Who We Are Looking ForThe Officer will play a key role in supporting the ETF Basket Operations team, ensuring accurate and timely creation, validation, and dissemination of ETF baskets. This position requires strong attention to detail, operational expertise, and the ability to work in a fast-paced environment with multiple stakeholders.
Why This Role Is ImportantETF Basket Operations is critical to the functioning of primary market ETF transactions. Accurate basket creation and settlement underpin client confidence and regulatory compliance. This role ensures operational integrity and supports State Street's leadership in ETF servicing.
Key ResponsibilitiesBasket Creation & Validation- Validate receipt of NAV and initiate basket build process.
- Review and approve baskets at multiple levels (Level 1 and Level 3), ensuring compliance with client-specific procedures.
- Support in-kind trade generation and PCF (Portfolio Composition File) dissemination.
- Monitor ETF Global Platform and Fund Connect for order processing and basket approvals.
- Execute tolerance-based checks (e.g., Cash Component Macro) to identify discrepancies and escalate issues promptly.
- Adhere to AML and sanctions monitoring standards during daily operations.
- Validate corporate events and round lot factors; ensure accurate data for basket builds.
- Mitigate risks related to data quality and operational errors.
Client & Internal Communication- Respond to inquiries from clients and internal teams regarding basket status and operational issues.
- Provide clear and professional communication to maintain confidence in ETF servicing.
Skills & Competencies- Strong understanding of ETF products and primary market operations.
- Proficiency in systems such as ETF Global Platform, Fund Connect, Bloomberg, and Excel.
- Effective communication and problem-solving skills.
- Ability to manage multiple priorities under tight deadlines.
Education & Experience- Bachelor's degree in Finance, Economics, or related field.
- 2-4 years of experience in ETF operations, fund accounting, or securities processing.
- Familiarity with regulatory requirements and operational risk controls.
Salary Range: $60,000 - $101,250 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; 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); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
