ETF Settlements Specialist — In-Kind & Cash Ops

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

Job summary

State Street in Sacramento seeks an ETF Settlements Officer to ensure accurate and timely settlements of primary-market ETF creations and redemptions, coordinating with APs, brokers, custodians, and ETF servicing teams.

The role emphasizes strong operational controls, reconciliation, and client communications to support seamless post-trade execution. A Bachelor’s degree in Finance or related field is required, with 3–5+ years in custody/settlements or post-trade operations.

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.
• Bachelor’s degree in Finance, Accounting, Economics, or related field.

Responsibilities

• Execute and monitor settlement of ETF orders (in-kind and cash) through CSDs and DTC/NSCC, ensuring 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.

Skills

Custody/Settlements

Post-trade operations

ETF servicing

Excel

Communication

Education

Bachelor’s degree in Finance/Accounting/Economics

Tools

Excel

Fund Connect

ETFGP

Enlighten

Job description

State Street in Sacramento seeks an ETF Settlements Officer to ensure accurate and timely settlements of primary-market ETF creations and redemptions, coordinating with APs, brokers, custodians, and ETF servicing teams.

The role emphasizes strong operational controls, reconciliation, and client communications to support seamless post-trade execution. A Bachelor’s degree in Finance or related field is required, with 3–5+ years in custody/settlements or post-trade operations.