Product Manager, Money Movement & Settlements

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 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! 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. Who We’re Looking For We’re seeking a Product Manager, Money Movement & Settlements to own one core sub-surface of Alpaca’s money-movement and settlements stack end-to-end - a funding rail (US ACH / wires / RTP / FedNow, or non-US regional rails), a settlement workflow (JIT, instant funding, prefunding, post-trade), or an ancillary product (HY Cash, FPSL). Partners and developers are your primary customers; you ship API-driven money-movement and settlement capabilities that they actually adopt.This role sits at the intersection of regulated payments execution and developer experience. You’ll go deep on one part of the stack, shipping at production cadence in parallel with compliance, treasury, and legal. You’ll work closely with engineering, broker-dealer operations, treasury, compliance, legal, partnerships, and the other PMs in the area. Success is measured by partner adoption and production usage of your surface - not by ship dates or volume of documentation alone. Things You Get To Do Own one core money-movement or settlement sub-surface end-to-end (a funding rail, a settlement workflow, or an ancillary product) - drive prioritization, API design, and rollout inside your surface. Run discovery with partners and prospects against real integration constraints, translate findings into a sequenced backlog for your surface, and push back on requests that don’t fit the platform without over-promising. Ship to production at the cadence of a high-growth platform - write clear PRDs, align with engineering on API contracts, and produce documentation partners can implement against. Partner with compliance, treasury, and legal on product decisions that touch licensing, AML, screening, settlement rules, and reconciliation - comfortable shipping in parallel with them in a regulated environment. Improve operational efficiency in your surface - exception handling, reconciliation workflows, partner-facing tooling, automation of repetitive ops - and own the metrics. Track adoption beyond GA - settlement success rate, time-to-funding, ACH return rate, partner-reported blockers - and iterate on docs, SDK ergonomics, and rollout sequencing until your surface is actually being adopted. Report timely and accurately on product status and results to internal and external stakeholders, including pa