Product Manager - Brokerage - Middle East

Who We Are:

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.
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 10 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 $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.
Our Team Members:

We're a dynamic team of 400+ 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.

Your Role:

Alpaca is building the infrastructure layer that partners across the Gulf use to launch and scale brokerage products. We're expanding our footprint in Saudi Arabia and the UAE — with live market access, a growing regional roadmap, and ambitions across derivatives, direct connectivity, securities lending, and Sharia-compliant offerings. We're hiring a Product Manager to own that expansion end-to-end: define the strategy, ship the products, and work with regulators, partners, and internal teams to make Alpaca the brokerage platform of choice across the Kingdom and the wider GCC.

We're seeking a Product Manager to define and drive new product initiatives and manage a portfolio of existing products across the Saudi and GCC markets. With a deep understanding of the regional regulatory landscape, including CMA, Edaa, Tadawul, and GCC financial market frameworks, you will shape the product strategy that enables Alpaca to scale its brokerage infrastructure across the Kingdom and the wider Gulf region, in line with Saudi Vision 2030 and the region's rapidly evolving capital markets.

This role is equal parts strategy and delivery. You'll decide what we build versus buy, how we sequence the regional roadmap, and which partnerships and connectivity paths get us there — and then ship the brokerage features, integrations, and operational workflows that partners and institutional clients depend on every day.

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.

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Who You Are (Must-Haves)

• 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.

Who You Might Be (Nice-to-Haves)

• 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.

How We Take Care of You:

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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