ETF Settlements, Senior Associate

State Street•Sacramento, CA

18h

About The Position

The Senior Associate, ETF Settlements is responsible for the accurate and timely settlement of primary-market ETF creation and redemption activity, including both in-kind and cash transactions. This role supports daily interaction with Authorized Participants (APs), brokers, custodians, and internal ETF servicing teams, while maintaining strong operational controls and supporting process improvement initiatives across the ETF settlement lifecycle.

Requirements

1-2 years of experience in custody, settlements, or post-trade operations; ETF servicing experience strongly preferred.
Understanding of ETF primary-market workflows, including in-kind baskets, cash components, and collateral is a plus
Knowledge of NSCC/DTC settlement processes; familiarity with international CSDs is an advantage.
High attention to detail, strong analytical skills, and ability to manage multiple priorities in a deadline-driven environment.
Proficiency in Excel and operational platforms; experience with ETF Global Platform or Fund Connect is a plus.
Strong risk and control mindset
Client-focused communication skills
Ability to work independently while collaborating across global teams
Continuous improvement orientation

Responsibilities

Execute, monitor, and ensure timely settlement of ETF creations and redemptions (in-kind and cash) via NSCC/DTC and international CSDs, including collateralized DVP/FoP flows
Review and validate order confirmations, settlement instructions, and applicable fees prior to release.
Proactively investigate and resolve settlement fails, cash breaks, and position discrepancies.
Perform preparer and reviewer control functions in accordance with documented SOPs and risk standards.
Ensure settlement activity complies with audit requirements, information-classification policies, and regulatory expectations.
Escalate operational risks or material issues appropriately to management.
Act as a point of contact for APs and internal partners on settlement-related inquiries.
Maintain accurate standing settlement instructions (SSIs) and supporting documentation.
Deliver timely and professional responses to client and counterparty questions.
Utilize internal platforms (e.g., ETF Global Platform, Fund Connect, settlement and custody systems) for order processing, lifecycle monitoring, and reconciliations
Prepare daily and periodic settlement, collateral, and exception reporting.
Support data quality, metrics tracking, and management reporting.

Benefits

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