Vice President - Head of Collateral & Margin Management - Operations

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description We encourage growth – and reward the journey

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 counter parties to deliver a scalable, well-controlled platform that supports business growth.

Key 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 counter party 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, counter parties, 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.

Basic Qualifications 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.

Preferred Skills/Experience 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…