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About the Role
This leadership role is responsible for overseeing the operational support of Prime Services borrowing and lending activities, including settlement processes, collateral management, recon, billing, and corporate action event processing. The position ensures accurate trade processing, proper collateralization, asset servicing, risk mitigation, and regulatory compliance, while leading a global team and driving strategic improvements. It also involves close collaboration with business partners to drive innovation in processes and systems to enhance efficiency, scalability, and risk management, ensuring operational solutions align with State Street’s business objectives, industry practices, and evolving market needs.
Responsibilities
- Provide governance and oversight of regional teams, functions, controls, and operating models.
- Translate business priorities and strategy from senior stakeholders into clear execution plans across teams and hubs, documenting material issues and risks appropriately.
- Track KRI, KPI, and performance against business objectives and strategic priorities.
- Assume ownership and accountability for operational hub performance, efficiency, and risk.
- Drive operational preparedness for new products, technology transformations, and regulatory changes.
- Provide executive-level reporting to communicate operational health, risks, trends, resource requirements, and improvement initiatives to senior leaders.
- Oversee daily processing of Prime Services transactions across markets (borrowing and lending transactions, collateralization/margin calls, triparty transactions, cash movements/wires, billing, and corporate actions).
- Ensure timely and accurate trade capture, confirmation, settlement, and reconciliation.
- Partner with global custody teams on trade statuses and adjustments.
- Manage trade lifecycle events, such as cash dividends, and mandatory/voluntary corporate actions, and monthly billing processes.
- Initiate and support client (borrower) side financing/collateralization waterfall, as well as Lending agent side collateralization (bilateral/triparty) processes.
- Manage initial collateral, collateral returns, margin calls, and collateral disputes.
- Assist in optimizing collateral usage across funding, risk, and trading desks.
- Monitor intraday and end-of-day collateral sufficiency.
- Identify and mitigate operational, settlement, counterparty, and corporate event risks.
- Ensure strong internal controls and adherence to audit requirements.
- Investigate and resolve cash/share internal/external breaks, fails, and counterparty discrepancies.
- Provide viable solutions and KRIs to reduce and/or eliminate risk to Prime Services, State Street, and its clients.
- Ensure all Prime Services operational processes comply with relevant regulations, internal policies, and industry standards.
- Support reporting requirements and regulatory audits.
- Participate in and track internal and external audits throughout the year, ensuring all deliverables and action items are handled timely.
- Maintain up-to-date knowledge of evolving regulatory/market changes.
- Partner with Front Office, Risk, Treasury, Finance, and Technology teams to understand requirements, delivering solutions that support business growth and risk mitigation.
- Act as an escalation point for operational issues, working with teams to resolve or remove roadblocks, and ensuring management transparency.
- Maintain relationships with counterparties, custodians, and clearing agents.
- Manage relationships with external vendors and technology partners, ensuring optimal performance and value from third-party platforms and services.
- Manage and mentor operations staff and AVPs.
- Drive performance, training, and development.
- Promote a culture of accountability and continuous improvement.
- Identify emerging technologies and process improvements to drive operational efficiency, trading profitability, risk reduction, and enhanced client experience with Prime Services products.
- Participate in system implementations and strategic transformation programs.
- Enhance scalability and efficiency of operations.
- Partner with business leaders, risk, compliance, and technology teams to understand requirements, delivering solutions that support business growth and risk mitigation.
Requirements
- Bachelor’s degree in Finance, Economics, Business, or related field is preferred.
- 8–10+ years of experience in financial services operations, with focus on Prime Services and principal trading.
- Strong understanding of Prime Services products and processes (e.g., trade lifecycle management/settlement/collateral, corporate actions, vendors).
Skills
- Leadership and team management
- Strong analytical and problem-solving abilities
- Attention to detail and risk awareness
- Excellent communication and stakeholder management
- Process improvement and project management
Experience Level
- Vice President
Education Level
- Bachelor's degree
Benefits
- Inclusive development opportunities
- Flexible work-life support
- Paid volunteer days
- Vibrant employee networks
About the Company
- Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability.
- We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
- We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential.
- As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most.
- Join us in shaping the future.
Equal Opportunity
- As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.