Who we are looking for The Senior Associate, ETF Settlements is responsible for the accurate and timely settlement of primary-market ETF creation and redemption activity, including both in-kind and cash transactions. This role supports daily interaction with Authorized Participants (APs), brokers, custodians, and internal ETF servicing teams, while maintaining strong operational controls and supporting process improvement initiatives across the ETF settlement lifecycleWhat you will be responsible for ETF Order SettlementExecute, monitor, and ensure timely settlement of ETF creations and redemptions (in-kind and cash) via NSCC/DTC and international CSDs, including collateralized DVP/FoP flowsReview and validate order confirmations, settlement instructions, and applicable fees prior to release.Proactively investigate and resolve settlement fails, cash breaks, and position discrepancies.Operational Controls & Risk ManagementPerform preparer and reviewer control functions in accordance with documented SOPs and risk standards.Ensure settlement activity complies with audit requirements, information-classification policies, and regulatory expectations.Escalate operational risks or material issues appropriately to management.Client & Counterparty EngagementAct as a point of contact for APs and internal partners on settlement-related inquiries.Maintain accurate standing settlement instructions (SSIs) and supporting documentation.Deliver timely and professional responses to client and counterparty questions.Systems & ReportingUtilize internal platforms (e.g., ETF Global Platform, Fund Connect, settlement and custody systems) for order processing, lifecycle monitoring, and reconciliationsPrepare daily and periodic settlement, collateral, and exception reporting.Support data quality, metrics tracking, and management reporting.Qualifications & Experience1-2 years of experience in custody, settlements, or post-trade operations; ETF servicing experience strongly preferred.Understanding of ETF primary-market workflows, including in-kind baskets, cash components, and collateral is a plusKnowledge of NSCC/DTC settlement processes; familiarity with international CSDs is an advantage.High attention to detail, strong analytical skills, and ability to manage multiple priorities in a deadline-driven environment.Proficiency in Excel and operational platforms; experience with ETF Global Platform or Fund Connect is a plus.CompetenciesStrong risk and control mindsetClient-focused communication skillsAbility to work independently while collaborating across global teamsContinuous improvement orientationSalary Range: $52,000 - $84,760 AnnualThe 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 StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob Application Disclosure: 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.