Analyst, ETF Capital Markets
About the Role
You will support daily ETF trading operations, facilitate creation and redemption activity, and maintain NAV and flow reconciliations. You will manage communications with Authorized Participants, market makers, exchanges, liquidity providers, and custodians. You will monitor secondary market activity, identify dislocations and spread opportunities, build models to analyze performance and liquidity, provide coverage during core trading hours, conduct market surveillance, and help build trade flow automation and data tracking systems.
Requirements
- Bachelor's degree in finance, economics, or a related field
- 1–3 years of experience within ETF capital markets, trading, or operations, ideally at an ETF market maker, Authorized Participant, or ETF issuer
- Strong understanding of ETF mechanics including primary and secondary market structure and the creation and redemption process
- Familiarity with trading systems, order workflows, and market data platforms (Bloomberg preferred)
- Excellent Excel skills and ability to manipulate and analyze large data sets
- Strong organizational skills, attention to detail, and ability to thrive in a fast-paced trading environment
- Effective written and verbal communication skills
- Knowledge of cryptocurrency or blockchain technology is a plus
Responsibilities
- Support daily ETF trading operations including creation and redemption orders, NAV analysis, and flow reconciliation
- Manage relationships and communications with Authorized Participants, market makers, exchanges, liquidity providers, and custodians
- Monitor secondary market activity and identify dislocations, spreads, and trading efficiency enhancements
- Track and report primary and secondary market metrics including volume, liquidity, spreads, and flows
- Build and maintain models to analyze ETF performance, liquidity, and market making trends
- Provide coverage during core trading hours to respond to trade inquiries and ensure operational continuity
- Partner with Operations, Product, Compliance, and Sales to resolve trade and settlement issues
- Conduct market surveillance and summarize competitor ETF activity, pricing, and liquidity
- Support the build-out of ETF capital markets infrastructure, including trade flow automation and data tracking systems