ETF Settlements, Officer

State Street•Sacramento, CA

2d•$60,000 - $101,250

About The Position

The ETF Settlements Officer ensures accurate and timely settlement of primary-market ETF creations and redemptions, including in-kind and cash transactions, while maintaining strong operational controls. The position coordinates closely with authorized participants, brokers, custodians, and internal ETF servicing teams to support seamless post-trade execution. Accurate basket creation and settlement underpin client confidence and regulatory compliance, and the role supports State Street’s ETF servicing operations.

Requirements

3–5+ years of experience in custody/settlements or post-trade operations.
Knowledge of in-kind basket workflows, cash DVP, and settlement via NSCC/DTC and international CSDs.
Proficiency in Excel and operational tools.
Strong analytical and reconciliation skills, with the ability to work under tight deadlines and attention to detail.
Excellent communication skills and the ability to engage clients and internal partners.
Bachelor’s degree in Finance, Accounting, Economics, or a related field.

Nice To Haves

ETF servicing experience.
Familiarity with Fund Connect, ETFGP, and Enlighten.

Responsibilities

Execute and monitor settlement of in-kind and cash ETF orders through CSDs and DTC/NSCC, ensuring proper DVP/FoP flows.
Validate order confirmations, reconcile ETF shares and basket components, and promptly resolve settlement fails and cash breaks.
Coordinate settlement instructions with authorized participants, brokers, and custodians, and manage manual bookings when required.
Use internal platforms such as Fund Connect, ETFGP, and Enlighten for order processing and lifecycle monitoring.
Calculate and verify creation/redemption fees and collateral requirements, and ensure accurate posting to custody and fund records.
Prepare daily and weekly reporting, track operational metrics, and support process improvement initiatives.
Respond to client inquiries with clear, timely communication and maintain cross-functional relationships.
Adhere to risk and control standards, audit requirements, and information-classification policies.

Benefits

Retirement savings plan (401K) with company match.
Medical insurance.
Dental insurance.
Vision insurance.
Basic life insurance and optional additional coverages.
Long-term disability coverage and other optional coverages.
Paid time off, including vacation and sick leave.
Short-term disability.
Family care leave.
Employee Assistance Program.
Eligibility for annual performance-based awards, with exceptions for certain sales roles.
Access to certain tax-advantaged savings plans.
Flexible Work Programs and flexible work-life support.
Paid volunteer days.
Matching gift programs.
Employee networks.
Development programs and educational support.