Collateral Management Operations, Assistant Vice President

State Street•Irvine, CA

17h•Hybrid

About The Position

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.

Requirements

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.
Strong understanding of Collateral Management Operations specific to Bilateral OTC, Cleared Swaps, Exchange Traded Derivatives, TBA, Repo, dispute resolution, fails management, and reconciliation.
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
Bachelor’s degree is required
5+ years of work experience with direct experience in Collateral Management, Custody Operations or Derivative Operations

Nice To Haves

CFA and MBA are a plus
Proficiency with Aladdin, TriResolve, and Acadia is preferred.

Responsibilities

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

Benefits

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
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks