Trade Surveillance Analyst 1 — Financial Crimes Department

Your Role:

Alpaca is seeking a Trade Surveillance Analyst to join the Financial Crimes Department and support the firm’s market-integrity, financial-crime, and compliance surveillance program. This role will be responsible for monitoring trading activity, reviewing alerts, investigating suspicious or potentially manipulative trading behavior, and escalating matters that may involve market abuse, fraud, insider trading, wash trading, spoofing, layering, front-running, information-barrier concerns, or other suspicious trading patterns.

The analyst will use Surveyor by Trillium and Alpaca’s internal systems to conduct near real-time and post-trade reviews, identify anomalies, document investigative findings, and support internal escalations, regulatory inquiries, and matters that may require suspicious-activity reporting. The role combines strong investigative judgment, trade-surveillance expertise, AML & Fraud awareness, and the ability to operate in a fast-paced, technology-driven trading environment.

Things You Get To Do:

• Development, review, and test trade-surveillance scenarios, alert logic, escalation procedures, and control documentation
• Make sure procedures and processes are well documented, and distributed to all stakeholders. Ensuring updates are properly accounted for as needed but no less than once per year
• Monitor trading activity using Surveyor and Alpaca’s internal systems to identify potential market abuse, suspicious trading, unusual order behavior, and other conduct risks
• Review and investigate trade-surveillance alerts involving