ETF Basket Creation, Associate 2

State Street • Sacramento, CA

1d

About The Position

The Associate II, Basket Operations supports the daily production, validation, and release of ETF creation and redemption baskets. This role performs intermediate‑level processing and review activities, ensuring accuracy, timeliness, and adherence to established controls across basket builds, cash components, corporate action adjustments, and intraday (T+0) workflows. The Associate II partners closely with ETF Lead teams, Trading, Transfer Agency, Pricing, Settlements, and Technology to mitigate operational risk and deliver high‑quality client outcomes.
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.

Requirements

• Bachelor’s degree or equivalent work experience.
• Strong attention to detail and control‑oriented mindset.
• Ability to manage time‑sensitive deliverables in a high‑volume environment.
• Solid analytical and problem‑solving skills with clear escalation judgment.
• Effective written and verbal communication; strong collaboration skills.
• Proficiency with operational platforms, Excel, and standard productivity tools.

Nice To Haves

• 0-2 years of operations experience within asset management, custody, fund accounting, or ETF servicing is a plus
• Working knowledge of ETF primary‑market operations, basket mechanics, and corporate actions preferred.

Responsibilities

• Produce, review, and validate daily ETF baskets, including cash components, interest factors, and other income adjustments, prior to release and approval
• Execute and evidence required control checks (e.g., basket review macros, early/late index comparisons) and escalate exceptions in a timely manner.
• Process and review corporate action impacts on baskets (e.g., splits, mergers, delistings) and ensure standing instructions are accurately applied.
• Input and review Cash‑in‑Lieu (CIL) adjustments in accordance with client instructions and procedural controls.
• Adhere to documented procedures, AML escalation standards, and risk controls to prevent financial or reputational impact.
• Maintain accurate documentation, checklists, and evidence to support audits and management review.
• Coordinate with internal partners (ETF Leads, Trading, Pricing, Settlements, Technology) to resolve issues and support launches, liquidations, and fund changes.
• Identify process improvements and participate in training and knowledge‑sharing initiatives.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level