Risk Associate

Your Role:

We are seeking a highly motivated and detail-oriented individual to join our growing Risk Team as a Risk Associate at Alpaca Securities. We offer a collaborative and supportive work environment where you can contribute to shaping our risk management and compliance culture and furthering our commitment to operational excellence. The ideal candidate will be responsible for performing a wide range of risk-related tasks, including incident response and escalations, audit inquiries, Due Diligence and Customer Identification reviews as well as other critical tasks within our broker-dealer environment. This role requires strong analytical skills, a thorough understanding of risk management principles, and the ability to work collaboratively across departments to ensure compliance with regulatory requirements and industry best practices.

Things You Get To Do:

Due Diligence:

• Conduct initial and ongoing risk assessments of partners, vendors, and third-party service providers.
• Review due diligence documentation, including financial, operational, and compliance materials.
• Monitor and update risk scores based on predefined criteria and emerging risks.

Customer Identification Program (CIP):

• Ensure compliance with CIP requirements during account opening and onboarding processes.
• Assist in designing and improving procedures for KYC and customer due diligence (DD).
• Collaborate with relevant teams to resolve CIP-related escalations.

Incident Management:

• Act as a first responder to incidents and Sev escalations, including operational disruptions, and other risk-related events, and escalate as necessary to appropriate stakeholders.
• Support incident reporting, tracking, and escalation processes.
• Coordinate investigations of operational, compliance, or security incidents.
• Assist in conducting root cause analysis and implementing corrective and preventive actions.

General Risk Management:

• Support the development and maintenance of internal controls and risk mitigation strategies.
• Participate in risk assessments, audits, and regulatory reviews as needed.
• Assist with reporting risk metrics to senior leadership and relevant committees.
• Conduct internal controls testing to evaluate the effectiveness of existing operational processes and controls.
• Support ad-hoc risk management projects and initiatives as needed.

Who You Are (Must-Haves):

• 5+ years of experience in risk management, internal audit, compliance, or a related field within the financial services industry. 
• Bachelor's degree in finance, accounting, business administration, or a related field. 
• Strong understanding of securities broker-dealer operations, regulations, and industry best practices. 
• Excellent analytical, problem-solving, and critical thinking skills. 
• Ability to effectively prioritize and manage multiple tasks in a fast-paced environment.
• Strong communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.