Product Manager - Brokerage

What You'll Walk Into You won't be starting from zero. You'll be owning live problems:

• Saudi limited live: scaling from initial market access to full product coverage while meeting CMA and Tadawul requirements.
• The rest of the Saudi roadmap: prioritizing and delivering the next wave of brokerage capabilities across equities, Sukuk, ETFs, and regional market needs.
• Saudi derivatives: defining and launching derivative product offerings compliant with local market structure and regulation.
• Saudi direct connectivity: building and owning connectivity to Tadawul and regional infrastructure, reducing reliance on intermediary paths.
• Saudi broker partnerships: evaluating, onboarding, and integrating local brokers to expand coverage and resilience.
• Saudi securities lending business: growing the securities lending product line for the Kingdom.
• All of the above for the UAE: replicating and adapting the Saudi playbook for the Emirates market, including local regulatory alignment and partner integrations.
• Sharia-compliant products across Alpaca: owning the product strategy and delivery for Islamic finance offerings, ensuring Sharia-compliant structures are embedded across regional and global product surfaces.
• Regulatory and stakeholder complexity: engagements with CMA, Tadawul, Edaa, and other regional regulators, plus coordination between Alpaca's global platform and KSA/GCC market infrastructure.

Things You Get To Do

• Own brokerage products tailored for the Saudi and GCC markets, including equities, Sukuk, ETFs, derivatives, and Sharia-compliant solutions.
• Drive brokerage product strategy by analyzing ROI, regional market competition, regulatory requirements, and build-vs-buy scenarios.
• Contribute to the product roadmap with a focus on CMA-compliant features, Sharia-compliant solutions, and regional market needs.
• Write product requirements and work with engineers to execute programs that meet local regulatory and market standards.
• Improve brokerage operation efficiency by providing solutions and owning the metrics, with a focus on regional settlement, custody, and clearing workflows.
• Lead customer calls around brokerage process and product issues to gain insights and translate them into product improvements for GCC clients.
• Participate in engagements with the CMA, Tadawul, Edaa, and other regional regulators to drive product strategy and ensure regulatory alignment.
• Report timely and accurately on product status and results to internal and external stakeholders, including regional partners and institutional clients.
• Collaborate with local operations teams to ensure seamless integration between Alpaca's global platform and KSA/GCC market infrastructure.

Desired Candidate Profile

• Excited about what Alpaca is building and passionate about expanding financial infrastructure across the GCC.
• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 5+ years of experience in Product Management, Engineering, Consulting, and/or starting a startup, preferably within financial services or fintech.
• Demonstrated interest and experience in brokerage, capital markets, or fintech within the Saudi or GCC region.
• Strong understanding of the CMA regulatory framework, Tadawul market structure, and GCC capital markets landscape.
• Strong communication skills in both Arabic and English, both written and verbal, with excellent collaboration abilities.
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints.
• Experience and background working on and developing brokerage products in the Saudi or GCC markets.
• Technical background working with APIs, particularly in financial services or trading platforms.
• CME-1 or other CMA-recognized professional certifications.
• Experience working with Qualified Foreign Investor (QFI) programs or cross-border investment products.
• Familiarity with Sharia-compliant product structures and Islamic finance principles.
• Experience working at a fintech, startup, or CMA-authorized institution.