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 internal controls testing, user acceptance testing, incident response and escalations, audit inquiries, access control management, and 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.

Key Responsibilities

• Conduct internal controls testing to evaluate the effectiveness of existing operational processes and controls.
• Perform user acceptance testing (UAT) for new code releases, applications, and processes to ensure they meet regulatory requirements and business needs.
• 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.
• Coordinate with internal and external auditors to provide documentation, respond to inquiries, and address findings related to risk management practices.
• Manage access controls for critical systems and applications, including user provisioning, role-based access control (RBAC), and periodic access reviews.
• Assist in the development and implementation of risk mitigation strategies and action plans based on identified risks and vulnerabilities.
• Collaborate with cross-functional teams to identify, assess, and mitigate emerging risks and regulatory compliance requirements.
• Prepare and present risk-related reports and metrics to senior management and key stakeholders.
• Support ad-hoc risk management projects and initiatives as needed.

Qualifications

• 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.