Associate - Securities Lending Operations

Responsibilities

• Manage the end-to-end stock loan lifecycle, including trade capture and confirmation, daily mark-to-market, rate resets, and contractual settlement.
• Own the return, recall, and buy-in process, including monitoring open loans, processing early returns, and managing recall timelines in line with settlement cut-offs.
• Oversee corporate action processing across the securities finance book, including dividend entitlements, manufactured payments, and rights and spin-off events.
• Input into CCP and exchange margin requirements.
• Oversee operational KPIs, reconciliations, and margin calls.
• Perform and supervise daily position and cash reconciliations between internal systems, prime brokers, custodians, tri-party agents, and CCPs.
• Align with the Settlement team to manage fails risk.
• Monitor and actively manage securities lending fails, including buy-in exposure, partial settlement, and borrower/lender close-out procedures.
• Provide client and business stakeholder communication and service as a key contact for Equity Finance operations.
• Support onboarding while ensuring adherence to industry standards and best practices.
• Liaise with Revenue Finance to ensure accurate accruals, fee capture, and rebate/fee reconciliations.

Requirements

• At least two years of professional experience in a securities lending operations function.
• Hands-on experience in securities lending or stock loan operations, including loan booking, term loan management, and equity and fixed-income borrow/loan settlement.
• Experience building and documenting operational processes and working with settlement, clearing, risk, and margin functions.
• Deep cross-asset knowledge spanning fixed income and equities.
• Familiarity with securities lending platforms such as Loanet, EquiLend, 4sight/FIS, or Broadridge SecFinance.
• Experience managing bilateral secured financing operations.
• Strong understanding of MSLAs, GMSLAs, and contractual mechanics including right of substitution, manufactured payments, close-out netting, and events of default.
• Working knowledge of regulatory frameworks relevant to securities financing transactions, including SFTR reporting obligations and CSDR settlement discipline.
• Ability to partner with Equity Finance Trading to optimize inventory.
• Experience managing operational risk items, reconciliations, cash balances, and nostro accounts.
• Experience processing corporate actions in lending and borrowing contexts, including entitlement claims, manufactured dividend calculations, and record-date management.
• Confident communication and relationship-building skills with clients, counterparties, and internal stakeholders.
• Analytical approach and strong attention to detail.

Compensation and Benefits

• Base salary range: $100,000–$150,000.
• Competitive compensation package with company equity and 401(k) matching.
• Gender-neutral parental leave.
• Medical, dental, and vision insurance.
• In-office benefits include lunch stipends, stocked kitchens, happy hours, and a central office location.
• Employees are expected to work in the office four days per week.