The Assistant Vice President, Basket Operations & Settlements, is a leadership role responsible for the end‑to‑end oversight of ETF basket production, primary market activity, and settlement execution across U.S. and global markets. This role ensures accuracy, timeliness, risk management, and scalability of basket creation/redemption workflows and settlement processes while partnering closely with Fund Accounting, Transfer Agency, Technology, and Client Service teams.

The AVP will lead teams supporting daily ETF basket operations and settlements, drive operational excellence, strengthen controls, and support growth initiatives including new fund launches, complex products, and regulatory change.

Key Responsibilities

Basket Operations Leadership

Provide oversight of daily ETF creation and redemption basket production and PCFs production.

Own escalation and resolution of complex basket issues.

Partner with Technology and Product teams on platform enhancements, control automation, and basket process modernization

ETF Settlements Oversight

Lead oversight settlement breaks, fails, and risk exposure, driving root‑cause analysis and sustainable remediation.

Ensure settlement readiness for new launches, liquidations, index transitions, and corporate action events.

Risk, Controls & Governance

Own the operational risk framework for Basket Operations and Settlements, ensuring adherence to documented procedures, controls, and escalation standards.

Ensure strong audit, regulatory, including issue remediation and management action plans

People & Team Leadership

Lead and develop managers and senior staff across Basket Operations and Settlements, fostering a strong culture of accountability and continuous improvement.

Set clear performance expectations, support talent development, and build succession plans.

Promote cross‑training and resiliency across global locations to support business continuity.

Qualifications & Experience

A post graduate or graduate degree in Accounting, from a reputed institution with an overall experience of 15-16 yrs in the Settlements, Custody and Investment banking domain.

8+ years of experience in ETF Operations, Basket Operations, Settlements, or related asset servicing functions.

Deep understanding of ETF primary market mechanics, including baskets, PCFs, NSCC processes, and settlement flows.

Proven experience leading large operational teams and managing risk in a high‑volume, time‑sensitive environment.

Strong knowledge of corporate actions, income processing, cash‑in‑lieu, and supplemental processing impacts on ETFs.

Demonstrated ability to partner with Technology, Trading, Fund Accounting, and Transfer Agency teams.

Experience supporting audits, regulatory reviews, and management governance forums.

Note: Candidate should be flexible working Night shifts and there is No exception to this.

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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