Agency Lending Manager - Collateral & Settlements
About the job
- An MBA, Bachelor of Science, or Bachelor of Arts degree, or equivalent.
- At least 8 years of experience in a knowledge services environment serving capital markets in the securities lending domain.
- At least 8 years of experience managing operations across multiple locations.
- Experience handling a team of at least 5 to 10 people.
- Strong management and employee relations skills.
- In-depth knowledge of securities lending, mark to market, securities borrowing and lending, corporate actions, fixed-income or equity settlements, and collateral management.
- Subject matter expertise in global markets, securities finance, settlements and collateral, securities lending, mark to market, depositary and inventory management, financial accounting, enhanced custody, and corporate actions.
- Ability to work and communicate with people across organizational units in a global team environment.
- Ability to provide a high standard of customer service and proactively manage work queues.
- Strong risk mitigation, problem-solving, and decision-making skills.
- Ability to improve processes and reduce expenses.
- Ability to think critically and resolve complex problems.
- Ability to adopt a strategic mindset and consider the organization's longer-term needs.
- Ability to navigate challenges effectively as a change agent.
- Intermediate, demonstrable knowledge of Microsoft Office Suite, MCH, Euroclear/CREST, QlikView, DTCC, IHS Markit, Pirum, and EquiLend.
- Flexibility to work the North America shift from 5:00 PM to 2:00 AM India Standard Time.
- Process high volumes of international loans, recall returns, EquiLend and non-EquiLend broker returns daily while adhering to established procedures and controls.
- Monitor and resolve pending and aged failing returns, including contract comparison and billing activities.
- Interact with traders, client management, fund groups, and counterparties to resolve discrepancies.
- Execute instructions to receive or deliver securities from counterparties.
- Ensure the team meets agreed service-level agreements, key performance indicators, and key risk indicators, with daily documentation of evidence.
- Review contract comparison records and delivery-versus-payment arrangements to validate positions with each counterparty.
- Assist the business area with inquiries about transactional activity and coordinate responses with traders, corporate actions staff, and other internal teams.
- Ensure timely resolution of counterparty issues involving pricing, loan and borrow quantities, and related matters, while keeping management informed of potential issues.
- Identify and analyze operational risks in current and potential business activities and recommend procedural changes or improvements.
- Understand end-to-end processes, including new processes, and communicate potential process risks to managers.
- Capture and communicate risk probability and impact to key stakeholders and ensure appropriate mitigation strategies are agreed.
- Foster a risk excellence culture and encourage openness, transparency, challenge, debate, and discussion within the team.
- Establish a culture of individual and collective ownership and ensure staff understand their responsibilities and accountability.
- Develop effective working relationships with SSGM staff across locations and ensure adherence to the SSGM Code of Conduct.
- Influence and motivate the team, create an empowering climate, and foster communication across the organization.
- Adapt behavior and work methods in response to new information, changing environments, responsibilities, people, and organizational demands.
- Develop employees' and organizational competencies by sharing expertise, providing timely feedback, and coaching and mentoring staff.
- Track workflow queues, daily workload, pending requests, and mailbox activity to prevent issues and delays and maintain service-level agreement compliance, accuracy, and timely business-as-usual deliverables.
- Drive cross-group opportunities supporting client needs and contribute to operating-model enhancements and business-unit transformation initiatives.
- Deliver business and regulatory initiatives within established timelines and support financial commitments through improved client service.
- Drive process-improvement ideas that improve efficiency, save time, and reduce risk, while encouraging staff to think differently.
- Assess the internal control environment and drive year-over-year improvements and enhancements in partnership with global SSGM Business Controls teams.
About the company
State Street provides asset management and custody banking services for institutional investors worldwide, with State Street Global Advisors managing portfolios and offering advisory services. It generates revenue from asset management fees, transaction fees, and custody/administration fees, plus income from its own investments and lending activities. The company differentiates itself through its global scale and focus on institutional clients, offering integrated asset management, custody, administration, research, and trading across a broad network. Its goal is to help institutional clients meet their financial objectives by delivering comprehensive investment, risk management, and custody solutions on a global platform.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1792
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Simplify's Take
What believers are saying
- Second-quarter 2026 revenue hit $4.048 billion, up 17%, with record profitability.
