ETF Settlements, Assistant Vice President
State Street provides financial services to institutional investors through investment management, custody, and servicing solutions.
About State Street
State Street helps institutional investors manage and safeguard assets through custody, fund administration, and investment management services. You can access front-to-back investment platforms, digital asset services, and global market solutions.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will lead the day-to-day ETF settlement function, ensuring timely, accurate and controlled settlement of ETF creation and redemption activity. You will oversee cash and securities movements, manage exceptions and failed trades, act as an escalation point for complex issues, lead and develop your team, and partner with APs, brokers and internal groups.
Requirements
- Bachelor's degree or equivalent professional experience
- Significant experience in securities operations, custody, asset servicing or ETF operations
- Strong understanding of securities settlement and trade lifecycle
- Experience managing operational exceptions, failed trades and counterparty escalations
- Risk and control mindset with experience maintaining procedures and supervisory controls
- Proven leadership experience
- Strong analytical and problem-solving skills
- Strong written and verbal communication skills
Responsibilities
- Lead daily settlement activities for ETF creation and redemption orders, in-kind and cash
- Oversee movement and settlement of securities and cash for ETF primary-market transactions
- Monitor settlement activity and resolve exceptions promptly
- Oversee CNS and non-CNS settlement and DTC/NSCC workflows
- Coordinate resolution of settlement differences with APs, brokers, custodians and internal teams
- Serve as escalation point for complex or high-risk settlement issues
- Investigate incidents and support root-cause analysis and corrective actions
- Maintain supervisory controls and evidence for risk, compliance and audit
- Manage and develop ETF Settlement staff
- Partner with Client Service and ETF leadership on material issues
Benefits
- 401K retirement savings plan with company match
- Medical, dental, vision, life and long-term disability insurance
- Paid time off including vacation, sick leave and short term disability
- Employee Assistance Program
- Paid volunteer days
- Flexible work programs
- Annual performance-based incentive eligibility
- Tax advantaged savings plans
- Paid parental leave
