ETF Basket Operations, Officer

State Street•Quincy, MA

About The Position

The Officer supports State Street’s ETF Basket Operations team by ensuring the accurate and timely creation, validation, and dissemination of ETF baskets. The role supports primary-market ETF transactions, with a focus on operational integrity, client confidence, and regulatory compliance. It requires strong attention to detail, operational expertise, and the ability to work effectively with multiple stakeholders in a fast-paced environment. The position validates NAV receipt and initiates basket builds; reviews and approves baskets at multiple levels under client-specific procedures; supports in-kind trade generation and Portfolio Composition File dissemination; and monitors platforms for order processing and approvals. The Officer performs tolerance-based checks, escalates discrepancies, validates corporate events and round lot factors, and helps mitigate data-quality and operational risks. The role also responds to client and internal inquiries about basket status and operational issues. The role requires a bachelor’s degree in Finance, Economics, or a related field and 2–4 years of experience in ETF operations, fund accounting, or securities processing. State Street describes its benefits as including medical and insurance coverage, savings plans, flexible work programs, development programs, and educational support. The stated annual salary range is $60,000–$101,250 for the primary location; the applicable range may differ for other locations.

Requirements

Bachelor’s degree in Finance, Economics, or a related field.
2–4 years of experience in ETF operations, fund accounting, or securities processing.
Strong understanding of ETF products and primary-market operations.
Proficiency with ETF Global Platform, Fund Connect, Bloomberg, and Excel.
Effective communication and problem-solving skills.
Ability to manage multiple priorities under tight deadlines.
Familiarity with regulatory requirements and operational risk controls.

Responsibilities

Validate receipt of NAV and initiate the basket build process.
Review and approve baskets at Level 1 and Level 3, ensuring compliance with client-specific procedures.
Support in-kind trade generation and Portfolio Composition File (PCF) dissemination.
Monitor ETF Global Platform and Fund Connect for order processing and basket approvals.
Execute tolerance-based checks, such as Cash Component Macro, to identify discrepancies and promptly escalate issues.
Adhere to AML and sanctions monitoring standards during daily operations.
Validate corporate events and round lot factors to ensure accurate data for basket builds.
Mitigate risks related to data quality and operational errors.
Respond to client and internal team inquiries regarding basket status and operational issues.
Communicate clearly and professionally to maintain confidence in ETF servicing.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other 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, except 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.