- State Street posted record $87 million servicing wins and $384 billion AUC/A wins in 2Q26.
- September 2026 leadership changes put Tahiri on Alpha and Fogarty on enterprise technology.
What critics are saying
- State Street's 10-Q warns intense competition and significant pricing pressure across core fees.
- Reuters reported $206 million of layoffs-related charges in Q4 2025, showing cost cuts hurt profits.
- Lori Heinel retires in March 2027 after September 2026 leadership reshuffling, weakening continuity.
What makes State Street unique
- State Street runs $57.9 trillion AUC/A and $6.3 trillion AUM as of June 30, 2026.
- Alpha and Charles River give State Street a rare front-to-back institutional platform.
- Apollo-linked private credit ETFs position State Street for liquid access to private markets.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Flexible Work Hours
Remote Work Options
Professional Development Budget
Tuition Reimbursement
Paid Holidays
Employee Referral Bonus
Growth & Insights and Company News
6 month growth
↓ -8%1 year growth
↓ -8%2 year growth
↓ -8%SEI opens Singapore office to support growing Asset Management sector in Asia. Published Sep 30, 2026, 08:00 AM Launch Advances SEI's International Growth Strategy and Brings Leading Asset Servicing Capabilities to the Region SINGAPORE and OAKS, Pa., Sept. 30, 2026 /PRNewswire/ - SEI(R)(NASDAQ: SEIC) today announced the opening of its Singapore office, a strategic milestone that extends the company's global operations into one of the region's most important financial centers. SEI will initially offer services aligned with current client demand and market opportunities, including asset servicing, professional services, and the distribution of SEI's UCITS funds. As client adoption accelerates, the company expects to expand its regional capabilities, introduce additional locally relevant products, and further expand its enterprise asset management, technology, operations, and professional services offerings across Asia-Pacific. This expansion supports the continued growth and influence of the region's asset management sector. Sitting at the intersection of technology, operations, fund administration, and asset management, SEI's launch in Singapore comes at a time of strong growth in the industry. Assets under management (AUM) at Singapore-based firms grew by 10% from the previous year to reach S$6.7 trillion in 2025, their highest ever level.[1] With a global outlook, Singapore-based asset managers source more than three-fifths of AUM outside Singapore and 88% is invested globally.[2] SEI's launch in Singapore follows a period of strong business momentum, with demand accelerating across its technology, operations, and investment capabilities. SEI provides asset servicing for 48 of the world's 100 largest asset managers[3] and is one of the top five largest administrators of private assets globally.[4] The Singapore office will strengthen the company's ability to support global clients with Asian operations or regional growth ambitions while creating a platform to build new relationships in one of the world's leading asset management hubs. Connall McGuckian has been named Managing Director, Head of Singapore, responsible for driving growth in Asia-Pacific through SEI's integrated financial technology, operations, and asset management capabilities. McGuckian joins SEI from State Street Singapore, where he spent close to 14 years, most recently serving as Chief Operating Officer for the firm's Alternatives Investment Solutions in Asia-Pacific. He joined State Street in 2012 following its acquisition of Goldman Sachs Administration Services. Prior to that, he spent nine years at Goldman Sachs, relocating to Singapore in 2011 to establish Goldman Sachs Administration Services in Asia. Sanjay Sharma, CEO of SEI International and Global Head of SEI's Private Banking business, commented: "Singapore is a critical market for SEI's growth in Asia-Pacific and an important milestone in the evolution of our international business. As part of our international growth strategy, we're investing in markets where we believe we deliver the greatest value to clients. "Singapore's prominence as a global financial center, combined with the continued growth of the region's asset management industry, makes it an ideal location to expand our presence. Clients are increasingly looking for scalable, connected solutions that help them operate more efficiently, navigate complexity, and pursue growth across markets and jurisdictions. Connall's leadership and deep industry experience will be instrumental as we align SEI's capabilities with the evolving needs of clients in Singapore and across the broader Asia-Pacific region." McGuckian added: "As Asia-Pacific