Who We Are Looking ForThe ETF Settlements Officer ensures accurate and timely settlement of primary-market ETF creations and redemptions-both in-kind and cash-while maintaining strong operational controls. This role involves close coordination with authorized participants (APs), brokers, custodians, and internal ETF servicing teams to deliver seamless post-trade execution.
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 Responsibilities: - Execute and monitor settlement of ETF orders (in-kind and cash) through CSDs and DTC/NSCC, ensuring proper DVP/FoP flows.
- Validate order confirmations, reconcile ETF shares and basket components, and resolve settlement fails and cash breaks promptly.
- Coordinate settlement instructions with APs, brokers, and custodians; manage manual bookings when required.
- Utilize internal platforms (e.g., Fund Connect, ETFGP, Enlighten) for order processing and lifecycle monitoring.
- Calculate and verify create/redeem fees, collateral requirements, and ensure accurate posting to custody and fund records.
- Prepare daily/weekly reporting, track operational metrics, and support process improvement initiatives.
- Respond to client inquiries with clear, timely communication and maintain strong cross-functional relationships.
- Adhere to risk and control standards, audit requirements, and information-classification policies.
Required Education & Experience:- 3-5+ years in custody/settlements or post-trade operations; ETF servicing experience preferred.
- Knowledge of in-kind basket workflows, cash DVP, and settlement via NSCC/DTC and international CSDs.
- Proficiency in Excel and operational tools; familiarity with Fund Connect, ETFGP, and Enlighten is a plus.
- Strong analytical and reconciliation skills; ability to work under tight deadlines with attention to detail.
- Excellent communication skills and ability to engage clients and internal partners.
- Bachelor's degree in Finance, Accounting, Economics, or related field.
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.
