadmap across multiple in-flight workstreams in parallel - not just shipping a single product.</p> <p>Proven ability to operate as a senior product owner who raises the standard around them - mentors peers, sets quality bar, represents the area in cross-functional and leadership forums without holding a manager title.</p> <p>Exceptional written and verbal communication; ability to run partner-facing conversations, regulator-adjacent forums, and internal leadership updates.</p> <p>Experience analyzing data using SQL and a relevant BI tool.</p> <p>Bachelor’s degree in computer science, engineering, finance, or equivalent.</p> <p>&nbsp;</p> <p><strong>You’ll Thrive In This Role If You Bring</strong></p> <p>Excitement about growing your impact through scope and influence across the money-movement and settlements area, rather than through team size.</p> <p>A track record of owning and shipping multiple workstreams in parallel over the last 2-3 years - not just setting vision and facilitating tradeoffs.</p> <p>Hands-on regulated-product experience at the shipping and mechanical-chain layer (e.g. ACH return code handling, settlement reconciliation, exception queues), not just the policy and framework layer.</p> <p>The senior posture to take over an in-flight money-movement and settlements roadmap from day one, without a six-month ramp.</p> <p>&nbsp;</p> <p><strong>Who You Might Be (Nice-to-Haves)</strong></p> <p>Direct broker-dealer or institutional brokerage experience - Schwab, Fidelity, IBKR, Apex, Drivewealth, or correspondent-clearing equivalents.</p> <p>Experience standing up money-movement or settlement programs from scratch, not just iterating on inherited ones.</p> <p>Familiarity with the B2B2C correspondent / broker-as-a-service model - partners as primary customers, end retail customers downstream.</p> <p>Direct experience with DTCC, NSCC, Fedwire, or other clearing-house settlement flows.</p> <p>Familiarity with global payment rails outside the US - SEPA, FPS, regional ACH equivalents, or stablecoin-rail funding.</p> <p>Experience unifying fragmented money-movement or settlement stacks behind consistent APIs and data models.</p> <p>Background in broker-dealer treasury or clearing operations (reconciliation, exception handling, regulatory reporting) and automation opportunities.</p> <p>AI-native PM workflow - recurring use of tools like Cursor, Claude, ChatGPT, NotebookLM, or custom agents in PRD drafting, customer-call synthesis, data exploration, and prototyping.</p><div class="content-conclusion"><h3><strong>How We Take Care of You:</strong></h3> <ul> <li style="font-weight: 400; text-align: justify;"><span style="font-weight: 400;">Competitive Salary &amp; Stock Options</span></li> <li style="text-align: justify;">Health Benefits</li> <li style="font-weight: 400; text-align: justify;"><span style="font-weight: 400;">New Hire Home-Office Setup: One-time USD $500</span></li> <li style="font-weight: 400; text-align: justify;"><span style="font-weight: 400;">Monthly Stipend: USD $150 per month via a Brex Card</span></li> </ul> <p><em><span style="font-weight: 400;">Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.<br></span></em></p> <p><span style="font-size: 8pt;"><a href="https://files.alpaca.markets/disclosures/AlpacaRecruitmentPrivacyPolicy.pdf"><em><span style="font-weight: 400;">Recruitment Privacy Policy</span></em></a></span></p></div>