ETF Capital Markets Specialist, VP - State Street Investment Management

State Street•New York, NY

About The Position

This role will be responsible for garnering support from ETF liquidity providers and Authorized Participants to provide market quality and liquidity in SPDR ETFs. This individual will be a point of contact for ETF traders regarding the pricing and trading of our product lineup and will lead projects with various internal teams and stakeholders to improve the structure and tradability of SPDR ETFs to best compete in the marketplace. Additionally, this individual will also take a leadership role with the data analysis and reporting needs of the Capital Markets team. Furthermore, this role will support our business development efforts with market makers, broker dealers, and exchanges in seeking broader support for our ETF franchise from a liquidity provision perspective, particularly with top tier firms providing Lead Market Making and Agency AP services to the marketplace. Lastly, this role will serve as the main, dedicated Capital Markets specialist, supporting the Select Sector Sales, Strategy & Research and Marketing Teams.

Requirements

7-10 years of experience in capital markets with a strong ETF background, preferably experience across asset classes – equities, fixed income, and derivatives
Enthusiasm for the ETF Industry, a positive attitude, and a drive to succeed
Able to multi-task and work effectively at various levels of an organization, including managing and engaging with senior level executives
Experience working on or leading strategic project teams
Highly organized, acute attention to detail, strong critical thinking skills, and team first mentality
Strong interpersonal and communication skills - ability to build relationships within our team, across our organization, and with our clients
Resourceful, proactive, and able to prioritize and navigate in a fast-paced team-oriented environment
Proficient in Bloomberg, Microsoft Excel, and PowerPoint

Responsibilities

Manage relationships and communications with lead market makers, liquidity providers, and authorized participants regarding pricing and trading of SPDR ETFs
Improve ETF market quality - leading to better execution quality for investors - by collaborating with ETF lead market makers, authorized participants, and internal stakeholders to drive enhancements to product structure and creation/redemption processes
Develop and enhance SPDR’s market quality monitoring technologies
Take a leadership role in driving US CMG’s key technology initiatives, working across all stakeholder groups and subject matter experts to effectively manage the process and outcome of each project
Drive and lead the data analysis and reporting needs for the Capital Markets team, including buildout and maintenance of databases for trading volumes, partner data and metrics used by the team – responsible for providing this data, specifically curated for Select Sector ETFs, to the Select Sector Sales & Research Strategists teams in support of expanding reach, brand awareness, and driving organic growth
Provide input for daily and weekly commentaries on market quality and liquidity trends
Take leadership role in oversight of our Authorized Participant Oversight Program, incorporating oversight of Select Sectors ETFs into the program, and managing & coordinating the transition of existing AP Agreements for Select Sectors to SSGA Funds Distributor
Deliver analytical insights and data to help support regulatory affairs & due diligence questionnaires
Assist in projects and working groups, both internal and external, related to the development of innovative ETFs, the evolution of the ETF structure, and enhancements to the ETF creation/redemption mechanism
Assist in our business development efforts with market makers, broker-dealers, and exchanges
Develop, execute, and manage policies and procedures related to all aspects of a Transfer Agent for Select Sector ETFs

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.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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