Basket Operations, Senior Associate
State Street•Sacramento, CA
About The Position
The Senior Associate in Basket Operations is responsible for managing the end-to-end ETF basket creation and approval process, ensuring accuracy, timeliness, and compliance with client and regulatory requirements. This role requires strong attention to detail, operational expertise, and the ability to work in a fast-paced environment.
Requirements
- 1–2 years in accounting, pricing, or corporate actions; ETF basket creation experience preferred.
- Strong analytical and problem-solving skills.
- Proficiency in Microsoft Excel and operational systems.
- Ability to manage multiple priorities under tight deadlines.
- Bachelor’s degree in Finance, Accounting, or related field preferred.
Nice To Haves
- ETF basket creation experience preferred.
Responsibilities
- Verify receipt of NAV and initiate basket build process.
- Validate round lots and approve basket.
- Review and apply corporate actions (e.g., stock splits, mergers, rights distributions) to baskets using ETF Global Platform.
- Prepare and review coversheets for reporting and fund modifications; ensure timely submission to BST.
- Monitor data quality and mitigate risks related to inaccurate or incomplete basket data.
- Participate in ETF fund launches, validate checklist items, and ensure readiness for model office testing.
- Respond to client inquiries regarding basket composition, corporate actions, and operational issues.
- Utilize platforms such as ETF Global Platform, Bloomberg, Excel, and Outlook for daily operations.
Benefits
- 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)
- eligibility for certain tax advantaged savings plans
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
5,001-10,000 employees
