VP, Collateral & Margin Management Leader

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

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k) plan

Paid vacation

Up to 11 paid holidays

Adoption assistance

Sick and Safe Leave

Job summary

U.S. Bank is seeking a Vice President, Head of Collateral & Margin Management to build and lead the collateral operations for secured financing and other margin-related activities.

You will partner with Trading, Treasury, Risk, Legal, Compliance, and Technology to design scalable controls and processes that support growth. The role demands deep knowledge of margin calls, collateral movements, settlements, and reconciliation, with leadership responsibility across teams and external partners.

Qualifications

• Demonstrated people leadership in regulated broker-dealer environments.
• Strong knowledge of margin calls, collateral movements, substitutions, and settlements.
• Experience partnering with Front Office, Risk, Legal, Compliance and Technology.
• Familiarity with repo, securities financing, and collateral optimization.
• Understanding of U.S. broker-dealer regulatory requirements.

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

Regulatory/compliance mindset

Cross-functional collaboration

Margin calls knowledge

Collateral management

Repo/securities financing knowledge

Education

Bachelor's degree or equivalent

Job description

U.S. Bank is seeking a Vice President, Head of Collateral & Margin Management to build and lead the collateral operations for secured financing and other margin-related activities.

You will partner with Trading, Treasury, Risk, Legal, Compliance, and Technology to design scalable controls and processes that support growth. The role demands deep knowledge of margin calls, collateral movements, settlements, and reconciliation, with leadership responsibility across teams and external partners.