Margin Operations, Assistant Vice President (Wealth Custody and Clearing)

State Street•Dallas, TX

22d•$65,000 - $113,750

About The Position

State Street’s Wealth Custody & Clearing team is seeking an Assistant Vice President for Trading & Asset Servicing to help build, implement, operate, and continuously enhance its margin operations capability across an introducing broker-dealer platform. This builder-operator role translates the established margin framework into scalable procedures, controls, reporting, escalation protocols, and daily practices. The Assistant Vice President will own key daily margin activities while helping shape the capability’s future as client adoption, product scope, technology, and risk-management needs develop. Working closely with the Vice President of Trading & Asset Servicing and the Head of Operations, the role will help define and execute the longer-term vision for margin operations. The position requires practical knowledge of Regulation T and brokerage margin principles, along with hands-on experience with time-sensitive margin calls, maintenance deficiencies, account restrictions, extensions, concentrated positions, liquidations, exceptions, and risk-based escalation. Familiarity with Regulation SHO and short-selling operations is important; Portfolio Margin and risk-based margin knowledge are strongly preferred. The role partners with State Street teams including Risk, Compliance, Product, Technology, Client Support, and Account Onboarding, as well as the clearing firm. It supports delivery of account and position data to Risk, interpretation of stress-testing and exposure outputs, and their application to operational oversight, escalation, and risk posture. Broader responsibilities include brokerage operations across trading, corporate actions, and the trade lifecycle. As the margin lending program scales, this role will help mature its operating model while carrying out core daily controls and activities. It strengthens the first line of defense by connecting account-level margin oversight, clearing-firm activity, State Street risk analysis, and timely operational action. The role also contributes to scalable automation, AI-enabled workflows, and integrated platform capabilities. The position requires an undergraduate degree or equivalent relevant experience and 5 or more years of relevant experience, though candidates with highly relevant hands-on margin experience may be considered with a different overall experience profile. The advertised annual salary range is $65,000 to $113,750. Employees are eligible for State Street’s comprehensive benefits program, subject to the terms described in the posting.

Requirements

Strong hands-on experience in margin, broker-dealer, clearing, or custody operations, with practical knowledge of brokerage account activity and margin risk.
Demonstrated ability to build or materially improve an operating capability by converting requirements into procedures, controls, reporting, workflows, and escalation standards.
Strong understanding of Regulation T, FINRA Rule 4210, initial and maintenance margin, buying power, house requirements, concentrated positions, margin calls, restrictions, and liquidation mechanics.
Working knowledge of Regulation SHO and short-selling requirements, including related controls, exceptions, operational processes, and escalation.
Experience interpreting account-level exposure information, stress-testing results, concentration analysis, or other risk outputs and translating them into operational action and escalation.
Sound judgment in time-sensitive and risk-sensitive situations, including the ability to distinguish routine activity from developing credit, market, operational, or client risk.
Ability to lead through influence and coordinate across Operations, Risk, Compliance, Product, Technology, Client Support, Account Onboarding, advisors, clients, and external providers.
Working knowledge of broader brokerage operations, including trading, corporate actions, trade lifecycle processes, and multi-asset-class activity.
Comfort operating in a growth environment where processes, controls, technology, and team capabilities will continue to evolve.
Experience with operational reporting, reconciliations, control evidence, internal and external audit requests, and regulatory review requirements.
Experience with clearing, workflow, and servicing platforms.
Undergraduate degree or equivalent relevant experience.
At least 5 years of relevant experience in margin, broker-dealer, clearing, custody, trading, or financial-services operations; candidates with highly relevant hands-on margin experience may be considered with a different overall experience profile.
Demonstrated experience administering or overseeing margin calls, account restrictions, extensions, concentrations, liquidations, or related operational controls.

Nice To Haves

Knowledge of Portfolio Margin frameworks and risk-based margin methodologies; direct operational experience supporting Portfolio Margin is a significant plus.
Familiarity with introducing broker-dealer models and clearing-firm relationships; Apex experience preferred.
Series 7 and Series 57 licenses, or willingness to obtain them depending on final responsibilities.
Series 4, Series 24, and/or Series 53 licenses.
Experience in an introducing broker-dealer, RIA custody, or fully disclosed clearing model.
Portfolio Margin experience, including operational implementation or ongoing oversight.
Experience with Apex Ascend, comparable clearing or margin platforms, Salesforce, and data-driven risk or reporting tools.

Responsibilities

Help design, implement, and continuously enhance the margin operating model, translating regulatory, risk, contractual, and business requirements into procedures, controls, workflows, reporting, escalation paths, and management routines.
Own and execute key margin-lending operations, including account eligibility, documentation, margin calls, maintenance deficiencies, extensions, restrictions, exceptions, and ongoing account activity.
Review margin reports and account-level activity, including calls, debit balances, maintenance excess or deficiency, buying power, concentrated positions, restrictions, repeated violations, and elevated or emerging exposure.
Apply relevant regulatory requirements, firm policies, and clearing-firm requirements when evaluating margin activity, restrictions, exceptions, and escalations.
Coordinate timely resolution of margin calls, deficiencies, extensions, restrictions, and other exceptions with clients, advisors, Apex, Client Support, Risk, and internal stakeholders.
Monitor concentrated and higher-risk positions and support administration, escalation, and implementation of house margin requirements or other risk-based restrictions.
Identify and escalate accounts approaching or entering negative equity and coordinate restrictions, liquidation activity, client or advisor outreach, recovery actions, documentation, and management escalation.
Support delivery and validation of account, position, collateral, and related data for stress testing and exposure analysis; review Risk outputs and incorporate established standards and findings into account-level oversight and operational action.
Act as an operational liaison with Apex for margin calls, restrictions, liquidations, exceptions, reporting, reconciliations, and account-level issue resolution.
Maintain margin-related controls, reconciliations, records, exception documentation, management information, and evidence for supervisory review, audit, risk oversight, and regulatory examination.
Design, establish, and maintain margin-related key risk indicators, thresholds, and escalation triggers to support compliance, management oversight, and proactive identification of emerging risks.
Work with the Vice President of Asset Servicing and Head of Operations to shape and execute the team’s longer-term vision, including staffing, processes, controls, technology, automation, data, and future product capabilities.
Support broader brokerage activity, including trading, corporate actions, trade lifecycle processes, short-selling workflows, and other time-sensitive work, while contributing to automation and integrated platform capabilities.

Benefits

401(k) retirement savings plan with company match
Basic life insurance
Medical insurance
Dental insurance
Vision insurance
Long-term disability insurance
Other optional insurance coverages
Paid time off, including vacation and sick leave
Short-term disability
Family-care support
Employee Assistance Program
Eligibility for annual performance-based incentive awards, subject to role-specific terms
Eligibility for certain tax-advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Employee networks