# Core Operations, Associate 2 at State Street

State Street is hiring a Core Operations, Associate 2. It pays $42k-$67k a year and Level rates it Little AI ●○○○; you can [apply on State Street](https://jobsbylevel.com/go/82ecfeaf-602c-4059-8f35-6368b5b20a59?utm_medium=ai-agent).

AI Level 1, AI centrality 36 out of 100. Quincy, Massachusetts.

## Details

- Company: [State Street](https://jobsbylevel.com/companies/state-street)
- AI level: AI Level 1 (score 36 out of 100)
- Location: Quincy, Massachusetts
- Salary: $42k-$67k
- Posted: October 23, 2026
- Apply: https://jobsbylevel.com/go/82ecfeaf-602c-4059-8f35-6368b5b20a59?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=core-operations-associate-2-at-state-street-25e688

## Description

The Associate II, Basket Operations supports the daily production, validation, and release of ETF creation and redemption baskets. This role performs intermediate level processing and review activities, ensuring accuracy, timeliness, and adherence to established controls across basket builds, cash components, corporate action adjustments, and intraday (T+0) workflows. The Associate II partners closely with ETF Lead teams, Trading, Transfer Agency, Pricing, Settlements, and Technology to mitigate operational risk and deliver high quality client outcomes. Key Responsibilities Basket Processing & Validation • Produce, review, and validate daily ETF baskets, including cash components, interest factors, and other income adjustments, prior to release and approval • Execute and evidence required control checks (e.g., basket review macros, early/late index comparisons) and escalate exceptions in a timely manner. • Corporate Actions & Cash in Lieu • Process and review corporate action impacts on baskets (e.g., splits, mergers, delistings) and ensure standing instructions are accurately applied. • Input and review Cash in Lieu (CIL) adjustments in accordance with client instructions and procedural controls. Controls, Risk & Governance • Adhere to documented procedures, AML escalation standards, and risk controls to prevent financial or reputational impact. • Maintain accurate documentation, checklists, and evidence to support audits and management review. Collaboration & Continuous Improvement • Coordinate with internal partners (ETF Leads, Trading, Pricing, Settlements, Technology) to resolve issues and support launches, liquidations, and fund changes. • Identify process improvements and participate in training and knowledge sharing initiatives. Qualifications & Experience • Bachelor’s degree or equivalent work experience. • 2–4 years of operations experience within asset management, custody, fund accounting, or ETF servicing is a plus • Working knowledge of ETF primary market operations, basket mechanics, and corporate actions preferred. Skills & Competencies • Strong attention to detail and control oriented mindset. • Ability to manage time sensitive deliverables in a high volume environment. • Solid analytical and problem solving skills with clear escalation judgment. • Effective written and verbal communication; strong collaboration skills. • Proficiency with operational platforms, Excel, and standard productivity tools. 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

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Source: https://jobsbylevel.com/jobs/core-operations-associate-2-at-state-street-25e688

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