Secured Financing Operations, Vice President

State Street•Boston, MA

20h

About The Position

The Secured Financing Operations Vice President is a leadership role responsible for overseeing the operational support of secured funding activities, including repo (repurchase agreements), collateral management, and coupon processing. This role ensures accurate trade processing, risk mitigation, regulatory compliance, and efficient daily operations while leading global teams 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.

Requirements

Bachelor’s degree in Finance, Economics, Business, or related field
8–10+ years of experience in financial services operations, with focus on secured financing
Strong understanding of Secured Financing products and processes (e.g., trade lifecycle management/settlement, FICC repo, Agent Repo)
Leadership and team management
Strong analytical and problem-solving abilities
Attention to detail and risk awareness
Excellent communication and stakeholder management
Process improvement and project management

Responsibilities

Oversee daily processing of secured financing transactions (Sponsored Member program transactions, margin calls, repo/reverse repo, triparty transactions, cash movements)
Ensure timely and accurate trade capture, confirmation, settlement, and reconciliation
Manage lifecycle events including daily maturities, margin calls, and coupon processing
Monitor collateral allocations to ensure compliance with counterparty agreements
Manage any term trades, margin calls, collateral disputes
Assist in optimizing collateral usage across funding and trading desks
Collateral coupon processing
Identify and mitigate operational, settlement, and counterparty risks
Ensure strong internal controls and adherence to audit requirements
Investigate and resolve breaks, fails, TMPG claims, and discrepancies
Provide viable solutions and KRI’s to reduce and/or eliminate risk to Secured Financing, State Street, and its clients
Ensure all Secured Financing operational processes comply with relevant regulations, internal policies, and industry standards
Support reporting requirements and regulatory audits
Participate and track internal and external audits throughout the year, ensuring all deliverables and action items are handled timely
Maintain up-to-date knowledge of evolving regulatory frameworks
Partner with Front Office, Risk, Treasury, and Technology teams to understand requirements, delivering solutions that support business growth and risk mitigation
Act as escalation point for operational issues working with teams to resolve and/or remove road blocks, and ensuring management transparency
Maintain relationships with counterparties, custodians, and clearing agents
Manage relationships with external vendors and technology partners, ensuring optimal performance and value from third-party platforms and services
Manage and mentor operations staff and AVPs
Drive performance, training, and development
Promote a culture of accountability and continuous improvement
Identify emerging technologies and process improvements to drive operational efficiency, trading profitability, risk reduction, and enhanced client experience with Secured Financing products
Participate in system implementations and strategic transformation programs
Enhance scalability and efficiency of operations
Partner with business leaders, risk, compliance, and technology teams to understand requirements, delivering solutions that support business growth and risk mitigation

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 (excluding certain sales roles subject to sales incentive plans)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks