ETF Basket Operations, Officer

State Street; Quincy (MA); Vor Ort; USD 60.000 - 101.000; Vollzeit

Zusammenfassung

State Street in Quincy, MA is seeking an Officer to support the ETF Basket Operations team, ensuring accurate creation, validation, and dissemination of ETF baskets. The role emphasizes attention to detail and the ability to work with multiple stakeholders in a fast-paced environment.

You will validate NAV receipts, oversee basket builds, and collaborate with clients and internal teams to maintain regulatory compliance and operational integrity in primary ETF transactions.

Qualifikationen

• 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.

Aufgaben

• Validate NAV receipt and initiate basket build.
• Review and approve baskets at Level 1 and Level 3.
• Support in-kind trade generation and PCF dissemination.
• Monitor ETF Global Platform and Fund Connect for orders.
• Execute tolerance-based checks and escalate issues.
• Adhere to AML and sanctions monitoring standards.
• Validate corporate events and round lot factors.
• Mitigate risks related to data quality and operational errors.

Kenntnisse

ETF products

Primary market ops

Communication

Time management

Excel

Bloomberg

Ausbildung

Bachelor's degree in Finance or Economics

Tools

ETF Global Platform

Fund Connect

Bloomberg

Excel

Jobbeschreibung

Who We Are Looking For

The 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 Important

ETF 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

Basket 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 elevate 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.

About State Street

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

$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.

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
• 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 .

About State Street

Across the globe, institutional investors rely on us to help them manag