Wealth Operations & Supervision, Vice President (Wealth Custody & Clearing)

State Street•Boston, MA

About The Position

Wealth Custody & Clearing is seeking an experienced Vice President, Wealth Operations & Supervision to serve as the senior tactical and functional leader across its introducing broker-dealer operating environment. Reporting to the Head of Operations, this broad operating leadership role translates business strategy into coordinated day-to-day execution, provides supervisory leadership, and connects teams across Operations, Client Service & Advisor Experience, Trading, Asset Servicing, Client Onboarding, Cashiering, Risk, Compliance, Product, and Technology. Functional leaders retain ownership of their respective domains; this role ensures those domains operate as a connected, controlled, and scalable end-to-end model. The Vice President will drive the tactical operating agenda, coordinate functional leaders, resolve cross-functional issues, and maintain accountability for execution, controls, and escalation. The role strengthens the first line of defense through consistent management routines, fraud and operational risk controls, issue resolution, and transparency around performance, risk, capacity, and readiness. It supports growth across clients, product capabilities, and geographic reach without adding unnecessary management layers. The successful candidate will be a hands-on, pragmatic operating leader with broad experience in the wealth and advisory ecosystem, broker-dealer supervision, and fraud controls. They will move between daily execution, supervisory judgment, client-impacting escalations, operating-model design, and senior leadership communication while preserving subject-matter ownership. Success is measured by better coordination, faster and clearer decisions, stronger supervisory discipline, effective risk oversight, and dependable execution across the operating model.

Requirements

Undergraduate degree or equivalent relevant experience.
10+ years of relevant experience across broker-dealer, custody, wealth management, or advisory operations.
5+ years of leadership and supervisory experience in a regulated financial-services environment.
Active and appropriate securities registrations for the assigned supervisory responsibilities.
Broad experience across broker-dealer, custody, wealth, or advisory operations, with the ability to lead across multiple functional domains.
Proven track record of supervision and regulatory oversight in a regulated financial-services environment.
Experience implementing or overseeing fraud prevention, detection, investigation, escalation, and control frameworks within financial services.
Ability to translate emerging fraud risks into practical controls, technology requirements, governance routines, and operating procedures.
Strong understanding of introducing broker-dealer and RIA operating models, including relationships among advisors, introducing broker-dealers, clearing firms, custodians, and third-party technology providers.
Working knowledge of operational controls, supervisory systems, escalation standards, governance, and first-line risk ownership.
Ability to lead through influence, align peers and functional leaders, and drive decisions across organizational boundaries.
Experience managing complex client-impacting events, operational incidents, regulatory matters, and high-priority escalations with urgency and control.
Ability to distinguish matters for functional subject-matter experts from those requiring broader operating or supervisory leadership.
Strong executive judgment, presence, and communication skills, including ability to simplify complex issues and recommend a clear course of action.
Experience building or scaling an operating model, new business, platform, or significant operational capability.
Practical, technology-forward mindset and experience using automation, workflow tools, data, and AI to improve execution and management visibility.
Comfort balancing client needs, regulatory obligations, strategic priorities, and daily execution in a dynamic environment.
Leadership style grounded in accountability, transparency, collaboration, and timely decision-making.
Demonstrated experience working with Compliance, Risk, Legal, Technology, Product, fraud-risk partners, and client-facing teams.

Nice To Haves

Series 7 and Series 24 registrations are strongly preferred.
Additional registrations such as Series 4, Series 55/57, or Series 63/66 are advantageous depending on final scope.
Experience supporting RIA, enterprise RIA, introducing broker-dealer, clearing, or custody operating models.
Experience with fraud-risk programs, control implementation, case management, or fraud technology solutions.
Experience supporting regulatory examinations, internal audits, risk assessments, and remediation programs.
Experience with international expansion, institutional clients, or cross-border operating considerations.

Responsibilities

Lead the day-to-day operating agenda across Wealth Custody & Clearing, translating strategic priorities into coordinated workplans, decisions, owners, milestones, and measurable outcomes.
Coordinate across Client Service, Trading, Asset Servicing, Client Onboarding, Account Maintenance, Cashiering, Risk, Compliance, Product, and Technology to manage issues and initiatives end-to-end.
Provide supervisory leadership across applicable broker-dealer activities, ensuring clear supervisory ownership, timely review, appropriate escalation, and evidence that obligations are performed.
Partner with Risk, Compliance, Technology, functional leaders, and external providers to implement and oversee scalable fraud prevention, detection, escalation, investigation, and reporting capabilities.
Establish and lead management routines for operational performance, risk and controls, incidents, client-impacting issues, capacity, change readiness, and delivery commitments.
Partner with functional leaders to identify operational, fraud, and regulatory risks; assess control design and effectiveness; address gaps; and maintain accountability for remediation.
Serve as a senior escalation point for high-risk, time-sensitive, or cross-functional operational matters, driving fact-based decisions, coordinated communication, and durable resolution.
Support and challenge functional leaders while preserving their ownership of subject-matter decisions, team performance, procedures, and daily production.
Lead operational coordination for client implementations, new capabilities, market expansion, and production stabilization, ensuring dependencies, controls, staffing, procedures, and escalation paths are ready before launch.
Partner with Compliance, Risk, Legal, and Internal Audit on regulatory examinations, audits, control reviews, and inquiries, ensuring accurate documentation, timely responses, and sustainable corrective action.
Drive ownership, maintenance, approval, and implementation of operating procedures, supervisory procedures, control documentation, and related governance artifacts.
Establish operational KPIs, KRIs, service measures, and executive reporting that provide insight into performance, trends, risks, capacity, and readiness.
Identify friction, duplication, unclear handoffs, and control gaps across the operating model and lead practical improvements to scalability, resilience, and advisor experience.
Partner with Product and Technology to incorporate automation, AI-enabled workflows, fraud detection, and data-driven decision-making while maintaining appropriate controls and human oversight.
Support oversight of clearing firms, custodians, technology providers, fraud solution providers, and other operational partners, including performance monitoring, issue management, accountability, and escalation.
Represent the Head of Operations in delegated operating forums and decisions, keep the broader operating agenda moving, and elevate matters requiring executive attention with a clear recommendation.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, long-term disability, and other optional insurance coverage.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with exclusions for 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.
Employee networks.