ETF Basket Operations, Officer

State Street•Quincy, MA

1d•$60,000 - $101,250

About The Position

The Officer supports the ETF Basket Operations team by ensuring the accurate and timely creation, validation, and dissemination of ETF baskets. The role contributes to the integrity of primary-market ETF transactions, client confidence, and regulatory compliance, working with multiple stakeholders in a fast-paced environment. Responsibilities include validating NAV receipt and initiating basket builds; reviewing and approving baskets at Level 1 and Level 3 according to client-specific procedures; supporting in-kind trade generation and PCF dissemination; monitoring ETF Global Platform and Fund Connect for order processing and basket approvals; and performing tolerance-based checks to identify discrepancies and escalate issues. The Officer also follows AML and sanctions monitoring standards, validates corporate events and round lot factors, and mitigates data-quality and operational risks. The role communicates with clients and internal teams about basket status and operational issues. The position requires a 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, and the ability to manage competing priorities under tight deadlines. A bachelor's degree in Finance, Economics, or a related field and 2–4 years of relevant experience are required.

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 in accordance with client-specific procedures.
Support in-kind trade generation and PCF (Portfolio Composition File) dissemination.
Monitor ETF Global Platform and Fund Connect for order processing and basket approvals.
Perform tolerance-based checks, such as Cash Component Macro, to identify discrepancies and escalate issues promptly.
Follow AML and sanctions monitoring standards during daily operations.
Validate corporate events and round lot factors to ensure accurate basket-build data.
Mitigate risks related to data quality and operational errors.
Respond to client and internal inquiries about 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 coverages.
Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with certain sales-role exceptions.
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.