Director, Global Corporate Actions Operations and Oversight

Responsibilities

• Establishing controls over event terms, Security Master data, eligible positions, expected entitlements, elections, withholding, cash, stock, fractions, and exceptions.
• Ensuring customer-impacting events are appropriately pre-processed and reconciled before market or payment deadlines where settlement timing creates risk.
• Overseeing accurate, controlled booking of entitlements, including retries, reversals, manual adjustments, and exception handling.
• Ensuring Corporate Actions bookings propagate correctly across Back Office, Front Office, Security Master, Ledger, Trading, margin, buying power, and customer positions.
• Designing controls to prevent customers from trading against incorrect post-event positions, symbols, or quantities when processing or system synchronization is incomplete.
• Requiring post-processing reconciliation to internal books and records, custodians, depositories, paying agents, and other authoritative sources.
• Defining approval thresholds, tolerances, escalation standards, supervisory evidence, event closure requirements, and management reporting.
• The Director must understand how Corporate Actions failures can create broader trading, margin, settlement, and financial exposure—not simply operational breaks—and build controls accordingly.
• Lead Alpaca’s Corporate Actions organization across mandatory and voluntary events, including dividends, splits, mergers, exchanges, tenders, rights, redemptions, spin-offs, elections, and security lifecycle changes.
• Own material Corporate Actions incidents from containment through root cause analysis, remediation, and permanent control or system improvement.

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