Vice President - Head of Collateral & Margin Management - Operations

US Bank; Charlotte (NC); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Health benefits?

401(k) matching?

Job summary

U.S. Bank is seeking a Vice President, Head of Collateral & Margin Management to build and lead a dedicated collateral and margin operations capability.

This leader will partner with Trading, Treasury/Funding, Risk, Legal, Compliance, Settlements, Finance, Tech, clearing banks, custodians, and counterparties to drive a scalable, well-controlled platform for growth. The role emphasizes establishing a strong operating model, governance, and end-to-end readiness for margin and collateral processes

Qualifications

• Leadership experience in a regulated broker-dealer environment.
• Strong knowledge of margin calls, collateral movements, reconciliations, and haircut concepts.
• Experience partnering with Front Office, Treasury, Risk, Legal, Compliance, Technology.

Responsibilities

• Establish and lead the Collateral & Margin Management team with operating model, staffing, and governance.
• Oversee daily margin and collateral activity including calls, movements, substitutions, and settlements.
• Manage disputes, breaks, and root-cause remediation promptly and thoroughly.
• Provide oversight of collateral for repo/reverse repo and related financing arrangements.
• Collaborate with Trading and Treasury to improve liquidity efficiency within controls.
• Develop future-state margin platform requirements, data needs, and production readiness.
• Create MI and KRIs covering margin calls, disputes, aging, and settlement fails.

Skills

People leadership

Broker-dealer knowledge

Margin calls & collateral

Cross-functional collaboration

Education

Bachelor's degree or equivalent practical experience

Job description

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 counterparties 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 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.

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 external market infrastructure providers.
• Experience with bilateral and tri-party repo, secured financing, fixed income products, and collateral optimization.
• Experience implementing or transforming a collateral/margin platform and designing operational controls around the technology.
• Knowledge of U.S. broker-dealer regulatory and control requirements affecting margin, collateral, customer protection, capital, and secured financing operations.
• Experience supporting audits, regulatory examinations, new-product approvals, and large-scale change programs.
• FINRA registration(s) relevant to assigned supervisory responsibilities, or ability to obtain if required by the position.

Location Expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

Benefits

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial securit