Vice President - Head of Collateral & Margin Management - Operations

U.S. Bank•Saint Paul, MN

10d•$126,820 - $149,200•Hybrid

About The Position

The Vice President, Head of Collateral & Margin Management will build and lead the broker-dealer’s dedicated collateral and margin operations capability. The role is responsible for the control, execution, and strategic development of margin and collateral processes supporting secured financing and other in-scope products. The leader will partner with Trading, Treasury/Funding, Risk, Legal, Compliance, Settlements, Finance, Technology, clearing banks, custodians, and counterparties to deliver a scalable, well-controlled platform that supports business growth. The position requires working from a U.S. Bank location three or more days per week. The role also serves as a senior operational subject-matter expert and escalation point for collateral and margin matters, while developing team expertise through training, coaching, and cross-training.

Requirements

Bachelor’s degree or equivalent practical experience.
At least 8 years of relevant capital markets operations experience, including significant experience in collateral management, margin operations, repo/securities financing, or related functions.
FINRA registration(s) relevant to assigned supervisory responsibilities, or ability to obtain them if required by the position.

Nice To Haves

Demonstrated people leadership and experience operating in a regulated broker-dealer or comparable institutional markets environment.
Strong knowledge of margin calls, collateral movements, substitutions, reconciliations, disputes, settlement, eligibility, and haircut concepts.
Experience partnering with Front Office, Treasury/Funding, Risk, Legal, Compliance, Technology, and external market infrastructure providers.
Experience with bilateral and tri-party repo, secured financing, fixed income products, and collateral optimization.
Experience implementing or transforming a collateral/margin platform and designing operational controls around the technology.
Knowledge of U.S. broker-dealer regulatory and control requirements affecting margin, collateral, customer protection, capital, and secured financing operations.
Experience supporting audits, regulatory examinations, new-product approvals, and large-scale change programs.

Responsibilities

Establish and lead the Collateral & Margin Management team, including its operating model, staffing, procedures, controls, service levels, metrics, and escalation governance.
Oversee daily margin and collateral activity, including call issuance and response, collateral movements, substitutions, eligibility validation, settlement, reconciliations, and exception management.
Manage collateral disputes and breaks through timely investigation, documentation, escalation, and root-cause remediation.
Provide operational oversight of collateral supporting repo/reverse repo and other in-scope financing or margin arrangements, including bilateral and tri-party activity where applicable.
Partner with Trading and Treasury/Funding to improve collateral utilization, liquidity efficiency, and visibility while maintaining required legal, regulatory, risk, and control parameters.
Establish controls over haircuts, eligibility rules, concentration parameters, margin terms, settlement status, and counterparty exposures as applicable to the operating process.
Lead requirements and implementation for the future-state margin and collateral management platform, including workflow design, data requirements, UAT, conversion, controls, and production readiness.
Develop management information and KRIs covering margin calls, disputes, aging, collateral balances, settlement fails, exceptions, capacity, and operational risk.
Support new products, counterparties, clearing arrangements, and strategic business launches by assessing operational requirements and ensuring end-to-end readiness.
Maintain audit and regulatory readiness through documented procedures, evidence, supervisory controls, issue management, and sustainable remediation.
Serve as the senior operational SME and escalation point for collateral and margin matters, and develop team expertise through training, coaching, and cross-training.

Benefits

Healthcare coverage including medical, dental, and vision
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation of two to five weeks depending on salary grade and tenure
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law
Incentive and recognition programs
Equity stock purchase
Pension