financial services firms look to expand across markets and asset classes, they need strategic partners that can help them navigate change, facilitate scale, simplify complexity, and position them for long-term growth. SEI brings the global infrastructure, operational expertise, technology capabilities, and professional services to enable clients to operate more efficiently. Establishing a presence in Singapore allows SEI to tap into exceptional local talent while supporting the continued growth and evolution of Asia's asset management industry. I look forward to growing SEI's client base and bringing the strength of its global platform to clients across the region." [1,2] Monetary Authority of Singapore, Singapore Asset Management Survey 2025. [3] Pensions & Investments' "Largest Money Managers" 2025 ranking, as of June 30, 2026 [4] Preqin, Private Assets Fund Administrator rankings, January 2026. Based on AUA. About SEI(R) SEI (NASDAQ: SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital - whether that's money, time, or talent - so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com. Forward-looking statements This communication contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "expect," "believe," "can," "continue," "seek," or similar expressions. SEI's forward-looking statements include its current expectations as to: * the potential benefits of the expansion of SEI's capabilities, products, and services in Singapore and across the Asia-Pacific region; * the potential benefits of SEI's Singapore office, including its ability to support clients, build new relationships, and grow its regional client base; and * SEI's ability to execute its international growth strategy and respond to evolving market opportunities and client needs. You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties, many of which are beyond management's control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward-looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2025, filed with the Securities and Exchange Commission. SEI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. | Company Contact: | Media Contact: | | Alicia Rudd | Jane Morgan | | SEI | Ashbury Communications | | +1 610-676-3887 | +65 8380 5203 | | [email protected] | [email protected] | (C) 2026 SEI The issuer is solely responsible for the content of this announcement.
State Street appointed transfer agent. 29 September 2026 Hong Kong Reporter: Madison Hendrickson State Street has been selected as Wellington Management's transfer agent on Hong Kong Exchanges and Cleaning Limited's (HKEX) integrated fund platform (IFP). According to the firm, it has executed Wellington's first fund subscription and redemption orders routed through the IFP. The platform is designed to strengthen Hong Kong's fund distribution infrastructure by connecting asset managers and distributors through a standardised digital channel. Speaking on the appointment, Tim Helyar, head of Asia Pacific at State Street, says: "This is an important milestone not only for Wellington Management and State Street, but also for the continued evolution of Hong Kong's fund distribution ecosystem." Helyar notes that "global asset managers are looking for more efficient ways to connect with distributors and investors across the region", and that the IFP has the potential to simplify that process. Cedric R. Pouillart, managing director, head of office for Hong Kong, director of trading, APAC, at Wellington Management, adds: "This successful implementation demonstrated the benefits of industry participants working together to enhance access and efficiency across Hong Kong's fund ecosystem." Previous industry article Next industry article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
State Street must face $8B AT&T pension risk transfer suit. By Kellie Mejdrich ( September 28, 2026, 6:33 PM EDT) - A Massachusetts federal judge on Monday has released AT&T from a proposed class action filed by retirees who claim the telecom company breached fiduciary duties through its $8 billion pension risk transfer, but opened discovery on allegations that AT&T's independent fiduciary, State Street, violated federal benefits law with the deal... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles Experience Law360 today with a free 7-day trial. Attached documents. Related sections. Case information. Case title. Case number. Court. Nature of suit. Judge. Date filed. Law firms. Companies. Government agencies. Judge analytics. powered by Lex Machina(R) From major deals to high-profile litigation, the firms named to Law360's 2026 Regional Powerhouses list are leading the way across 14 states. They deliver deep regional expertise and make a lasting impact at the state and local level.
