Broker/Dealer Margin Manager, Vice President

State Street•Jersey City, NJ

1d•$120,000 - $202,500

About The Position

The Broker/Dealer Margin Manager, Vice President, leads margin and trade-processing operations for State Street Markets. The role oversees daily margin activity, post-trade processing, reconciliations, controls, and service delivery for institutional clients across international equity and fixed income products. It provides guidance to operational teams, ensures work is completed accurately and on time, and establishes procedures for new workflows and products while minimizing operational risk. The manager works with Trading, Credit, Legal, Compliance, Operations, technology, product development, counterparties, and executing brokers to resolve discrepancies, maintain effective business flows, and implement system changes. The position also contributes to operational strategy and product development, promotes automation and efficiency, supports business continuity and audit readiness, and serves as an escalation point and expert resource for operational matters.

Requirements

At least 5 years of securities-industry experience working with equity and fixed income instruments in a broker-dealer margin department.
At least 5 years of experience working in Margin.
Experience with operations application updates and projects related to trade-processing middle-office functions.
Experience with risk controls and establishing procedures for new workflows and products.
Bachelor's degree or equivalent.
Series 99, 24, or 27.
Ability to proactively identify, analyze, and solve problems.
Proven time-management skills.
Ability to manage under pressure, meet deadlines, and handle high volumes of work.
Proven written and verbal communication skills.
Ability to learn and develop, including identifying and addressing department needs.
Ability to think creatively, solve problems, and promote solutions.
Proven knowledge of industry systems and best practices.
Very good understanding of financial market activities and transactions.
Strong problem-solving, customer-service, communication, and organizational skills.
Ability to manage complex tasks and promote the development of industry knowledge and skills.

Responsibilities

Calculate and issue daily margin calls.
Reconcile collateral and resolve fails and discrepancies.
Lead the margin operations team and enforce compliance.
Provide reporting and analytics to internal and external stakeholders.
Collaborate with Trading, Credit, Legal, and Compliance.
Drive automation and improvement of margin workflows.
Coordinate post-trade management for institutional clients across international equity and fixed income transaction products.
Promote, create, and implement policies and procedures.
Coordinate resolution of trade-processing discrepancies with counterparties.
Manage break resolution with executing brokers.
Manage corrections to trading application static data to support straight-through processing of street-side trade matching and allocation.
Work with Trading and Settlements to correct trade records and mitigate failed trades.
Reconcile daily activity and currency balances in firm accounts.
Contribute to Operations strategy and product development for the group.
Work with Technology and Product Development to ensure future system changes and enhancements are fully tested and documented.
Create and analyze methods to proactively identify data discrepancies.
Serve as an expert resource on the group's operational needs and an escalation point for internal and external queries.
Interface with traders, Compliance, Operations, and other areas within State Street Markets to ensure efficient business flows and controls.
Oversee business continuity responsibilities, including offsite testing and updates to plans and procedures.
Participate in internal committees or industry groups to promote operational efficiencies and enhance knowledge.
Promote the use of technology to improve efficiency, mitigate operational risks, and reduce operating costs.
Work with management to support favorable audit ratings.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other optional additional coverages.
Paid time off, including vacation and sick leave, short-term disability, and leave for family-care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with exclusions for certain sales roles.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.