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.

Key Responsibilities

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.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job 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.