Collateral Management Manager, AVP

State Street Corporation
Quincy, USA
Feb 03, 2023
Feb 15, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
As a Collateral Management Operations, you will interact internally with global Centers of Excellence, Client Middle Office Operations teams, Joint Venture operations teams and Client operational contacts to complete the collateral management and processing for assigned clients and portfolios. You will be expected to manage multiple strategic projects and client relationships while simultaneously providing tactical support to line level staff in order to achieve excellent service standards of the collateral management function. The candidate must exhibit a strong understanding of Collateral Management Operations specific to Bilateral OTC, Cleared Swaps, Exchange Traded Derivatives, TBA, Repo and dispute resolution.

Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for
As Collateral Management you will
  • Serve as a single point of contact providing inquiry and operational support to high profile internal and external clients on collateral management functions on behalf of the team
  • Coordinate team activities including problem resolution, coverage and escalations
  • Identify key issues and patterns from partial or conflicting data; take a broad perspective to problems and spot new, less obvious, solutions
  • Work independently and with the team to establish firm and well-tested controls and procedures
  • Implement and support client-specific service requirements; understand the client's operational process and enhances the service accordingly
  • Validate and review all daily activity while maintaining all required controls
  • Interpret client needs and work to meet those needs offering assistance and advice on standard practical issues and non-standard tasks or queries
  • Research and resolve exceptions, perform reconciliations and actively monitor for incorrect transactions or issues
  • High level daily tasks include assisting and coordinating junior staff, issuing and responding to margin calls, collateral allocation and managing the dispute resolution process and/or collateral settlement.

What we value
These skills will help you succeed in this role
  • Ability to organize complex data into digestible ideas and manage team organization
  • Ability to manage multiple deadlines simultaneously with deliverables to different parties
  • Self-Starting, meticulous and detail oriented
  • Strong verbal and written communication, interpersonal and customer service skills
  • Ability to evaluate a detailed workflow process and work with business stakeholders to develop and improve processes, including prioritization and execution of initiatives

Education & Preferred Qualifications
  • Bachelor's degree is required
  • CFA and MBA are a plus
  • 3+ years of work experience with direct experience in Collateral Management, Custody Operations or Derivative Operations

Additional requirements
• Minimal holiday or weekend limited coverage responsibilities

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at

Salary Range:
$80,000 - $132,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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