Prime Services Operations, Vice President

Who we are looking for The Prime Services Operations Vice President is a leadership role 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. This role ensures accurate trade processing, proper collateralization, asset servicing, risk mitigation, and regulatory compliance, while leading a global team 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 a Prime Services Operations Vice President you will lead – 1. Trade & Transaction Management 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, like cash dividends, and mandatory/voluntary corporate actions, monthly billing processes 2. Collateral Management 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, collateral disputes Assist in optimizing collateral usage across funding, risk, and trading desks Intraday and End of Day collateral sufficiency monitoring 3. Risk & Control 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 KRI’s to reduce and/or eliminate risk to Prime Services, State Street, and its clients 4. Regulatory Compliance Ensure all Prime Services operational processes comply with relevant regulations, internal policies, and industry standards