Who we are looking for
We are looking for a Collateral Management Operations manager, who has at least 5 years of experience of middle office collateral management, able to lead a team of 3-5 to run the operation of Collateral Management for our client. You will interact internally with Global Delivery Middle Office Operations teams as well as the Client Middle Office Operation teams and Operation Oversight Managers to complete the collateral management and processing for assigned portfolios. The candidate must exhibit a strong understanding of Collateral Management Operations specific to Bilateral OTC, Cleared Swaps, Exchange Traded Derivatives, TBA, Repo, dispute resolution, fails management, and reconciliation. The role will be based on State Street Irvine office and traveling to the client office at downtown Los Angeles in short term is also required.
Why this role is important to us
The team you will be joining is a part of State Street Global Delivery. Global Delivery helps our clients achieve better investment outcomes by serving as the foundation of our organization. We perform all operational functions required to produce the back and middle office products and services that clients have contracted with State Street to provide while managing risk. Our services include custody, accounting, fund administration, transfer agency, middle office and cash processing services for asset managers, asset owners, alternative investors and insurance companies across the full range of asset classes.
What you will be responsible for
As an Assistant Vice President of Collateral Management Operations, you will
Monitoring the daily collateral processing, margin exchange, and be able to cover the daily process, including issuing and responding to margin calls, if needed.
Lead the team to resolve the collateral dispute.
Lead the team to monitor and refine the reconciliation, identify and manage the collateral settlement fails in a timely manner.
Establish checklists, procedures and best practices for collateral management team associates.
Coordinate team activities including problem resolution, coverage and escalations
Train the team on core skills and knowledge to be successful in collateral management operations
Provide inquiry and operational support to internal and external clients on collateral management functions on behalf of the team
Work independently and with the team to establish firm and well-tested controls and procedures
Implement and support client-specific service requirements; understand the client’s operational process and enhances the service accordingly
What we value
These skills will help you succeed in this role
Self-Starting, meticulous and detail oriented
Ability to organize complex data into digestible ideas and manage team organization
Strong verbal and written communication, interpersonal and customer service skills
Ability to evaluate a detailed workflow process and work with business stakeholders to develop and improve processes, including prioritization and execution of initiatives
Ability to handle stress and tight deadlines
Education & Preferred Qualifications
Bachelor’s degree is required
CFA and MBA are a plus
5+ years of work experience with direct experience in Collateral Management, Custody Operations or Derivative Operations
Proficiency with Aladdin, TriResolve, and Acadia is preferred.
Additional requirements
Minimal holiday or weekend limited coverage responsibilities
Travel to Client’s office in downtown Los Angeles 2-3 days a week as required.
Salary Range:
$80,000 - $140,000 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
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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