ETF Basket Operations Specialist

J.P. Morgan; Boston (MA); On-site; USD 85,000 - 110,000; Full time

Job summary

JPMorgan Chase in Boston seeks an Analyst - ETF Basket Operations to ensure baskets reflect fund holdings, projected events, and valuations for efficient creation and redemption. This role requires meticulous attention to ETF mechanics and the ability to manage time-sensitive deliverables across multiple funds.

You will construct, project, and validate ETF baskets daily, coordinating with Fund Servicing teams to support accurate pricing, risk management, and timely settlements.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field.
• Strong analytical and problem-solving skills with high attention to detail.
• Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
• Effective communication skills with the ability to clearly articulate issues and resolutions.

Responsibilities

• Build, maintain, and publish daily ETF baskets in alignment with fund holdings.
• Project corporate actions (COACs), income accruals, and distributions into baskets in accordance with established methodology.
• Validate in-kind creation and redemption activity against published baskets, ensuring accuracy of securities, quantities, and cash components.
• Identify and resolve issues impacting trade processing, including ID mismatches, ineligible securities, or projection gaps.
• Perform T+1 projected versus actual analysis for income and explaining variances.
• Execute daily controls to ensure completeness and accuracy of baskets, projections, and valuations, escalating any risks or discrepancies.
• Partner with Fund Accounting, Trading, Corporate Actions, and Technology teams to resolve issues and support daily deliverables.
• Support new ETF launches through basket setup, testing, and validation activities.
• Contribute to process improvements and automation initiatives to enhance efficiency and reduce operational risk.

Skills

Analytical skills

Detail-oriented

Multi-tasking

Communication skills

Education

Bachelor’s degree in Finance, Accounting, or related field

Job description

JPMorgan Chase in Boston seeks an Analyst - ETF Basket Operations to ensure baskets reflect fund holdings, projected events, and valuations for efficient creation and redemption. This role requires meticulous attention to ETF mechanics and the ability to manage time-sensitive deliverables across multiple funds.

You will construct, project, and validate ETF baskets daily, coordinating with Fund Servicing teams to support accurate pricing, risk management, and timely settlements.