ETF Settlements Analyst: In-Kind & Cash

State Street Corp; Sacramento (CA); On-site; USD 60,000 - 101,000; Full time

Job summary

State Street Corp is seeking an ETF Settlements Officer to ensure accurate and timely settlement of primary-market ETF creations and redemptions, in-kind and cash, coordinating with APs, brokers, custodians and ETF servicing teams.

The role requires 3-5+ years in custody/settlements, familiarity with NSCC/DTC and international CSDs, and strong analytical, reconciliation and communication skills. A Bachelor’s degree in Finance or related field is preferred.

Qualifications

• 3-5+ years in custody/settlements or post-trade operations; ETF servicing experience preferred.
• Knowledge of in-kind basket workflows, cash DVP, and settlement via NSCC/DTC and international CSDs.
• Proficiency in Excel and operational tools; familiarity with Fund Connect, ETFGP, and Enlighten is a plus.
• Strong analytical and reconciliation skills; ability to work under tight deadlines with attention to detail.
• Excellent communication skills and ability to engage clients and internal partners.

Responsibilities

• Execute and monitor settlement of ETF orders (in-kind and cash) through CSDs and DTC/NSCC; ensure proper DVP/FoP flows.
• Validate order confirmations, reconcile ETF shares and basket components, and resolve settlement fails and cash breaks promptly.
• Coordinate settlement instructions with APs, brokers, and custodians; manage manual bookings when required.
• Utilize internal platforms (e.g., Fund Connect, ETFGP, Enlighten) for order processing and lifecycle monitoring.
• Calculate and verify create/redeem fees, collateral requirements, and ensure accurate posting to custody and fund records.
• Prepare daily/weekly reporting, track operational metrics, and support process improvement initiatives.
• Respond to client inquiries with clear, timely communication and maintain strong cross-functional relationships.
• Adhere to risk and control standards, audit requirements, and information-classification policies.

Job description

State Street Corp is seeking an ETF Settlements Officer to ensure accurate and timely settlement of primary-market ETF creations and redemptions, in-kind and cash, coordinating with APs, brokers, custodians and ETF servicing teams.

The role requires 3-5+ years in custody/settlements, familiarity with NSCC/DTC and international CSDs, and strong analytical, reconciliation and communication skills. A Bachelor’s degree in Finance or related field is preferred.