Managing Director, Agency Lending Operations Greater Mumbai, India Area + 2 more

Who are we looking for

We are looking for an industry leader with hands-on experience in Agency Lending Operations within a Markets business. You understand what great looks like in a global operations organization and bring deep knowledge of the functions that support Agency Lending across the trade lifecycle. You combine strong operational expertise with executive presence, excellent communication and stakeholder management skills, and a proven ability to influence, lead through change, and navigate complex challenges.

This is a key leadership role responsible for overseeing a global team of approximately 150 professionals across India, Hong Kong, London, and Boston, providing operational support for Agency Lending activities, including settlement, reconciliations, and collateral management. You will lead the organization through the complexity of a large-scale global operation, ensuring accurate trade processing, effective collateralization, robust risk management, regulatory compliance, and seamless day-to-day execution.

You will work closely with business, technology, risk, and control partners to drive innovation across processes and systems, enhancing efficiency, scalability, and risk management while ensuring operational solutions remain aligned with State Street's strategic objectives, industry best practices, and evolving market needs.

A significant part of your mandate will be the transformation of the function. You will have the opportunity to help shape the future operating model, modernize the technology infrastructure, and drive initiatives that reduce risk, improve efficiency, and accelerate speed to market. Success in this role will require balancing long-term transformation with an unwavering focus on day-to-day execution and client service.

The role can be based in Mumbai, Bangalore, or Hyderabad and reports directly to the SVP, Global Head of Financing and Portfolio Solutions Operations.

Why this role is important to us

The team you will be joining is a part of State Street Markets (SSM). As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

As one of the largest and most experienced providers of financing and portfolio solutions in the industry, we provide investors with market-leading expertise, technology and scale to accelerate decision making, enhance performance and unlock efficiencies across the entire trade lifecycle.

We are in the midst of a significant transformation as we modernize our technology architecture and transition from legacy platforms to a more scalable, future-state environment. The processes and functions that support our Agency Lending business are critical to the success of State Street Markets and operate at significant scale and complexity. This transformation presents a unique opportunity to help redesign and optimize key workflows, driving greater automation, efficiency and resiliency across the business. As one of the largest businesses within Markets, and one of the world's leading agent lenders, we provide the scale, visibility and impact to shape the future of a market-leading franchise.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As Head of Agency Lending Operations, Managing Director, you will:

Lead a global organization of 150+ professionals, driving consistent service delivery, robust governance and controls, operational resilience, and a culture of excellence across regions while setting the strategic direction for one of the industry's leading Agency Lending operations teams.

Own the end-to-end Agency Lending operating platform, overseeing trade capture, confirmations, settlement, clearing, reconciliation, cash movements, data management, and lifecycle events across loan and return activity, as well as bilateral and triparty transactions.

Provide strategic leadership across the Agency Lending collateral ecosystem, overseeing margin management, bilateral and triparty collateralization, dispute resolution, collateral sufficiency monitoring, and optimization throughout the lending lifecycle, including collateral impacts arising from corporate actions.

Shape the future of Agency Lending Operations by leading a significant transformation and modernization agenda. Partnering closely with Technology, Business, and Risk teams, you will help deliver scalable, automated future-state capabilities while optimizing the operating model and cost base to support growth, efficiency, and global consistency.

Champion a best-in-class risk and control environment, proactively identifying and mitigating operational, settlement, and counterparty risks, strengthening controls and operational resilience, and ensuring timely and effective management of incidents, remediation activities, and escalations.

Ensure the organization remains audit-ready and regulatory compliant, maintaining adherence to applicable regulations, internal policies, and industry standards while overseeing regulatory reporting, data governance, model risk requirements, and readiness for an evolving regulatory landscape.

Serve as a trusted partner to senior stakeholders and key market participants, leading relationships across Front Office, Custody, Risk/ERM, Compliance, Technology, counterparties, borrowers, custodians, clearing agents, and strategic vendors. You will act as a senior escalation point, helping ensure exceptional service delivery, strong cyber-risk oversight, and swift resolution of complex operational issues.

Build and inspire a high-performing global leadership team, attracting, developing, and retaining exceptional talent while strengthening succession planning, leadership depth, and an inclusive culture that enables individuals and teams to perform at their best.

Education & Preferred Qualifications

Bachelor’s degree in finance, economics, business, or related field is preferred. A postgraduate/professional qualification is advantageous

20+ years of experience in financial services operations, with focus on Agency Lending

Strong understanding of Agency Lending products and processes (e.g., trade lifecycle management/settlement/collateral, triparty agents, vendors)

Proven track record of strengthening risk and control environments and managing regulatory and operational risk.

Experience leading transformation initiatives, including process optimization, automation, and technology modernization.

Strong stakeholder management and influencing skills, with the ability to build effective partnerships across business, operations, technology, and corporate functions.

Strategic thinker with a proven change management mindset and experience driving large-scale initiatives.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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