ETF Basket Specialist

U.S. Bank; Tempe (AZ); On-site; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability benefits

Parental leave

401(k) plan

Vacation (paid)

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking an ETF Operations professional to oversee daily ETF file production, calculate gains/losses on cash in lieu trades, and prepare listing documents for new ETFs. You will coordinate reporting needs and serve as a liaison to internal and external stakeholders within Global Fund Services.

The role leads a team of Operations Specialists, staying up-to-date with industry changes and supporting ETF launches and daily operations for clients.

Qualifications

• Bachelor's degree or equivalent work experience.
• 1–2 years direct experience, or 3–5 years related experience.

Responsibilities

• Oversee daily production of ETF files and gain/loss calculations.
• Prepare exchange listing documents and coordinate reporting for new ETFs.
• Coordinate reporting needs with internal and external stakeholders.
• Lead a team of Operations Specialists and mentor staff.

Skills

ETF Operations

Client onboarding

Trade settlement

Multitasking

Communication skills

Microsoft Office

Education

Bachelor's degree

Equivalent work experience

Tools

Microsoft Office

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Oversee daily production of required Exchange Traded Funds (ETF) files, calculates gain/loss on cash in lieu trades, prepares exchange listing documents, coordinates reporting needs for new ETFs, and serves as liaison to internal and external stakeholders. Will lead a team of Operations Specialists while keeping abreast of industry updates and answering any operational questions that arise for all ETF clients. Responsible for working with fund clients during ETF launches and communication of daily ETF operations to clients and other business lines within Global Fund Services.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• One to two years of direct experience, or three to five years of related experience

Preferred Skills/Experience

• Experience directly related to ETF Operations; basket production, client onboarding or trade settlement
• Knowledge of NSCC eligibility requirements, capital markets and exchange listing rules
• Understanding of ETF create/redeem process
• Experience working directly with issuers, market makers, authorized participants and sub advisors
• General knowledge and understanding of legal, regulatory and accounting principles which directly affect the ETF industry and their clients
• Experience managing multiple tasks/projects and deadlines simultaneously
• Good verbal and written communication skills
• Proficient computer skills, especially Microsoft Office applications

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Pay Range: $60,435.00 - $71,100.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.