Lead Product Manager (Money Movement & Settlements)

Role overview

Lead Product Manager for Money Movement & Settlements at Alpaca. You will own the end-to-end product area covering money movement, funding rails, and post-trade settlement capabilities.

Responsibilities

• Own the product vision, roadmap, and success metrics for the entire money-movement & settlements area (settlements, funding rails, and related ancillary products).
• Execute hands-on across multiple in-flight workstreams in parallel, shipping work yourself on the most strategically important initiatives.
• Lead build-vs-buy and partner-vs-direct decisions, and manage onshore-vs-offshore tradeoffs; re-sequence the roadmap under real constraints.
• Collaborate with engineering, operations, and compliance (and other teams) to prioritize initiatives.
• Drive global expansion and measure success via partner adoption and production usage of money-movement and settlement capabilities.
• Operate as a senior IC: mentor peers, raise the quality bar, and represent the area in cross-functional and leadership forums.

Requirements

• Proven track record setting and executing an area-level roadmap across multiple in-flight workstreams (not just a single product).
• 10+ years of experience in Product Management, Engineering, Consulting, or startup experience, with senior IC ownership in regulated payments/settlements/treasury/brokerage clearing infrastructure.
• Direct experience navigating US payments and clearing regulatory frameworks, including:
  • NACHA ACH operating rules
  • Federal Reserve oversight
  • FINRA / SEC clearing and customer-protection rules
  • OFAC screening
  • AML / BSA obligations as they relate to money movement
• Experience analyzing data using SQL and a BI tool.
• Exceptional written and verbal communication; ability to run partner-facing and regulator-adjacent conversations.
• Demonstrated end-to-end ownership of money-movement or settlement surfaces at production scale.
• Hands-on regulated-product experience at the shipping and mechanical-chain layer (e.g., ACH return code handling, settlement reconciliation, exception queues), not only policy.
• Evidence of owning and shipping multiple parallel workstreams over the last 2–3 years.
• Senior posture to take over an in-flight roadmap from day one.

Nice-to-haves (explicitly called out)

• Experience with at least two of: ACH, wire, RTP, FedNow, post-trade settlement, JIT/instant funding, prefunding, FX corridors, broker-dealer clearing flows.
• Direct broker-dealer or institutional brokerage experience (e.g., Schwab, Fidelity, IBKR, Apex, Drivewealth, or correspondent-clearing equivalents).
• Experience standing up money-movement/settlement programs from scratch.
• Familiarity with B2B2C correspondent / broker-as-a-service model (partners as primary customers; retail downstream).
• Experience with DTCC, NSCC, Fedwire, or other clearing-house settlement flows.
• Familiarity with global payment rails outside the US (e.g., SEPA, FPS, regional ACH equivalents, stablecoin-rail funding).
• Ability to unify fragmented money-movement/settlement stacks behind consistent APIs and data models.
• Background in broker-dealer treasury/clearing operations (reconciliation, exception handling, regulatory reporting) and automation opportunities.
• AI-native PM workflow using tools like Cursor, Claude, ChatGPT, NotebookLM, or custom agents for PRD drafting and customer-call synthesis.