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Head of ETF Operations

Allspring Global Investments
United States, California, San Francisco
525 Market Street (Show on map)
Jul 02, 2024
Description
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COMPANY

Allspring Global Investments is a leading independent asset management firm that offers a broad range of investment products and solutions designed to help meet clients' goals. At Allspring, our vision is to inspire a new era of investing that pursues both financial returns and positive outcomes. With decades of trusted experience propelling us forward, we strive to build portfolios aimed at generating successful outcomes for our clients. We do this through the independence of thought that powers our investment strategies and by bringing a renewed approach to look around the corner to unlock what's possible. Allspring is a company committed to thoughtful investing, purposeful planning, and the desire to deliver outcomes that expand above and beyond financial gains. For more information, please visit About Us - Allspring Global Investments.

At Allspring, unique views inspire us. We leverage the diversity of people, ideas, and skills to help our clients pursue their financial goals. We strive to attract and retain a diverse talent pool that enables us to better serve our global client base. Intentionally fostering a diverse and inclusive culture allows us to empower innovation, productivity, and engagement. It's also essential for elevating the experience of our clients as well as the communities in which we operate. Thank you for considering Allspring as you explore the next step in your career journey.

POSITION

The Head of ETF Operations will be responsible for building out Allspring's ETF operations team and developing all aspects of operational activities related to our ETF products as we prepare for launch. This role requires strong leadership skills, attention to detail, and in-depth knowledge of ETF operations, including creation/redemption processes, trade settlement, and fund accounting.

RESPONSIBILITIES



  • Develop and implement an overall operations strategy to meet Allspring's strategic ETF goals.
  • Work closely with the Capital Markets team to manage day-to-day ETF operations including overseeing the creation and redemption process, reconciliations, coordinating with authorized participants and market makers, and ensuring smooth fund operations.
  • Ensure timely and accurate settlement of ETF trades, working closely with broker-dealers, custodians, and other counterparties to resolve any issues.
  • Identify opportunities to streamline ETF operations processes, enhance efficiency, and reduce operational risk.
  • Manage relationships with service providers, including administrators, custodians, and technology vendors to ensure high-quality service delivery.
  • Lead and develop a team dedicated to ETF operations, serving as the escalation point for all ETF operational matters, providing guidance, training, and support to ensure strong team performance.
  • Participate in industry working groups and initiatives to maintain industry relationships and remain current on ETF developments.
  • Work closely with Compliance and Risk to develop and maintain ETF specific policies and procedures.


CANDIDATE

The ideal candidate will have 7+ years of ETF operations and management experience, preferably with prior exposure to active ETFs.

REQUIRED QUALIFICATIONS



  • Bachelor's degree in finance, accounting, or a related field.
  • 5+ years of ETF operations experience.
  • 3+ years of management experience.
  • Proven track record of managing operational processes and leading teams in a fast-paced, dynamic environment.
  • Excellent analytical and problem-solving skills, with the ability to identify and resolve complex operational issues.
  • Strong communication skills, with the ability to effectively collaborate with internal and external stakeholders.


PREFERRED QUALIFICATIONS



  • Experience with active ETF products.
  • Experience with ETF Servicing providers and technology.
  • Experience with Bloomberg AIM and CRD
  • Experience working across multiple investment teams and asset classes.



Base Pay Range: $180,000-$225,000

Salary Range for NYC and California candidates only.Actual based may vary based upon, but not limited to, relevant experience, time in role, base salary internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary bonus programs, or other annual or non-annual incentive or sales plans.)

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We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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