ETF Basket Specialist

U.S. Bank • Tempe, AZ

3d

About The Position

The ETF Basket Specialist oversees the daily production of required Exchange Traded Funds (ETF) files, calculates gain or loss on cash-in-lieu trades, prepares exchange listing documents, coordinates reporting needs for new ETFs, and serves as a liaison to internal and external stakeholders. The role leads a team of Operations Specialists, keeps abreast of industry updates, and answers operational questions for ETF clients. It also works with fund clients during ETF launches and communicates daily ETF operations to clients and other business lines within Global Fund Services.

Requirements

• Bachelor's degree or equivalent work experience.
• One to two years of direct experience, or three to five years of related experience.

Nice To Haves

• Experience directly related to ETF operations, including basket production, client onboarding, or trade settlement.
• Knowledge of NSCC eligibility requirements, capital markets, and exchange listing rules.
• Understanding of the ETF create/redeem process.
• Experience working directly with issuers, market makers, authorized participants, and sub-advisors.
• General knowledge and understanding of legal, regulatory, and accounting principles that directly affect the ETF industry and its clients.
• Experience managing multiple tasks or projects and deadlines simultaneously.
• Good verbal and written communication skills.
• Proficient computer skills, especially Microsoft Office applications.

Responsibilities

• Oversee daily production of required ETF files.
• Calculate gain or loss on cash-in-lieu trades.
• Prepare exchange listing documents.
• Coordinate reporting needs for new ETFs.
• Serve as a liaison to internal and external stakeholders.
• Lead a team of Operations Specialists.
• Keep abreast of industry updates and answer operational questions for ETF clients.
• Work with fund clients during ETF launches.
• Communicate daily ETF operations to clients and other business lines within Global Fund Services.

Benefits

• Healthcare (medical, dental, and vision).
• Basic term and optional term life insurance.
• Short-term and long-term disability.
• Pregnancy disability and parental leave.
• 401(k) and employer-funded retirement plan.
• Paid vacation, from two to five weeks depending on salary grade and tenure.
• Up to 11 paid holiday opportunities.
• Adoption assistance.
• Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase.
• Pension.

What This Job Offers

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