Basket Operations Core Operations, Vice President

State Street•Sacramento, CA

About The Position

The Vice President, Basket Operations, is a senior leadership role responsible for end-to-end oversight of ETF basket production. The role ensures accuracy, timeliness, risk management, and scalability of basket creation and redemption workflows while partnering with Fund Accounting, Transfer Agency, Technology, and Client Service teams. The VP leads teams supporting daily ETF basket operations, drives operational excellence, strengthens controls, and supports growth initiatives such as new fund launches, complex products, and regulatory change. The role also leads and develops managers and senior staff across Basket Operations, establishing a culture of accountability and continuous improvement, setting performance expectations, supporting talent development, and building succession plans. It promotes cross-training and resilience across global locations to support business continuity.

Requirements

At least 10 years of experience in ETF Operations, Basket Operations, or related asset servicing functions.
Deep understanding of ETF primary market mechanics, including baskets, PCFs, NSCC processes, and settlement flows.
Proven experience leading large operational teams and managing risk in a high-volume, time-sensitive environment.
Strong knowledge of corporate actions, income processing, cash-in-lieu, and supplemental processing impacts on ETFs.
Demonstrated ability to partner with Technology, Trading, Fund Accounting, and Transfer Agency teams.
Experience supporting audits, regulatory reviews, and senior management governance forums.
Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.

Nice To Haves

MBA, CFA, CAIA, or related industry qualifications.

Responsibilities

Provide senior oversight of daily ETF creation and redemption basket production and PCF production.
Own escalation and resolution of complex basket issues.
Partner with Technology and Product teams on platform enhancements, control automation, and basket process modernization.
Own the operational risk framework for Basket Operations, ensuring adherence to documented procedures, controls, and escalation standards.
Ensure strong audit and regulatory practices, including issue remediation and management action plans.
Lead and develop managers and senior staff across Basket Operations, fostering accountability and continuous improvement.
Set clear performance expectations, support talent development, and build succession plans.
Promote cross-training and resiliency across global locations to support business continuity.
Support growth initiatives, including new fund launches, complex products, and regulatory change.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
Access to the Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, except for 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.
Employee networks.