Prime Services Operations, Vice President

Overview

Leadership role overseeing the operational support of Prime Services borrowing and lending activities, including settlement, collateral management, reconciliation, billing and corporate action event processing, while leading a global team.

What you'll do

• Oversee daily processing of Prime Services transactions across markets, including borrowing and lending transactions, collateralization/margin calls, triparty transactions, cash movements/wires, billing and corporate actions.
• Ensure timely and accurate trade capture, confirmation, settlement and reconciliation.
• Partner with global custody teams on trade statuses and adjustments.
• Manage trade lifecycle events, including cash dividends, mandatory and voluntary corporate actions, and monthly billing processes.
• Initiate and support client (borrower) side financing/collateralization waterfall, and lending agent side collateralization (bilateral/triparty) processes.
• Manage initial collateral, collateral returns, margin calls and collateral disputes.
• Assist in optimizing collateral usage across funding, risk and trading desks.
• Monitor intraday and end-of-day collateral sufficiency.
• Identify and mitigate operational, settlement, counterparty and corporate event risks.
• Ensure strong internal controls and adherence to audit requirements.
• Investigate and resolve cash/share internal/external breaks, fails and counterparty discrepancies.
• Provide viable solutions and KRIs to reduce and/or eliminate risk to Prime Services, State Street and its clients.
• Ensure all Prime Services operational processes comply with relevant regulations, internal policies and industry standards.
• Support reporting requirements and regulatory audits, and track internal and external audits to ensure deliverables and action items are handled on time.
• Maintain up-to-date knowledge of evolving regulatory and market changes.
• Partner with Front Office, Risk, Treasury, Finance and Technology teams to understand requirements and deliver solutions supporting business growth and risk mitigation.
• Act as escalation point for operational issues, working with teams to resolve roadblocks 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 coach operations staff and AVPs, drive performance, training and development, and 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.
• Participate in system implementations and strategic transformation programs.
• Enhance scalability and efficiency of operations.

What you'll need

• 12+ years of experience in financial services operations, with focus on Prime Services and principal trading.
• Strong understanding of Prime Services products and processes (e.g., trade lifecycle management, settlement, collateral, corporate actions, vendors).
• Leadership and team management skills.
• Strong analytical and problem-solving abilities.
• Attention to detail and risk awareness.
• Excellent communication and stakeholder management.
• Process improvement and project management skills.

Nice to have

• Bachelor's degree in Finance, Economics, Business or related field.

Details

• Location: Mumbai, India.
• Fast-paced environment.
• High interaction with trading desks/client management, counterparties and global custody teams.
• Time-sensitive operations aligned with market hours.