State Street
Finance / FinServ
ETFSettlements,SeniorAssociate
Neural analysis suggests this role is
optimal for Mid candidates.
“ETF Settlements, Senior Associate at State Street. Skills: ETF Settlements, NSCC/DTC settlement, in-kind and cash transactions, operational controls, risk management. Accurate and timely settlement of primary-market ETF creation and redemption activity, including both in-kind and cash transactions.. Supports 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; Escalate operational risks or material issues appropriately to management
Industry & Context.
High attention to detail; analytical skills; Proactively investigate and resolve settlement fails, cash breaks, and position discrepancies
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.
Supports daily interaction with Authorized Participants (APs)
and internal ETF servicing teams.
Maintaining operational controls and 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
Supports 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.; Ability to work independently while collaborating across global teams
Communication Scope
Client-focused communication skills; Deliver timely and professional responses to client and counterparty questions
Full Job Description
**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 **What you will be responsible for** **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** * 1-2 years of experience in custody, settlements, or pos
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