State Street
Finance / FinServ
ETFSettlements,SeniorAssociate
“ETF Settlements, Senior Associate at State Street. Skills: ETF Settlements, ETF creation and redemption activity, In-kind and cash transactions, Settlement lifecycle. Accurate and timely settlement of primary-market ETF creation and redemption activity, including both in-kind and cash transactions. Daily interaction with Authorized Participants (APs), brokers, custodians, and internal ETF servicing teams”
What You'll Achieve.
Accurate and timely settlement of primary-market ETF creation and redemption activity; Ensure settlement activity complies with audit requirements, information-classification policies, and regulatory expectations
Industry & Context.
Analytical skills; Ability to manage multiple priorities in a deadline-driven environment
What They're Looking For.
Must Have
1-2 years of experience in custody, settlements, or post-trade ETF servicing experience strongly preferred
Nice to Have
Understanding of ETF primary-market workflows, including in-kind baskets, cash components, and collateral is a plus, Knowledge of NSCC/DTC settlement familiarity with international CSDs is an advantage, Proficiency in Excel and operational experience with ETF Global Platform or Fund Connect is a plus
What You'll Do.
Accurate and timely settlement of primary-market ETF creation and redemption activity
including both in-kind and cash transactions
Daily interaction with Authorized Participants (APs)
and internal ETF servicing teams
Maintaining operational controls
Supporting process improvement initiatives across the ETF settlement lifecycle
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
and position discrepancies
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
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
Utilize internal platforms (e. g.
settlement and custody systems) for order processing
Prepare daily and periodic settlement
and exception reporting
and management reporting
How You'll Work.
Team & Collaboration
Daily interaction with Authorized Participants (APs), brokers, custodians, and internal ETF servicing teams; Act as a point of contact for APs and internal partners on settlement-related inquiries; Collaborating across global teams
Communication Scope
Client-focused communication skills
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