S

State Street

Holds assets for institutions and runs index funds

IT Transformation PMO & IT Material Change Control Teams Lead

Full-TimeDeadline 11/16/26
No salary listed
Expert
Bachelor's, Master's
Frankfurt, Germany+1 moreMore locations: Munich, Germany
Remote
IT OperationsIT Project Management

About the job

Requirements
  • Demonstrable experience building, improving and maturing an IT PMO, including governance, portfolio management, reporting, controls, resource and capacity management, and performance measurement.
  • Significant experience across IT transformation, IT risk, compliance, technology controls, regulatory change, data and/or emerging technologies within a complex regulated environment.
  • Strong working knowledge of the European Union and broader EMEA technology and financial-services regulatory environment.
  • Practical knowledge of DORA, the EU AI Act, EU Digital Omnibus developments, GDPR, NIS2, the EU Data Act, broader EU data and digital regulatory requirements, and relevant ECB/EBA supervisory expectations.
  • Ability to translate regulatory requirements into practical implications for IT transformation, IT Material Change Control, artificial intelligence, data, cloud, automation and emerging technologies.
  • Exceptional executive reporting and communication capability, including distilling complex information into clear risks, implications, decisions and actions.
  • Exceptional stakeholder-management and relationship-building capability across technology, business, risk, compliance and governance stakeholders.
  • Demonstrated ability to navigate complexity and ambiguity within large, international and highly matrixed organizations.
  • Strong influencing and negotiation capability, including aligning stakeholders with competing priorities and delivering outcomes without direct authority.
  • Strong organizational awareness and judgment, including determining when to influence, challenge, resolve or escalate.
  • Ability to communicate difficult messages constructively while maintaining trusted working relationships.
  • Ability to operate strategically and hands-on during constrained resource capacity, heightened delivery risk or regulatory urgency.
  • Strong people-leadership capability to coach, develop and motivate high-performing teams.
  • Bachelor’s degree or equivalent professional experience.
  • At least 10 years of relevant experience, preferably within financial services, technology or another highly regulated environment, with demonstrated leadership responsibility.
  • Demonstrable prior experience building and maturing an IT PMO is required.
Responsibilities
  • Lead and continuously mature the existing SSBI IT Transformation PMO, strengthening its operating model, portfolio disciplines, governance, reporting and ways of working.
  • Maintain an integrated and forward-looking view of strategic, regulatory and technology transformation initiatives, including milestones, risks, issues, dependencies, financials, resource capacity and commitments.
  • Drive portfolio planning, prioritization, governance, escalation and action management.
  • Strengthen resource and capacity management, financial oversight, dependency management, RAID management and delivery performance disciplines.
  • Provide constructive challenge to program, project, product and technology owners and drive accountability for agreed outcomes.
  • Identify cross-program dependencies, capacity constraints and emerging delivery or regulatory risks and ensure timely escalation.
  • Improve portfolio performance measures, KPIs/KRIs, governance routines and management information.
  • Simplify, standardize and automate PMO processes and reporting while maintaining appropriate controls.
  • Lead, coach and develop PMO resources while remaining hands-on as needed.
  • Lead the day-to-day operation and continuous maturation of the SSBI IT Material Change Control capability and team.
  • Maintain a forward-looking view of potentially material IT change across Run the Bank, Protect the Bank and Change the Bank portfolios.
  • Lead the identification, assessment, governance, tracking and escalation of potentially material IT changes.
  • Ensure materiality assessments consider technology, regulatory, operational resilience, cybersecurity, data, privacy, third-party and emerging-technology impacts.
  • Challenge materiality assessments, governance requirements and supporting evidence.
  • Integrate IT Material Change Control with the broader technology change lifecycle and relevant SSBI and enterprise governance.
  • Ensure decisions, approvals, conditions, risks and actions are transparent, traceable and audit-ready.
  • Identify recurring themes, emerging risks, dependencies and control weaknesses and provide appropriate reporting and escalation.
  • Lead and develop IT Material Change Control resources and strengthen capability, consistency and ways of working.
  • Personally support assessments, analysis, reporting and governance deliverables when resource capacity, urgency or complexity requires.
  • Lead and enhance SSBI IT Transformation and IT Material Change Control reporting.
  • Produce and oversee executive and governance reporting on portfolio health, transformation delivery, material IT change, regulatory commitments, risks, issues, dependencies, financials, resource capacity, decisions and key actions.
  • Translate complex technology, regulatory and risk information into concise, actionable narratives for senior management and governance committees.
  • Provide forward-looking insight into trends, deteriorating indicators and emerging concerns.
  • Establish and maintain KPIs/KRIs, reporting standards, data-quality controls and management-information disciplines.
  • Ensure traceability between underlying portfolio information and executive and governance reporting.
  • Support regulatory, supervisory and audit information requests with accurate reporting and supporting evidence.
  • Drive simplification and automation of reporting through data, analytics, artificial intelligence and emerging technologies within established controls.
  • Prepare, analyze and quality-assure critical executive, governance and regulatory reporting.
  • Chair the SSBI IT Change Control Forum and ensure effective discussion, challenge, decision-making, escalation and action closure.
  • Ensure forum submissions are complete, transparent and sufficient for informed governance and decision-making.
  • Document, communicate and track decisions, conditions, actions, accountable owners and due dates through closure.
  • Serve as a non-voting member of the SSBI Transformation Change Management Committee, representing IT Transformation PMO and IT Material Change Control perspectives.
  • Maintain connectivity and information flow between the IT Change Control Forum, TCMC and other relevant governance forums.
  • Build and maintain trusted relationships with senior stakeholders across SSBI and regional and global organizations.
  • Navigate a complex, highly matrixed and multi-jurisdictional environment while balancing legal-entity, regional and enterprise priorities.
  • Influence, negotiate, align competing interests and drive outcomes without direct authority.
  • Partner across Technology, Business, IT Risk, Operational Risk, Compliance, Cybersecurity, Data, Privacy, Legal, Operational Resilience, Third-Party Risk and Audit.
  • Anticipate stakeholder concerns and misalignment, build consensus where possible and escalate appropriately.
  • Communicate complex or sensitive matters with clarity, transparency and sound judgment.
  • Support engagement with Works Councils, employee representative bodies and labor unions with HR, Legal and other stakeholders.
Desired Qualifications
  • Significant experience working within the European Union and/or broader EMEA regulatory environment.
  • Previous experience engaging with Works Councils, employee representative bodies and/or labor unions, particularly within Germany or continental Europe.
  • Experience preparing and presenting materials to senior executives, governance committees, Boards, auditors and/or regulators.
  • Experience within a global financial institution and complex legal-entity environment.
  • Advanced degree.
  • PMP, PRINCE2, Agile, ITIL, COBIT, risk/control or comparable professional qualifications.

