ETF Basket Operations, Assistant Vice President

State Street; Quincy (MA); On-site; USD 70,000 - 130,000; Full time

Benefits offered by this job

401K with company match

Medical insurance

Dental insurance

Vision insurance

Paid time off

Job summary

State Street is seeking an AVP - ETF Basket Operations to oversee daily basket production, maintain strong controls, and drive scalable processes at our Sacramento delivery center. You will lead managers and senior analysts across equity, fixed income, and complex ETFs, coordinating with onshore leadership and Technology to deliver high-quality outcomes.

You will serve as a senior escalation point, ensuring SLA adherence, business continuity, and proactive risk management while fostering a

Qualifications

• Bachelor’s degree required in Finance, Accounting, Business, or related field.
• Experience leading large teams in a delivery/shared-services setting is preferred.
• Strong understanding of ETF basket construction and primary market mechanics.

Responsibilities

• Lead daily ETF basket production, review, and approval in a high-volume environment.
• Act as senior escalation point for complex basket issues and time-sensitive events.
• Partner with Risk, Compliance and Audit to drive controls and issue remediation.

Skills

People management

Risk & controls

Clear communication

ETF basket knowledge

Automation collaboration

Education

Bachelor's degree in Finance/Accounting/Business

Tools

Workflow automation tools

ETF platforms

Job description

Who we are looking for?

The Assistant Vice President (AVP) - ETF Basket Operations is a senior operations leadership role responsible for the day‑to‑day oversight, control, and scalability of ETF basket production within State Street's Sacramento delivery center. This role ensures the timely, accurate, and controlled creation and approval of ETF baskets supporting global primary market activity.

The AVP will lead teams supporting equity, fixed income, and complex ETFs, act as a senior escalation point, and partner closely with onshore leadership, Technology, Risk, and Client Coverage to deliver consistent, high‑quality outcomes.

Key Responsibilities

Operations Leadership

• Lead daily ETF basket production, review, and approval activities within a high‑volume operating environment.
• Serve as senior escalation point for complex basket issues, discrepancies, and time‑sensitive events.
• Ensure SLA adherence, operational readiness, and business continuity coverage.

ETF Basket & Primary Market Oversight

• Oversee processing of cash and in‑kind baskets, custom/negotiated baskets, CIL events, and rebalances.
• Ensure accurate handling of corporate actions, income equalization, round lots, and market‑specific requirements.
• Maintain strong understanding of ETF primary market mechanics and order types.

Risk & Controls

• Ensure strong operational controls, dual approvals, and compliance with documented procedures.
• Partner with Risk, Compliance, and Audit on control testing, issue remediation, and operational reviews.
• Proactively identify risk themes and drive preventative solutions at scale.

People Management

• Lead, coach, and develop managers and senior analysts in Sacramento.
• Build strong bench strength, SMEs, and succession coverage.
• Foster a strong risk culture, accountability, and continuous improvement mindset.

Preferred Qualifications

• Proven people‑management experience in a delivery or shared‑services environment.
• Strong risk, controls, and escalation management capabilities.
• Clear, confident communicator across operational and senior‑stakeholder audiences.
• Understanding of ETF basket construction and approval processes.
• Experience supporting global ETF operating models or offshore/onshore delivery structures.
• Exposure to complex ETF products (fixed income, derivatives, active/semi‑transparent ETFs).
• Experience partnering with technology teams on workflow enhancements or automation.

Education

Bachelor's degree in Finance, Accounting, Business, or related discipline required.

About StateStreet

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility

We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range

$70,000 - $130,000 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.

Benefits

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
• incent