ETF Basket Operations, Assistant Vice President

Who we are looking for

The Assistant Vice President (AVP) – ETF Basket Operations is a senior operations leadership role responsible for the day‑to‑day oversight, control, and scalability of ETF basket production within State Street’s Sacramento delivery center. This role ensures the timely, accurate, and controlled creation and approval of ETF baskets supporting global primary market activity.

The AVP will lead teams supporting equity, fixed income, and complex ETFs, act as a senior escalation point, and partner closely with onshore leadership, Technology, Risk, and Client Coverage to deliver consistent, high‑quality outcomes.

What you will be responsible for

• Operations Leadership
• Lead daily ETF basket production, review, and approval activities within a high‑volume operating environment.
• Serve as senior escalation point for complex basket issues, discrepancies, and time‑sensitive events.
• Ensure SLA adherence, operational readiness, and business continuity coverage.
• ETF Basket & Primary Market Oversight
• Oversee processing of cash and in‑kind baskets, custom/negotiated baskets, CIL events, and rebalances.
• Ensure accurate handling of corporate actions, income equalization, round lots, and market‑specific requirements.
• Maintain strong understanding of ETF primary market mechanics and order types.

Risk & Controls

• Ensure strong operational controls, dual approvals, and compliance with documented procedures.
• Partner with Risk, Compliance, and Audit on control testing, issue remediation, and operational reviews.
• Proactively identify risk themes and drive preventative solutions at scale.
• People Management
• Lead, coach, and develop managers and senior analysts in Sacramento.
• Build strong bench strength, SMEs, and succession coverage.
• Foster a strong risk culture, accountability, and continuous improvement mindset.

Preferred Qualifications

• Proven people‑management experience in a delivery or shared‑services environment.
• Strong risk, controls, and escalation management capabilities.
• Clear, confident communicator across operational and senior‑stakeholder audiences.
• Understanding of ETF basket construction and approval processes.
• Experience supporting global ETF operating models or offshore/onshore delivery structures.
• Exposure to complex ETF products (fixed income, derivatives, active/semi‑transparent ETFs).
• Experience partnering with technology teams on workflow enhancements or automation.

Education

Bachelor’s degree in Finance, Accounting, Business, or related discipline required.

Salary Range:

$90,000 - $157,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: 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); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.