Prime Services Operations, Vice President

State Street Corporation; Mumbai; On-site; INR 4,000,000 - 6,500,000; Full time

Job summary

State Street Corporation is seeking a Prime Services Operations Vice President to lead a global team responsible for settlement, collateral management, recon, billing, and corporate action processing across markets. You will ensure accurate trade processing, proper collateralization, asset servicing, and risk mitigation while driving strategic improvements.

You will partner with Front Office, Risk, Treasury, Finance, and Technology to deliver scalable operational solutions aligned with State

Qualifications

• Bachelor’s degree in Finance, Economics, Business, or related field is preferred.
• 12+ years of experience in financial services operations, with focus on Prime Services and principal trading.
• Strong understanding of Prime Services products and processes (trade lifecycle management/settlement/collateral, corporate actions, vendors).

Responsibilities

• Trade & Transaction Management: 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).
• Collateral Management: Initiate and support client (borrower) side financing/collateralization waterfall, as well as Lending agent side collateralization (bilateral/triparty) processes.
• Risk & Control: Identify and mitigate operational, settlement, counterparty, and corporate event risks; ensure strong internal controls and audit readiness.
• Regulatory Compliance: Ensure all Prime Services processes comply with regulations; support audits and timely action items.
• Stakeholder Management: Work with Front Office, Risk, Treasury, Finance, and Technology; maintain relationships with counterparties and vendors.
• Team Leadership: Manage and coach operations staff and AVPs; drive performance and development.
• Process Improvement & Projects: Identify technologies and processes to boost efficiency, trading profitability, and client experience.

Skills

Leadership

Analytical skills

Communication skills

Stakeholder management

Attention to detail

Process improvement

Education

Bachelor’s degree in Finance, Economics, Business, or related field

Job description

Who we are looking for

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.

Why this role is important to us

The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to the SSM business unit. As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

• Trade & Transaction Management

  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

• Collateral Management

  Initiate and support client(borrower) side financing/collateralization waterfall, as well as Lending agent side collateralization(bilateral/triparty) processes

  Manage initial collateral, collateral returns, margin calls, collateral disputes

  Assist in optimizing collateral usage across funding, risk, and trading desks

  Intraday and End of Day collateral sufficiency monitoring

• Risk & Control

  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

• Regulatory Compliance

  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

• Stakeholder Management

  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

• Team Leadership

  Manage and coach operations staff and AVPs

  Drive performance, training, and development

  Promote a culture of accountability and continuous improvement

• Process Improvement & Projects

  Identify emerging technologies and process improvements to drive operational efficiency, trading profitability, risk reduction, and enhanced client experience with Prime Services products

  Participate in system implementations and strategic transformation programs

  Enhance scalability and efficiency of operations

  Partner with business leaders, risk, compliance, and technology teams to understand requirements, delivering solutions that support business growth and risk mitigation

Education & Preferred Qualifications

Bachelor’s degree in Finance, Economics, Business, or related field is preferred

12+ years of experience in financial services operations, with focus on Prime Services and principal trading

Strong understanding of Prime Services products and processes (e.g., trade lifecycle management/settlement/collateral, corporate actions, vendors)

What We Value

• Leadership and team management
• Strong analytical and problem-solving abilities
• Attention to detail and risk awareness
• Excellent communication and stakeholder management
• Process improvement and project management

Additional Details

• Fast-paced environment
• High interaction with trading desks/client management, counterparties, and global custody teams
• Time-sensitive operations aligned with market hours

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Read our CEO Statement

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers