ETF Settlements, Officer

State Street•Sacramento, CA

20h•Onsite

About The Position

The ETF Settlements Officer ensures accurate and timely settlement of primary-market ETF creations and redemptions—both in-kind and cash—while maintaining strong operational controls. This role involves close coordination with authorized participants (APs), brokers, custodians, and internal ETF servicing teams to deliver seamless post-trade execution.

Requirements

3–5+ years 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.

Nice To Haves

ETF servicing experience preferred.
familiarity with Fund Connect, ETFGP, and Enlighten is a plus.

Responsibilities

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

Benefits

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
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks