Lead Product Manager, Money Movement & Settlements

About this role

<div class="content-intro"><p><strong>Who We Are:</strong></p> <p>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 <a href="https://alpaca.markets/blog/alpaca-raises-150-million-at-a-1-15b-valuation-to-build-the-global-standard-for-brokerage-infrastructure/">recent Series D funding round</a> brought our total investment to over $320 million, fueling our ambitious vision.</p> <p>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.</p> <p>Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of <strong>opening financial services to everyone on the planet</strong>. 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.</p> <p>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.</p> <p> </p> <p><strong>Our Team Members:</strong></p> <p>We're a dynamic team of 380+ 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!<br><br>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.</p></div><p><strong>Who We’re Looking For</strong></p> <p>We’re seeking a Lead Product Manager, Money Movement & Settlements to own Alpaca’s money-movement and settlements product area end-to-end - JIT funding, instant funding, post-trade settlement, prefunding, US and non-US funding rails, and the ancillary products that sit alongside (HY Cash, FPSL). This is a senior product role focused on area ownership and execution, not people management - you’ll own the area roadmap and personally ship across multiple lanes in parallel, partnering with the other PMs in the area to raise the standard of work shipped across the swimlane.</p> <p>This role sits at the intersection of regulated payments, post-trade settlement, and broker-as-a-service partner economics. You’ll unify what is today a set of important but fragmented initiatives - so partners get reliable, predictable money movement, settlement that scales, and clear documentation - while we expand globally across multiple licensed entities and regional payment rails. You’re expected to provide early signal on changing global payments frameworks rather than react after rules formalize.</p> <p>You’ll work across many partner, engineering and operational teams, and you’ll represent the area in product reviews, partner exec syncs, and leadership-level discussions. Success is measured by partner adoption and production usage of money-movement and settlement capabilities - not by ship dates or volume of documentation alone.</p> <p><strong>Things You Get To Do</strong></p> <ul> <li>Own the product vision, roadmap, and success metrics for the entire money-movement and settlements area - settlements (JIT, instant funding, post-trade, prefunding), funding rails (US and non-US ACH, wires, RTP, FedNow, regional rails), and ancillary products (HY Cash, FPSL).</li> <li>Personally execute across multiple in-flight lanes in parallel - not just sequencing them from above, but shipping work yourself on the most strategically important ones.</li> <li>Rationalize how we expose money-movement and settlement APIs and internal systems - including where a single settlement surface must flex for different partner operating models, geographies, and funding flows.</li> <li>Drive build-vs-buy, partner-vs-direct, and onshore-vs-offshore tradeoffs across the area; re-sequence the roadmap under real constraints (regulator deadlines, partner asks, eng capacity).</li> <li>Partner deeply with engineering, broker-dealer operations, treasury, compliance, legal, partnerships, success, and sales to prioritize initiatives that balance regulatory risk, operational load, revenue impact, and time-to-market.</li> <li>Lead discovery with partners and prospects - understand blocking requirements, translate needs into sequenced roadmaps, push back on asks that don’t fit the platform, and communicate honest timelines and scope.</li> <li>Shape pricing and packaging inputs where money-movement and settlement products imply different operational handling - working with commercial and treasury stakeholders so what we sell matches what we can deliver and support at scale.</li> <li>Support global expansion of money-movement capabilities as Alpaca grows its regional broker-dealer footprint - including regional payment rails, FX corridors, and jurisdiction-specific rules (US / non-US).</li> <li>Define and monitor adoption across the area - settlement success rate, time-to-funding, ACH return rate, instant-funding utilization, partner-reported blockers, operational throughput; willing to sunset or rework features that don’t drive adoption…