Description

ETFs represent an area of significant innovation and growth for Nuveen. The Capital Markets team resides within the ETF department, operating as the principal point of contact across the ETF ecosystem - collaborating with internal stakeholders such as Portfolio Management, Trading, Operations, Technology, Sales, and Marketing, while serving as the primary connection for ETF Market Makers, Authorized Participants, Exchanges, and trading platforms.

This role offers significant opportunity for accelerated development, enabling a motivated professional to build deep expertise in ETF capital markets while taking on substantive responsibilities across operations, strategy, and relationship management. The Capital Markets Specialist will manage critical day-to-day operations including ETF creation and redemption processes, custom basket rebalancing, and market quality monitoring, while also supporting Nuveen's Closed-End Fund capital markets programs. The Specialist will have the opportunity to contribute to a $16B+ and growing ETF franchise spanning 25+ active and index strategies across municipal bonds, CLOs, structured credit, and equities - a platform with genuine competitive differentiation in investment capabilities. As Nuveen's ETF platform expands, the Specialist will grow into a subject matter expert and technical resource for distribution teams, advisors, and clients, while building relationships with authorized participants, market makers, and exchanges. Direct mentorship from the VP, ETF Operations & Capital Markets and structured development opportunities - including industry conference attendance, regulatory training, and cross-functional collaboration - are core to how this team is built, with increasing responsibility as capabilities expand.

Key Responsibilities and Duties

• Manage Nuveen's ETF creation and redemption process (including custom in-kind basket construction and portfolio rebalancing) through close collaboration with Portfolio Management, Trading, Authorized Participant, and Market Making teams.
• Support Nuveen's Closed-End Fund capital markets programs, including ATM shelf offerings and share repurchase programs, in coordination with relevant internal and external stakeholders.
• Monitor and analyze ETF market quality indicators including trading volumes, bid-ask spreads, premiums and discounts to NAV, and primary market flows, and work proactively with ecosystem participants to address liquidity or trading issues.
• Build and maintain working relationships with authorized participants, market makers, and exchanges to support a healthy trading environment across Nuveen's ETF lineup.
• Serve as a technical resource on ETF trading and liquidity for distribution teams, advisors, and clients, providing education and execution guidance as part of Nuveen's broader distribution support effort.
• Partner with Legal and Compliance to maintain ETF-specific policies and procedures related to custom baskets, AP oversight, and primary market operations.
• Develop and deliver regular reporting on capital markets metrics, flow analysis, market quality indicators, and platform performance to ETF leadership and internal stakeholders.
• Support ETF product launches and platform enhancements through cross-functional collaboration with Portfolio Management, Trading, Operations, Technology, Marketing, and Sales.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

FINRA Registrations

• SRC Indicator: Series 7; Series 63

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications:

• Minimum of 3+ years of experience in trading or operations within financial services or asset management.
• FINRA Series 7 and series 63 or ability to obtain within 120 days.

Preferred Qualifications:

• 5+ years of experience in trading or operations within financial services or asset management.
• ETF experience or interest in ETF structure, primary and secondary market dynamics, and trading mechanics.
• Demonstrated analytical and problem-solving capabilities with attention to detail and ability to synthesize complex information.
• Strong interpersonal and communication skills with proven ability to communicate effectively across all organizational levels, both verbally and in writing.
• Self-motivated and entrepreneurial mindset with the ability to take initiative, work independently, and operate effectively in a fast-paced, dynamic environment.
• Proficiency with Microsoft Office; familiarity with Bloomberg a plus.
• Bachelor's degree.
• Familiarity with portfolio management, trading desk or investment operations
• Exposure to equity and/or fixed income markets
• Advanced degree or designation (MBA, CFA) a plus

Related Skills

Accountability, Capital Markets, Deal Structure, Financial Markets Impact, Financial Risk Management, Financing Strategy, Investment Product Liquidity Management, Leverage/Sourcing Strategy, Nuveen Products/Services Acumen, Opportunity Strategy, Relationship Management, Risk Mitigation

Anticipated Posting End Date:
2026-06-06

Base Pay Range: $110,380/yr - $141,180/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of 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 incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world's largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

Accessibility Support

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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

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