Basket Operations, Senior Associate

Role Summary

The Senior Associate in Basket Operations is responsible for managing the end-to-end ETF basket creation and approval process, ensuring accuracy, timeliness, and compliance with client and regulatory requirements. This role requires strong attention to detail, operational expertise, and the ability to work in a fast-paced environment.

Key Responsibilities

• Basket Creation & Approval
  • Verify receipt of NAV and initiate basket build process.
  • Validate round lots and approve basket
  • Review and apply corporate actions (e.g., stock splits, mergers, rights distributions) to baskets using ETF Global Platform.
  • Prepare and review coversheets for reporting and fund modifications; ensure timely submission to BST.
  • Monitor data quality and mitigate risks related to inaccurate or incomplete basket data.
  • Participate in ETF fund launches, validate checklist items, and ensure readiness for model office testing.
  • Respond to client inquiries regarding basket composition, corporate actions, and operational issues.
  • Utilize platforms such as ETF Global Platform, Bloomberg, Excel, and Outlook for daily operations.

Qualifications

• Experience:
  • 1–2 years in accounting, pricing, or corporate actions; ETF basket creation experience preferred.
• Skills:
  • Strong analytical and problem-solving skills.
  • Proficiency in Microsoft Excel and operational systems.
  • Ability to manage multiple priorities under tight deadlines.
• Education:
  • Bachelor’s degree in Finance, Accounting, or related field preferred.

Salary Range:

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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.

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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.