Wealth Custody & Clearing Operations, VP
State Street
full-time
Posted on:
Location Type: Hybrid
Location: Boston • Massachusetts, Texas • 🇺🇸 United States
Visit company websiteSalary
💰 $110,000 - $188,750 per year
Job Level
Lead
About the role
- Manage day-to-day operations of the introducing broker-dealer, including brokerage operations, trading, account onboarding, cash management, account management, and advisor support.
- Design, implement, and continuously improve operational processes, controls, and systems to support business growth and regulatory compliance.
- Champion the adoption and integration of AI-powered tools and automation technologies to drive workflow efficiency, reduce operational risk, and enable data-driven decision-making across all operational functions.
- Partner with compliance and risk teams to ensure all operational activities align with FINRA, SEC, and other applicable regulatory frameworks.
- Develop and maintain policies, procedures, and controls for all brokerage operations functions.
- Drive operational readiness for new business lines, including process design, resource planning, and technology enablement.
- Serve as key point of contact for operational matters with internal and external partners, including custodians, clearing firms, and technology vendors.
- Mentor a high-performing operations team, fostering a culture of accountability, innovation, and continuous improvement.
- Collaborate with executive leadership to identify and mitigate operational risks, resolve escalations, and ensure seamless client service delivery.
- Support the firm’s response to regulatory examinations, audits, and inquiries related to operations.
- Prepare and deliver presentations for business risk committees, executive leadership, and the board of directors on operational performance, risks, and initiatives.
Requirements
- Undergraduate degree required; graduate degree preferred.
- 7–10+ years of related experience, or as part of a global leadership team.
- Industry certifications (e.g., Series 7/24/63/79, CRCP, CCO) strongly preferred.
- Deep, hands-on expertise in broker-dealer operations, including trading, account onboarding, cash management, account management, and advisor support.
- Demonstrated experience establishing new business lines and working with partners to deliver operational excellence.
- International and institutional experience, with an understanding of global markets, cross-border operations, and institutional client needs.
- Strong critical thinking, problem-solving, and decision-making skills to proactively address business, regulatory, and technology risk exposures.
- Ability to identify and articulate operational risk and control themes to senior management.
- Experience with risk assessments, control design and effectiveness, and first line assurance events (audits).
Benefits
- insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
- retirement savings plan (401K) with company match
- paid-time off including vacation, sick leave, short term disability, and family care responsibilities
- access to our Employee Assistance Program
- incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
- eligibility for certain tax advantaged savings plans
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
broker-dealer operationstradingaccount onboardingcash managementaccount managementadvisor supportoperational processesregulatory compliancerisk assessmentscontrol design
Soft skills
critical thinkingproblem-solvingdecision-makingmentoringcollaborationcommunicationinnovationaccountabilitycontinuous improvementrisk identification
Certifications
Series 7Series 24Series 63Series 79CRCPCCO