Clearing Operations Associate, Options (OCC)

The clearing back office team at Alpaca is looking for an Options Clearing Specialist to own the end-to-end option lifecycle for OCC-specific products. You will help build straight-through processing for Alpacas' homegrown self-clearing platform. In this role, you will be directly responsible for working with the responsible party to handle P&S, ACATS, OCC position recon, assignment & exercise processing, corporate actions processing, and required reg and firm reporting. Manage the complete post-trade lifecycle for listed options—clearing, reconciliation, and settlement—using OCC’s ENCORE platform. Process daily OCC activity, including trades, exercises/assignments, expiration events, and position reconciliations. Monitor real-time position reconciliation to confirm that long and short contracts align internally and externally. Monitor and resolve trade breaks, unmatched activity, and clearing discrepancies in coordination with counterparties and clearing firms. Reconcile firm and customer option positions against OCC records to ensure alignment. Confirm that corporate actions, accelerated options, cash-in-lieu processing, and like corporate events are processed promptly. Collaborate across departments for margin requirement funding, including pledging equities to reduce daily OCC requirement needs. Help fully automate ACATS, CMTAs, Spread file delivery, and LOPR reporting. Collaborate with operations, technology, and compliance teams to maintain and improve straight-through processing and exception handling. Stay on top of OCC notices, market events, and rule changes, and ensure relevant impacts are assessed and addressed operationally.