About the company

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, Massachusetts

Founded

1792

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Simplify Jobs

Simplify's Take

What believers are saying

  • Fees, not lending, drive results: fees were 79% of revenue and grew 17% in the June 2026 quarter.
  • Equity has gained value: shares rose 36% from January to October 2026, beating custody rival Northern Trust's 23%.
  • Tech roles lead hiring: 477 of State Street's 1,133 open jobs in October 2026 were in information technology.

What critics are saying

  • Cuts continue despite record revenue: State Street booked $190 million in layoff charges from October 2025 to March 2026.
  • Its closest rival is more profitable: BNY kept 40% of mid-2026 revenue as pre-tax profit, versus State Street's 34%.
  • Legal risk lingers: Vanguard paid $29.5 million in March 2026 to exit an 11-state coal antitrust suit State Street fights.

What makes State Street unique

  • It doubles as a fund giant: it managed $6.3 trillion in June 2026, nearly triple custody rival BNY's $2.2 trillion.
  • Rival fund firms run on its back office: it services over 3,000 ETFs, about 39% of global ETF assets.
  • Fund managers trade through its software: it bought trading-system maker Charles River for $2.6 billion in 2018.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Flexible Work Hours
  • Remote Work Options
  • Professional Development Budget
  • Tuition Reimbursement
  • Paid Holidays
  • Employee Referral Bonus

Growth & Insights and Company News

Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Yahoo Finance
Oct 18th, 2026
State Street Q3 profit per share jumps 33% to $3.69 as revenue hits $4B

State Street reported a 33% year-over-year rise in third-quarter per-share earnings to $3.69. Total revenue grew 13% to $4 billion, the company said on its October 14, 2026 earnings call. Net interest income rose 21% to $864 million, driven by a wider net interest margin and higher average interest-earning assets. State Street expects over 500 basis points of positive operating leverage in 2026. The bank won a servicing mandate from one of the largest US registered investment advisors, pairing its front-office software with custody services. Alternative asset servicing fees grew at a double-digit rate. Assets under custody and administration reached a record $59.2 trillion.

SaasRise
Oct 17th, 2026
AI cloud-spending split deepens divide between funded SaaS leaders and cash-strapped players.

