State Street India | Prime Services Operations, Vice President

Responsibilities

• The Prime Services Operations Vice President is a leadership role responsible for overseeing the operational support of Prime Services borrowing and lending activities, including settlement processes, collateral management, recon, billing, and corporate action event processing.
• This role ensures accurate trade processing, proper collateralization, asset servicing, risk mitigation, and regulatory compliance, while leading a global team and driving strategic improvements.
• The position also involves close collaboration with business partners to drive innovation in processes and systems to enhance efficiency, scalability, and risk management, ensuring operational solutions are closely aligned with State Street’s business objectives, industry practices, and evolving market needs.
• The team you will be joining is a part of State Street Markets (SSM).
• As a Prime Services Operations Vice President you will lead –
• Oversee daily processing of Prime Services transactions across markets (borrowing and lending transactions, collateralization/margin calls, triparty transactions, cash movements/wires, billing, and corporate actions)
• Ensure timely and accurate trade capture, confirmation, settlement, and reconciliation
• Partner with global custody teams on trade statuses and adjustments
• Manage trade lifecycle events, like cash dividends, and mandatory/voluntary corporate actions, monthly billing processes
• Manage initial collateral, collateral returns, margin calls, collateral disputes
• Assist in optimizing collateral usage across funding, risk, and trading desks
• Identify and mitigate operational, settlement, counterparty, and corporate event risks
• Ensure strong internal controls and adherence to audit requirements
• Investigate and resolve cash/share internal/external breaks, fails, and counterparty discrepancies
• Provide viable solutions and KRI’s to reduce and/or eliminate risk to Prime Services, State Street, and its clients
• Ensure all Prime Services operational processes comply with relevant regulations, internal policies, and industry standards
• Support reporting requirements and regulatory audits
• Participate and track internal and external audits throughout the year, ensuring all deliverables and action items are handled timely
• Maintain up-to-date knowledge of evolving regulatory/market changes
• Partner with Front Office, Risk, Treasury, Finance, and Technology teams to understand requirements, delivering solutions that support business growth and risk mitigation
• Act as escalation point for operational issues working with teams to resolve and/or remove road blocks, and ensuring management transparency
• Maintain relationships with counterparties, custodians, and clearing agents
• Manage relationships with external vendors and technology partners, ensuring optimal performance and value from third-party platforms and services
• Manage and coach operations staff and AVPs
• Drive performance, training, and development

Education & preferred qualifications

• Strong understanding of Prime Services products and processes (e.g., trade lifecycle management/settlement/collateral, corporate actions, vendors).
• These skills will help you succeed in this role.
• Strong analytical and problem-solving abilities.
• Attention to detail and risk awareness.
• Excellent communication and stakeholder management.

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)