Principal Officer PSP

Job Description

Who We Are:

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 recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.

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.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. 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.

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.

Our Team Members:

We’re a dynamic team of 230+ 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!

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.

Role Summary:

The Principal Officer shall be responsible for regulatory compliance, AML/CFT oversight,

FEMA adherence and governance of the PSP operating in IFSC, particularly in support of an

affiliated Broker-Dealer. The role ensures that all payment flows, client fund movements, and

cross-border transactions linked to brokerage operations are fully compliant with IFSCA,

FEMA, and PMLA requirements.

The Principal Officer shall act as the primary interface with IFSCA, FIU-IND, AD Banks,

and other authorities.

Key Responsibilities

1. IFSCA Regulatory Compliance

 Ensure compliance with IFSCA (Payment Services) Regulations and applicable

circulars.

 Oversee adherence to licensing conditions, capital requirements, safeguarding norms,

and operational controls.

 Ensure timely filing of regulatory returns, certifications, and supervisory responses.

 Act as the designated regulatory liaison with IFSCA.

2. Integration with IFSC Broker-Dealer

 Oversee compliant fund flows between client bank accounts, PSP systems, and

Broker-Dealer trading accounts.

 Ensure segregation and safeguarding of client funds in alignment with IFSCA and

exchange norms.

 Coordinate onboarding standards to ensure consistency in KYC/AML between PSP

and Broker-Dealer.

 Monitor risks arising from intra-group transactions and cross-entity settlements.

 Support seamless funding, margin transfers, withdrawals, and settlement processes for

trading activities.

3. FEMA & Cross-Border Compliance

 Ensure adherence to FEMA, 1999 and applicable foreign exchange regulations in

IFSC.

 Oversee structuring and documentation of cross-border transactions linked to

brokerage and investment activity.

 Coordinate with AD Banks in IFSC for reporting and reconciliations.

4. PMLA / AML / CFT Oversight

 Act as the designated Principal Officer under PMLA.

 Implement and supervise AML/CFT framework including KYC, CDD/EDD,

sanctions screening, and transaction monitoring.

 Ensure timely filing of STRs and other required reports with FIU-IND.

 Conduct periodic AML risk assessments covering payment and trading-linked flows.

5. Governance, Compliance, Risk & Controls

 Report compliance and risk matters to the Board.

 Corporate Secretarial Compliance

 Ensure implementation of Board-approved policies (AML, Risk, IT/Cybersecurity,

Outsourcing).

 Oversee internal controls, audit coordination, and remediation of regulatory

observations.

 Ensure robust reconciliation, settlement integrity, and operational risk management.

How We Take Care of You:

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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