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.

• 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.

• Capability design and implementation:
  Help design, implement, and continuously enhance the margin operating model, translating regulatory, risk, contractual, and business requirements into practical procedures, controls, workflows, reporting, escalation paths, and management routines.
• Day-to-day margin operations:
  Own and execute key operational activities supporting the margin lending program, including account eligibility, documentation, margin calls, maintenance deficiencies, extensions, restrictions, exceptions, and ongoing account activity.
• Daily monitoring and control execution:
  Review margin reports and account-level activity, including calls, debit balances, maintenance excess or deficiency, buying power, concentrated positions, restrictions, repeated violations, and accounts presenting elevated or emerging exposure.
• Regulatory and policy application:
  Apply working knowledge of Regulation T, FINRA Rule 4210, applicable SEC requirements, firm policies, and clearing-firm requirements when evaluating margin activity, restrictions, exceptions, and escalations.
• Margin-call and exception resolution:
  Coordinate timely resolution of calls, deficiencies, extensions, restrictions, and other exceptions with clients, advisors, Apex, Client Support, Risk, and other internal stakeholders.
• Concentration and house-requirement oversight:
  Monitor concentrated and higher-risk positions and support the administration, escalation, and implementation of house margin requirements or other risk-based restrictions, as applicable.
• Negative-equity and liquidation response:
  Identify and elevate accounts approaching or entering negative equity and coordinate the operational response, including restrictions, liquidation activity, client or…