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State Street

Holds assets for institutions and runs index funds

ETF Product Specialist

Product ManagementConfirmed live in the last 24 hours
Full-timeToronto, ON, CanadaNo salary listedIn-person

About the Job

Requirements

  • Expert knowledge of the securities industry (10+ years) and ETF products (5+ years), investment strategies, data providers, market trends, and the competitive landscape.
  • Familiarity with facets of the exchange-traded product market space in Canada, including service provider selection, lead market maker selection, authorized participant assignment, transfer agency, order-taking, and administration operations.
  • Understanding of operational flows and business processes in ETF administration.

Responsibilities

  • Assist in driving the development of a world-class offering supporting the end-to-end servicing needs of ETF product sponsors in Canada.
  • Support innovation and development of ETF servicing capabilities, serve as a resource for new ETF product development and ongoing ETF product management, advise management on product structure relative to strategies State Street may seek to deliver in the exchange-traded marketplace, and liaise with issuers, securities exchanges, the specialist community, authorized participants, market makers, prime brokerage, data providers, and other third parties to stimulate internal expertise and client growth among State Street’s ETF administration platform.
  • Conduct business reviews and analysis to ensure key deliverables and milestones are met.
  • Manage across multiple business units to provide resources needed to deliver a market-leading product offering, including custody, fund services, and securities lending.
  • Collaborate with Sales, Product, Operations, Technology, and other business units to assess client needs and expectations.
  • Analyze competitors and conduct market sizing to contribute to overall product strategy.
  • Identify and evaluate third-party vendors for potential strategic alliances that enhance the product offering.
  • Plan major development initiatives and milestones with Sales, Product, Technology, Operations, and other groups to ensure coordinated service delivery.
  • Serve as a spokesperson for the ETF services offering among industry participants and new and existing clients; attend and participate in industry events and tradeshows to maintain visibility and market awareness.
  • Support sales and services as needed for the ETF product category, including formal presentations to clients and prospects.
  • Participate in developing product functionality scorecards and metrics to track and improve product-level financial success, customer adoption trends, product quality metrics, and other measures.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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