ETF Settlements, Officer

State Street•Sacramento, CA

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 role coordinates closely with authorized participants (APs), brokers, custodians, and internal ETF servicing teams to support seamless post-trade execution. ETF Basket Operations supports primary-market ETF transactions, and accurate basket creation and settlement underpin client confidence and regulatory compliance. The position helps ensure operational integrity and supports State Street’s ETF servicing business.

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.
Ability to work under tight deadlines with attention to detail.
Excellent communication skills and 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 APs, brokers, and custodians; manage manual bookings when required.
Use internal platforms, including 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

Competitive and comprehensive benefits, varying by location, including medical care, insurance, and savings plans.
Flexible Work Programs.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.
401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, long-term disability, and optional insurance coverage.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.