Front Office Trading Services, VP - EFC (Agency Lending) - State Street Markets
Core
VP supporting the lifecycle management of securities lending transactions, acting as a primary liaison for external and internal clients, and resolving trade discrepancies and settlement issues for Agency Lending desks.
Role type
VP, Front Office Trading Services (Agency Lending)
Builds
Operational integrity and timely execution of securities lending transactions for institutional clients
Domain
Capital Markets / Securities Lending
Required skills
Securities lending lifecycle management, trade discrepancy resolution, settlement issue resolution, contract comparison, loan amendment management, collateral exception handling, business governance participation, system implementation support, stakeholder relationship management, regulatory compliance adherence
Preferred skills
Client-facing experience, Microsoft Office (Word, Excel, Access, PowerPoint), CoPilot familiarity
Technologies
Microsoft Office, CoPilot
Responsibilities
Partner with Agency Lending Trading desks to support the lifecycle management of securities lending transactions; Manage daily front-office support activities including rate break resolution, contract comparison, loan amendments, trade cancellations, rebookings, recalls, substitutions, and dividend-related processing; Review, investigate, and resolve trade discrepancies, settlement issues, collateral exceptions, and counterparty inquiries; Serve as a primary escalation point for operations on Agency Lending trade support matters; Monitor and manage loan activity approaching key market events, including dividend record dates, expected returns, corporate actions, and regulatory or market-specific requirements; Oversee loan recalls, return activity, future loan amendments, and inventory-related adjustments; Manage front-office contract alignment processes by reviewing and resolving loan fee, rebate, and reclaim rate discrepancies; Support broker onboarding, borrower account maintenance, and business modifications; Perform control and oversight activities related to dividend processing, rate validation, expected return monitoring, loan inventory management, and other key Agency Lending risk controls; Investigate and resolve settlement and collateral-related inquiries; Produce, review, and maintain business-critical reports, reconciliations, and data quality controls; Participate in regular business governance forums, trading and operations meetings, onboarding discussions, and client service initiatives; Act as a subject matter expert for Agency Lending processes, providing support for strategic initiatives, regulatory and audit requests, system implementations, testing efforts, process enhancements, and business transformation programs; Partner with Trading, Risk, Technology, Operations, and external counterparties on collateral optimization initiatives, tri-party account management, and workflow improvements; Identify opportunities to improve automation, reduce operational risk, strengthen controls, and streamline end-to-end securities lending processes; Build and maintain strong working relationships with trading desks, operations teams, clients, brokers, counterparties, and other stakeholders; Adhere to all business controls, policies, regulatory requirements, and operating procedures
Seniority
VP, strategic oversight & operational leadership
