Stock Lending Settlements; Assistant Vice President

The Stock Lending Settlements (Assistant Vice President) will be based in Glasgow and will provide day-to-day supervisory oversight of a team of approximately 3 or 4, supporting international stock loan settlement activity across multiple markets. The role will focus on ensuring effective operational delivery across the full stock lending trade lifecycle, supporting the Securities Finance trading desk, and maintaining strong controls, service quality, and escalation discipline.

The successful candidate must have proven stock loan supervisory experience, a strong understanding of the full securities finance lifecycle, and experience working closely with trading, settlements, middle office, external counter parties, agent lenders, and financing providers. This role will also contribute to operational resilience, process improvement, and the development of team capability within the Glasgow function, consistent with the broader objective of building a collaborative, cross-trained operational team.

• Supervise and develop a small Glasgow-based Stock Lending Settlements team
• Ensure daily stock loan settlement activity is completed accurately, efficiently, and within agreed service standards
• Maintain strong oversight of international market settlement risk, exceptions, and operational controls
• Support the Securities Finance trading desk with timely issue resolution and high-quality operational service
• Ensure appropriate escalation of settlement issues, aged fails, market constraints, and counter party-related risks
• Contribute to management reporting, root cause analysis, and operational improvement initiatives
• Support the development of a scalable Glasgow stock lending operations function

The role will be responsible for supervising the Glasgow-based Stock Lending Settlements function, supporting international markets, and providing direct oversight of daily settlement activity. The role requires strong Stock Loan supervisory experience, a detailed understanding of the full securities finance lifecycle, and the ability to support a front‑office Securities Finance trading desk.

The role will involve managing settlement workflow, resolving exceptions, overseeing unmatched and failed trades, and ensuring issues are escalated and remediated in a timely manner. The successful candidate will work closely with trading, settlements, middle office, counter parties, custodians, agent lenders, financing providers, and global operations stakeholders.

The individual will also play an important role in building local Glasgow capability as operational activity relocates from India. This role will provide the local supervisory layer required to manage operational risk, maintain service quality, and support future growth of the Glasgow function.

Key responsibilities include:

• Supervising daily Stock Lending settlement activity across international markets
• Supporting trade lifecycle management for Stock Borrow & Lending transactions
• Monitoring unmatched trades, settlement fails, cancellations, aged breaks, and reconciliation items
• Ensuring timely settlement, escalation, and resolution of exceptions
• Working with the Securities Finance trading desk to support trading activity and manage operational risk
• Using relevant securities finance platforms including Global One, Equi Lend and Pirum for contract comparison, matching and exception management
• Supporting financing and collateral‑related processes involving providers
• Producing and reviewing MI relating to settlement performance, unmatched trades, fails, cancellations and root cause analysis, consistent with the MI expectations in the existing outsourced services framework
• Supporting T+1 readiness, process redesign and control enhancements where…