ETF Servicing Operations

ntrs; Boston (MA); Hybrid; USD 74,000 - 118,000; Full time

Job summary

Northern Trust is seeking an ETF Operations Product Analyst to support North American ETF servicing across the primary market lifecycle, including creation/redemption order support, basket production and dissemination, and settlement-related activities.

You will partner with operations, oversight, and technology teams to ensure accurate execution, maintain controls, and drive ongoing process improvements in a hybrid work environment.

Qualifications

• 3-5 years of ETF operations or servicing experience.
• Experience with transfer agency, order support, basket operations, or related functions.
• Knowledge of ETF products and primary market workflows.
• Ability to collaborate with internal and external teams and manage high-volume work.
• Strong Excel and systems skills and attention to detail.

Responsibilities

• Oversee ETF servicing across the primary market lifecycle: creation/redemption, baskets, and settlement support.
• Monitor workflow milestones, investigate exceptions, and coordinate resolutions.
• Coordinate with internal and external teams to manage inquiries and timely execution.
• Produce and reconcile ETF data to support reporting and controls.
• Maintain procedures and operating guides to keep docs current.
• Execute ETF controls within the control framework.
• Define business requirements with tech and operations; support testing and enhancements.
• Drive continuous improvement by identifying root causes and measuring service quality.

Skills

ETF operations

Attention to detail

Excel

Communication

Time management

Education

Bachelor degree or equivalent

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Summary

The ETF Operations Product Analyst supports North American ETF servicing across the primary market lifecycle, including creation/redemption order support, basket production and dissemination, and settlement-related activities.

This role partners with operations, oversight, and technology teams to support accurate execution, maintain strong operational controls, and drive ongoing process and system enhancements.

Major Duties

• Oversee day-to-day ETF servicing activities across the primary market lifecycle, including creation/redemption order processing, basket production and dissemination, and settlement support
• Monitor key workflow milestones, investigate exceptions, and coordinate timely resolution across internal teams and external operational parties
• Coordinate with internal teams and external operational counterparts to manage inquiries, resolve issues, and maintain timely workflow execution
• Produce, validate, and reconcile ETF operational data to support daily reporting, operational controls, and accurate processing
• Maintain procedures, service documents, and operating guides to ensure documentation remains current as processes evolve
• Execute and evidence ETF-specific controls in alignment with the established control framework
• Partner with technology and operations teams to define business requirements, support testing, and validate enhancements
• Drive continuous improvement by identifying root causes, recommending process enhancements, and developing metrics to measure service quality and productivity

#LI-MG1 #Hybrid

Experience/Qualifications

• College or University degree and/or equivalent relevant work experience
• 3-5 years of ETF operations or servicing experience, including transfer agency and order support, AP servicing, basket operations, fund accounting, custody operations, or related functions
• Working knowledge of ETF products, primary market workflows, and the operational lifecycle across orders, baskets, and settlement
• Understanding of how internal teams and external operational parties interact across ETF servicing processes
• Strong process orientation, attention to detail, and ability to prioritize effectively in a time-sensitive, high-volume environment
• Ability to analyze operational breaks, perform reconciliations, and drive issue resolution across teams
• Strong Excel and systems skills, with the ability to support process changes and testing activities
• Strong written and verbal communication skills
• Demonstrated flexibility and adaptability, with the ability to operate effectively in an evolving environment with developing processes, controls, and technology

Salary Range

$73,500 - 117,700 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabili