ETF Settlements, Senior Associate

Senior Associate, ETF Settlements

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

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.

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.

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.

Salary Range: $52,000 - $84,760 Annual