Assistant Vice President, Basket Operations & Settlements Greater Bengaluru, India Area

The Company is seeking an Assistant Vice President for Basket Operations and Settlements. This leadership role is pivotal in ensuring the end-to-end oversight of ETF basket production, primary market activity, and settlement execution across U.S. and global markets. The successful candidate will be responsible for the accuracy, timeliness, risk management, and scalability of basket creation/redemption workflows and settlement processes. Key responsibilities include leading teams in daily ETF basket operations and settlements, driving operational excellence, and supporting growth initiatives. The role also involves close partnership with Fund Accounting, Transfer Agency, Technology, and Client Service teams, as well as leading the operational risk framework and ensuring strong governance. Applicants must have a post-graduate or graduate degree in Accounting, with a minimum of 15-16 years' experience in the Settlements, Custody, and Investment banking domain, and at least 8 years in ETF operations, basket operations, settlements, or related asset servicing functions. A deep understanding of ETF primary market mechanics, including baskets, PCFs, NSCC processes, and settlement flows, is essential. The role requires proven experience in leading large operational teams, managing risk in a high-volume, time-sensitive environment, and a strong knowledge of corporate actions and their impact on ETFs. The ideal candidate will have a demonstrated ability to partner with various teams, support audits, and regulatory reviews, and be flexible to work night shifts.

Hiring Company

State Street