Margin Operations, Assistant Vice President; Wealth Custody and Clearing

Who we are looking for Wealth Custody & Clearing is seeking an Assistant Vice President for its Trading & Asset Servicing team, with primary responsibility for helping build, implement, operate, and continuously enhance our margin operations capability. The role will translate an established margin framework into scalable procedures, controls, reporting, escalation protocols, and day-to-day practices across our introducing broker-dealer platform.

This is a builder-operator role. The successful candidate will own key daily margin activities while helping shape how the capability evolves as client adoption, product scope, technology, and risk-management needs develop over time. Working closely with the Vice President of Trading & Asset Servicing and the Head of Operations, this individual will help define the future vision for margin operations and execute the roadmap required to achieve it.

The ideal candidate combines strong working knowledge of Regulation T and brokerage margin principles with hands-on experience managing time-sensitive margin calls, maintenance deficiencies, account restrictions, extensions, concentrated positions, liquidations, exceptions, and risk-based escalation. Familiarity with Regulation SHO and short-selling operations is important. Knowledge of Portfolio Margin and risk-based margin methodologies is strongly preferred and will support the long-term ambitions of the platform.

The Assistant Vice President will partner extensively across State Street, including Risk, Compliance, Product, Technology, Client Support, Account Onboarding, and other control and operational teams, as well as with our clearing firm. The role will help support the delivery of account and position data to Risk, interpret stress-testing and exposure outputs received from Risk, and apply relevant standards and analysis to operational oversight, escalation, and risk posture.

Additional responsibilities will include broader brokerage operations across trading, corporate actions, and the trade lifecycle.

Why this role is important to usAs Wealth Custody & Clearing scales, successful implementation and evolution of the margin lending program will be critical to delivering a controlled and effective brokerage experience for clients and advisors. While the foundational framework has been established, the operating model must continue to mature as activity grows, capabilities expand, and processes and technology evolve.

This role is central to that progression. The Assistant Vice President will help design and implement the operating capability while performing its core daily controls and activities. The position strengthens the first line of defense by connecting account-level margin oversight, clearing-firm activity, State Street risk analysis, and timely operational action.

This role is critical to ensuring:
• Margin activity is monitored and managed accurately, with timely resolution of calls, deficiencies, exceptions, extensions, restrictions, and liquidation-related activity.
• Emerging risk is identified and escalated appropriately, including significant exposures, concentrated positions, repeated violations, and accounts approaching or entering negative equity.
• Stress-testing results and other Risk outputs are understood and incorporated into operational oversight, escalation, and risk-management actions.
• The margin operating model remains scalable, well controlled, appropriately documented, and aligned with the longer-term product and technology roadmap.

What you will be responsible for
• Capability design and implementation:
Help design, implement, and continuously enhance the margin operating model, translating regulatory, risk, contractual, and business requirements into practical…