AI cloud-spending split deepens divide between funded SaaS leaders and cash-strapped players. SaasRise - Oct 17, 2026 New data shows a widening gap as large SaaS providers pour record dollars into AI-driven features, while indie hackers and mid-market firms scramble with limited cash and risky infrastructure choices. The split threatens expansion revenue for the stretched and accelerates moats for the funded. Why it matters. The AI cloud-spending divide creates a two-tier SaaS market. Funded players can accelerate AI-driven product development, lock in expansion revenue, and build defensible moats that attract premium valuations. Meanwhile, cash-strapped firms risk stagnation, higher churn, and reduced competitive relevance. For operators, the split forces a strategic choice: double-down on AI spend and secure financing, or double-down on lean, product-led growth and avoid costly infrastructure missteps. Investors must recalibrate risk models, weighting AI spend efficiency and cash runway more heavily than ever. Long-term, the split could catalyze consolidation. Larger SaaS platforms may acquire niche AI-focused startups to fill feature gaps, while smaller firms might spin out AI-lite modules to remain viable. The pressure on mid-market SaaS to either secure deep funding or adopt ultra-efficient cloud stacks will shape the next wave of category creation and competitive moats in the industry. Key points. * State Street's SaaS platform revenue rose 5% YoY to $175 M; software ARR grew 8% to $442 M. * Indie hackers: only 8-10% clear $10K MRR; median lifetime earnings near zero. * Phillip Merrick (pgEdge) warned that mis-chosen databases can force costly re-engineering for AI workloads. * John Turner Jr. (Regions Financial) noted slowing activity due to rising costs and economics challenges. * AI-focused sessions at TechCrunch Disrupt 2026 signal strong enterprise demand for AI-native infrastructure. Analysis. The emerging AI spend bifurcation mirrors past technology cycles where early adopters reap outsized returns while laggards fall behind. In the early 2010s, cloud-first firms that secured large credit lines could lock in discounted compute, creating cost advantages that persisted for years. Today, AI-native infrastructure is the new commodity, and the capital intensity is even higher. Companies like State Street, with $4 B in total revenue, can absorb the premium on GPU instances and still post double-digit ARR growth. Their ability to bundle AI features into existing SaaS contracts translates into higher net-retention and cross-sell opportunities, reinforcing a virtuous cycle of growth and valuation uplift. For the stretched cohort, the challenge is twofold. First, the cost curve for AI services is steep; without deep pockets, a modest increase in cloud spend can erode margins dramatically. Second, the technical debt of choosing the wrong database or monitoring stack compounds the problem, as Merrick and Ramachandran both highlight. The result is a higher likelihood of performance incidents, customer churn, and ultimately, a weaker competitive moat. Some mid-market firms may attempt to mitigate this by leveraging outsourced finance platforms - K-38 Consulting's guide shows a growing market for fractional CFOs that can help align spend with revenue forecasts. However, such services are a stop-gap, not a substitute for the scale needed to fund AI-heavy roadmaps. Strategically, the split creates a clear incentive for consolidation. Larger SaaS players will likely target niche AI-focused startups that have built specialized models but lack the infrastructure budget to scale. Acquisitions can instantly bolt AI capabilities onto robust, well-funded platforms, preserving the latter's growth trajectory while giving the acquired startup a runway. Conversely, cash-strapped firms may spin off AI-lite modules or pursue partnership models that share infrastructure costs. The net effect will be a more polarized SaaS ecosystem, where capital intensity becomes a primary determinant of market leadership. In the near term, operators should audit their AI spend against unit economics, prioritize telemetry that can surface intermittent performance issues, and consider fractional finance partners to keep runway intact. Investors, meanwhile, will need to sharpen diligence around AI cost structures, looking beyond headline ARR growth to the underlying cloud spend efficiency. The AI cloud-spending split is not just a budgeting issue - it is reshaping the competitive architecture of SaaS for the next decade.

Kalkine
Oct 15th, 2026
State Street prices $750M senior notes due 2037 with 5.963% fixed coupon

State Street Corporation priced a $750 million offering of fixed-to-floating rate senior notes due 2037, according to a filing on October 15, 2026. Settlement is expected on October 20, 2026. The notes pay a fixed 5.963% coupon, semi-annually, until October 20, 2036. After that, the rate becomes daily compounded SOFR plus 122 basis points. The issue price is 100% of principal, 88 basis points above the benchmark Treasury. State Street may redeem the notes in whole on October 20, 2036. Expected ratings are Aa3 from Moody's, A from S&P, and AA- from Fitch. Goldman Sachs, Morgan Stanley, Scotia Capital, and TD Securities are the joint book-running managers.

PR Newswire
Oct 14th, 2026
State Street shares fall 7% on $4.00B revenue miss as investors face securities probe

State Street shares fell about 7% at market open on October 14, 2026, after the company reported third-quarter revenue of $4.00 billion, below the roughly $4.03 billion analysts expected. Shares opened at about $161.90, down roughly $12.20 from the previous close. Fee revenue of about $3.14 billion also missed the estimated $3.18 billion. Law firm Levi & Korsinsky, through its SueWallSt service, has opened an investigation into whether State Street adequately disclosed fee-revenue trends before the report. It is also examining whether shareholders may have claims for potential securities law violations.

The Full FX
Oct 14th, 2026
State Street - Liquidity Insights 2026.

State Street - Liquidity Insights 2026. Posted by toast. Last updated: October 14, 2026 State Street's Liquidity Insights is a new dashboard offering real-time information in addition to what could be termed the standard range of analytical tools. What The Full FX really liked, however, is how, in addition to the volume, spread and depth data, it offers analysis on bespoke, multi-currency if required, baskets across a range of time horizons. The heat map offers fill rate per minute and reinforces the excellent look and feel to the platform, where finding and analysing information is easy. "What-if" analysis is supported by intuitive graphics, making it easy to ascertain current conditions compared to selected periods. An "at a glance" function completes the package. Ultimately, this launch fills a pressing gap for a giant in the real money space and given how some important clients in that arena like to have more of a say on their FX execution, it is delivering an important service from a familiar source. It is hard to offer something different in the execution analytics space, but allied to a strong presence in a key segment of the market, State Street has delivered a dashboard that just has a modern, intuitive and user-friendly feel.