Core Operations, Assistant Vice President

Overview

Leadership role overseeing end-to-end ETF basket production, primary market activity, and settlement execution across U.S. and global markets, with responsibility for accuracy, timeliness, risk management, and scalability of basket creation/redemption and settlement processes.

What you'll do

• 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.
• Lead oversight of 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.
• Own the operational risk framework for Basket Operations and Settlements, ensuring adherence to documented procedures, controls, and escalation standards.
• Ensure strong audit and regulatory compliance, including issue remediation and management action plans.
• Lead and develop managers and senior staff across Basket Operations and Settlements, fostering a 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.

What you'll need

• A post graduate or graduate degree in Accounting, from a reputed institution.
• Overall experience of 15-16 years in the Settlements, Custody and Investment banking domain.
• 8+ years of experience in ETF Operations, Basket Operations, Settlements, or related asset servicing functions.
• Deep understanding of ETF primary market mechanics, including baskets, PCFs, NSCC processes, and settlement flows.
• Proven experience leading large operational teams and managing risk in a high-volume, time-sensitive environment.
• Strong knowledge of corporate actions, income processing, cash-in-lieu, and supplemental processing impacts on ETFs.
• Demonstrated ability to partner with Technology, Trading, Fund Accounting, and Transfer Agency teams.
• Experience supporting audits, regulatory reviews, and management governance forums.

Details

• Location: Bangalore, India.
• Candidate should be flexible working night shifts; no exceptions.