ETF Settlements, Officer
State Street · Sacramento, California, US
Who we are looking for The ETF Settlements Officer ensures accurate and timely settlement of primary-market ETF creations and redemptions—both in-kind and ca...
Job description
Who we are looking for 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. Why this role is important to us - 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 str...