ETF Settlements, Senior Associate

Who we are looking for?

The Senior Associate, ETF Settlements is responsible for the accurate and timely settlement of primary-market ETF creation and redemption activity, including both in-kind and cash transactions. This role supports daily interaction with Authorized Participants (APs), brokers, custodians, and internal ETF servicing teams, while maintaining strong operational controls and supporting process improvement initiatives across the ETF settlement lifecycle.

Key Responsibilities

ETF Order Settlement

• Execute, monitor, and ensure timely settlement of ETF creations and redemptions (in-kind and cash) via NSCC/DTC and international CSDs, including collateralized DVP/FoP flows

• Review and validate order confirmations, settlement instructions, and applicable fees prior to release.

• Proactively investigate and resolve settlement fails, cash breaks, and position discrepancies.

Operational Controls & Risk Management

• Perform preparer and reviewer control functions in accordance with documented SOPs and risk standards.

• Ensure settlement activity complies with audit requirements, information-classification policies, and regulatory expectations.

• Escalate operational risks or material issues appropriately to management.

Client & Counterparty Engagement

• Act as a point of contact for APs and internal partners on settlement-related inquiries.

• Maintain accurate standing settlement instructions (SSIs) and supporting documentation.

• Deliver timely and professional responses to client and counterparty questions.

Systems & Reporting

• Utilize internal platforms (e.g., ETF Global Platform, Fund Connect, settlement and custody systems) for order processing, lifecycle monitoring, and reconciliations

• Prepare daily and periodic settlement, collateral, and exception reporting.

• Support data quality, metrics tracking, and management reporting.

Qualifications & Experience

• 2-3 years of experience in custody, settlements, or post-trade operations; ETF servicing experience strongly preferred.

• Understanding of ETF primary-market workflows, including in-kind baskets, cash components, and collateral is a plus

• Knowledge of NSCC/DTC settlement processes; familiarity with international CSDs is an advantage.

• High attention to detail, strong analytical skills, and ability to manage multiple priorities in a deadline-driven environment.

• Proficiency in Excel and operational platforms; experience with ETF Global Platform or Fund Connect is a plus.

Competencies

• Strong risk and control mindset

• Client-focused communication skills

• Ability to work independently while collaborating across global teams

• Continuous improvement orientation

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.