Job Description:

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 solid 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

📌 Core Operations, Assistant Vice President (Bengaluru)
🏢 State Street
📍 Bengaluru