Agency Lending Operation- Collateral & Settlements, Vice President
Who we are looking for The Agency Lending Operations Vice President is a leadership role responsible for overseeing the operational support of Agency lending activities, including settlement processes, reconciliations, and collateral management.
This role ensures accurate trade processing, proper collateralization, risk mitigation, regulatory compliance, and efficient daily operations while leading global teams and driving strategic improvements. The position also involves close collaboration with business partners to drive innovation in processes and systems to enhance efficiency, scalability, and risk management, ensuring operational solutions are closely aligned with State Street’s business objectives, industry practices, and evolving market needs.
Why this role is important to us The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to the SSM business unit.
As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for As an Agency Lending Operations Vice President you will lead - 1. Trade & Transaction Management Oversee daily processing of Agency Lending transactions across markets (Loan/Return transactions, collateralization/margin calls, bilateral and triparty transactions, cash movements) Ensure timely and accurate trade capture, confirmation, settlement, and reconciliation Partner with global custody teams on trade statuses and adjustments Manage through trade lifecycle events 2.
Collateral Management Manage initial collateral, margin calls, collateral returns, collateral disputes Work with Borrowers to ensure proper collateralization Monitor triparty and bilateral Cash/Noncash collateralization levels Work closely with corporate action teams on collateralization of new entitlements and adjustments Intraday and End of Day collateral sufficiency monitoring 3.
Risk & Control Identify and mitigate operational, settlement, and counterparty risks Ensure strong internal controls and adherence to audit requirements Investigate and resolve cash/share breaks, fails, and counterparty discrepancies Provide viable solutions and KRI’s to reduce and/or eliminate risk to Agency Lending, State Street, and its clients 4.
Regulatory Compliance Ensure all Agency Lending operational processes comply with relevant regulations, internal policies, and industry standards Support reporting requirements and regulatory audits Participate 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 5.
Stakeholder Management Partner with Front Office, Risk, and Technology teams to understand requirements, delivering solutions that support business growth and risk mitigation Act as escalation point for operational issues working with teams to resolve and/or remove road blocks, and ensuring management transparency Maintain relationships with counterparties, custodians, and clearing agents Partner with custody teams that support trade management/settlement Manage relationships with external vendors and technology partners, ensuring optimal performance and value from third-party platforms and services 6.
Team Leadership Manage and coach operations staff and AVPs Drive performance, training, and development Promote a culture of accountability and continuous improvement 7. Process Improvement & Projects Identify emerging technologies and process improvements to drive operational efficiency, trading profitability, risk reduction, and enhanced client experience with Agency Lending 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 Education & Preferred Qualifications Bachelor’s degree in Finance, Economics, Business, or related field is preferred 12+ years of experience in financial services operations, with focus on Agency lending Strong understanding of Agency Lending products and processes (e.g., trade lifecycle management/settlement/collateral, triparty agents, vendors) What We Value These skills will help you succeed in this role 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 Additional Information Fast-paced environment High interaction with trading desks/client management, counterparties, and global custody teams Time-sensitive operations aligned with market hours About State Street 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.
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.
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