Alpha FMC hires State Street's Wightman as senior partner. Mark Wightman will work within the firm's asset and wealth management consulting division 28 September 2026 Financial services consultancy Alpha FMC has hired Mark Wightman as senior partner within its asset and wealth management consulting division. Wightman joins from State Street, where he spent nine months as executive vice president and head of strategic transformation. Prior to this, he worked at EY for 11 years, latterly as a partner within its wealth and asset management transformation team. He has also held roles at SunGard as head of alternatives, and at SuperDerivatives as vice president, Asia Pacific, over a career spanning 30 years. In his new role, Wightman will focus on continuing to grow Alpha FMC's international asset and wealth management consulting business, as well as to strengthen the firm's global client relationships. He will be focusing in particular on the UK, Middle East and Asia Pacific. Commenting on his appointment, Wightman said: "I'm excited to be joining Alpha at this stage of their global growth as the next five years will bring more change than the last 20, as geopolitics, AI and quantum transform how asset & wealth management firms do business. "Alpha brings industry depth, scale and agility which are critical enablers to client success." MORE ARTICLES ON
Shaken by '11th hour' squabbling, $1B Genesis bankruptcy deal faces unexpected make-or-break test. September 28, 2026 Less than a week after Genesis Healthcare sued the firm selected to buy it out of bankruptcy, the day-to-day work of the case continues - a sign that a carefully constructed deal may be back from the brink of collapse. Federal bankruptcy judge Stacey Jernigan on Monday approved a motion that will divide $24 million in cash among dozens of post-petition creditors, or those Genesis came to owe after declaring bankruptcy in July 2025. That was the only order in a relatively quick hearing that likely signals both sides are still working toward completing their nearly $1 billion deal this week. NewGen Health and its 101 W. State Street Holdings were selected as the buyer of the 175-facility nursing home chain and its nearly 300 subsidiaries during an auction in January. Last week the deal appeared close to imploding, and it's not entirely clear that it still won't. Genesis sued W. State Street last Thursday, alleging that it was using "11th hour" strategies to trim its purchase price by about $100 million and dip into funds intended for creditors. The chain's leaders asked the court to hear arguments on an emergency motion to uphold terms of a purchase agreement approved in January and amended in April. Genesis noted that the attempt to renegotiate certain terms, including a promissory note that passes some proceeds to creditors, comes only after the window for Genesis to potentially work with an alternate back-up bidder expired. By raising issues in the weeks leading up to a final closing date, Genesis' attorneys argued W. State Street was holding it "hostage, placing the Debtors in an untenable position: agree to material reductions in purchase price or risk jeopardizing the sale completely." Uncertainty in the air. Genesis also said in its lawsuit that the buyer's actions are suggesting that if the debtors do not accept the new terms, the deal "will not close." Attorney John Anthony represents 387 claimants in the case, and was in the courtroom Monday for the approval of the $24 million tort claim settlement. He called that settlement a victory for a small group of personal injury tort claimants, adding that "provides certainty of relatively rapid payments." But nothing's certain for Anthony's other clients until Genesis finalizes its sale and knows exactly how much cash it has to divide among its creditors. "We fought hard early this year to make this process possible, and we hope and expect that State Street will proceed to closing as agreed," Anthony told McKnight's Long-Term Care News Monday. Jernigan did not rule on Genesis' request for emergency relief Monday, but continued the hearing until Thursday. That's the day after Genesis and W. State Street had most recently agreed to close their sale. Genesis attorneys have said allowing the closing to linger beyond Sept. 30 potentially would give the buyer the right to walk out and reclaim a $76.3 million deposit. They also said W. State Street has suggested that if the expected closing date were extended by another month, it "will be unable to close." "To make matters worse, buyer's last-minute maneuvering exacerbates the uncertainty and risk that the debtors' residents and employees have already faced during the pendency of these cases," the lawsuit stated. Regulator hurdles remain. In a statement emailed to McKnight's, Genesis' reconstituted leadership team said the late-stage negotiations are having no impact on operations. "We remain committed to moving the process forward and working toward a closing," spokeswoman Trella C. Greaser. "Our focus continues to be on supporting our patients, residents and employees and preparing for a smooth transition." One of the major hurdles identified in the Genesis lawsuit, however, is that W. State Street's slow start to seeking regulatory approval for takeovers has left it without change of ownership permission for more than 70 facilities. Genesis also noted that an unnamed number of facilities had received HUD-required "change of operator" approvals for financing agreements only "days ago." Last week, Jernigan said she was "dismayed" over the latest controversies, which followed a related Sept. 15 settlement that she had heralded as a "watershed moment" in the complicated case. "I'm hopeful [what remains to negotiate] is not significantly contentious, and any issues are, hopefully, legal issues and not factual issues," he told Jernigan.