Vice President - Head of Collateral & Margin Management - Operations

About the role

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. This leader will partner closely 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.

Responsibilities

• Establish and lead the Collateral & Margin Management team, including operating model, staffing, procedures, controls, service levels, metrics, and escalation governance.
• Oversee daily margin and collateral activity, including call issuance/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 strong audit and regulatory readiness through documented procedures, evidence, supervisory controls, issue management, and sustainable remediation.
• Serve as senior operational SME and escalation point for collateral and margin matters and develop team expertise through training, coaching, and cross-training.

Requirements

• Bachelor's degree or equivalent practical experience.
• 8+ years of relevant capital markets operations experience, including significant experience in collateral management, margin operations, repo/securities financing, or related functions.

Qualifications

• 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.
• FINRA registration(s) relevant to assigned supervisory responsibilities, or ability to obtain if required by the position.

Schedule

This role requires working from a U.S. Bank location three (3) or more days per week.

Benefits

• Healthcare (medical, dental, 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 (from 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 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay

Pay Range: $126,820.00 - $149,200.00