Strategic Head of Collateral & Margin Ops

U.S. Bank; Saint Paul (MN); On-site; USD 127,000 - 149,000; Full time

Job summary

U.S. Bank in Minnesota seeks a VP, Head of Collateral & Margin Management to build and lead the broker-dealer’s collateral operations and margin program.

You will shape the operating model and oversee daily activity, partnering with Trading, Treasury, Risk, Legal, Compliance, Settlements, Finance, and Technology to enable a scalable, well-controlled platform. The role requires strong leadership and expertise in repo financing, haircuts, eligibility, and controls.

Qualifications

• Bachelor’s degree or equivalent practical experience.
• 8+ years of capital markets operations experience, including collateral management, margin operations, repo/securities financing, or related functions.

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 counterparty 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, counterparties, 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.

Skills

People leadership

Collateral management

Margin operations

Regulated environment

Cross-functional collaboration

Front Office partnership

Change management

Education

Bachelor's degree

Job description

U.S. Bank in Minnesota seeks a VP, Head of Collateral & Margin Management to build and lead the broker-dealer’s collateral operations and margin program.

You will shape the operating model and oversee daily activity, partnering with Trading, Treasury, Risk, Legal, Compliance, Settlements, Finance, and Technology to enable a scalable, well-controlled platform. The role requires strong leadership and expertise in repo financing, haircuts, eligibility, and controls.