ETF Basket Operations, Assistant Vice President

State Street•Quincy, MA

23h•$70,000 - $130,000

About The Position

The Assistant Vice President (AVP) – ETF Basket Operations is a senior operations leadership role responsible for day-to-day oversight, control, and scalability of ETF basket production within State Street’s Sacramento delivery center. The role ensures timely, accurate, and controlled creation and approval of ETF baskets supporting global primary market activity. The AVP leads teams supporting equity, fixed income, and complex ETFs, acts as a senior escalation point, and partners with onshore leadership, Technology, Risk, and Client Coverage to deliver consistent, high-quality outcomes. State Street provides investment servicing, data and analytics, investment research and trading, and investment management to institutional clients. The company describes its benefits as competitive and comprehensive, with details varying by location.

Requirements

Bachelor’s degree in Finance, Accounting, Business, or a related discipline.

Nice To Haves

Proven people-management experience in a delivery or shared-services environment.
Strong risk, controls, and escalation management capabilities.
Clear, confident communication across operational and senior-stakeholder audiences.
Understanding of ETF basket construction and approval processes.
Experience supporting global ETF operating models or offshore/onshore delivery structures.
Exposure to complex ETF products, including fixed income, derivatives, and active or semi-transparent ETFs.
Experience partnering with technology teams on workflow enhancements or automation.

Responsibilities

Lead daily ETF basket production, review, and approval activities in a high-volume operating environment.
Serve as the senior escalation point for complex basket issues, discrepancies, and time-sensitive events.
Ensure service-level agreement adherence, operational readiness, and business continuity coverage.
Oversee processing of cash and in-kind baskets, custom and negotiated baskets, CIL events, and rebalances.
Ensure accurate handling of corporate actions, income equalization, round lots, and market-specific requirements.
Maintain a strong understanding of ETF primary market mechanics and order types.
Ensure strong operational controls, dual approvals, and compliance with documented procedures.
Partner with Risk, Compliance, and Audit on control testing, issue remediation, and operational reviews.
Identify risk themes and drive preventative solutions at scale.
Lead, coach, and develop managers and senior analysts in Sacramento.
Build bench strength, subject-matter expertise, and succession coverage.
Foster a strong risk culture, accountability, and continuous improvement.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Programs and work-life support.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.