S

State Street

Holds assets for institutions and runs index funds

Software Engineering & Development - Assistant Vice President

Full-TimeDeadline 10/31/26
$100k - $167.5k/yr+ Annual performance-based award
Senior
Bachelor's
Irvine, CA, USA
In Person
Software EngineeringBackend Engineering
Company Historically Provides H1B Sponsorship

About the job

Requirements
  • Previous exposure to the financial services industry is required.
  • Strong knowledge of object-oriented programming and design patterns is required to create software that promotes efficiency, testability, and maintainability.
  • Understanding of automated testing and the different levels at which it should be performed is required.
  • Strong understanding of software development life cycle processes and project methodologies, including Agile and Scrum, is required.
  • Application issue diagnosis skills are required.
  • A Bachelor's degree in a related or relevant field is required.
  • Seven or more years of hands-on experience in Java and J2EE is required.
  • Advanced hands-on knowledge of relational databases, SQL, and stored procedures is required.
  • Experience with Unix and shell scripting is required.
  • Experience with Visual Studio, Eclipse, XML, MVC, and React JS framework skills is required.
  • Experience with microservices and component-based architectures is required.
  • Strong coding, design, and debugging skills are required.
  • Ability to respond to and troubleshoot production issues promptly as needed is required.
  • Experience delivering projects in a fast-paced approach is required.
  • Experience with Agile project management methodologies is required.
Responsibilities
  • Design and build new software and features for existing software.
  • Provide detailed, articulate technical designs explaining how application components are impacted by release changes.
  • Convert legacy systems into microservices, or break legacy systems into microservices.
  • Reverse engineer legacy systems and transform them digitally into modern designs.
  • Understand complex end-to-end transaction processing flows through multiple applications across a broad range of financial asset classes.
  • Perform code reviews and collaborate with team members in product development efforts.
  • Validate production deployment of applications.
Desired Qualifications
  • Sybase is preferred for relational database and stored procedure experience.
  • Prior experience in the capital markets domain, including asset management or investment banking organizations, is preferred.
  • Knowledge of AI tools such as GitHub Copilot is a plus.

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'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%
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.

Yahoo Finance
Oct 13th, 2026
State Street Q3 earnings preview: 13.9% revenue growth expected after $4.05B last quarter

State Street (NYSE:STT) reports third-quarter earnings on Wednesday before the bell. Analysts expect revenue to grow 13.9% year on year, up from 8.8% in the same quarter last year. Last quarter, the financial services company posted revenue of $4.05 billion, up 16.7% and above analyst estimates. It also beat expectations for assets under management and earnings per share. Analysts have largely held their estimates over the past 30 days. Peers Jefferies and FactSet have already reported, with revenue up 8.5% and 6.3% respectively, both ahead of forecasts. State Street shares are down 7% over the past month, trading at $175.05. The average analyst price target is $199.03.

Gate.com
Oct 12th, 2026
Bloomberg announces 11th Annual ETFs in Depth event for November 19.

Bloomberg announces 11th Annual ETFs in Depth event for November 19. 2026-10-12 05:54:08 Key takeaways. * Bloomberg announced its 11th Annual ETFs in Depth event for November 19 in New York City. * Vanguard, BlackRock, and State Street will participate in discussions on artificial intelligence and tokenization. * The event venue changed to the Conrad hotel to accommodate increased space requirements. Bloomberg announced its 11th Annual ETFs in Depth event scheduled for November 19 in New York City. The event will take place at the Conrad hotel due to increased space requirements. Major financial firms including Vanguard, BlackRock, and State Street will participate, with discussions covering artificial intelligence, tokenization, and new ETF products. Bloomberg event features major financial firms and innovation topics. The 11th Annual ETFs in Depth event will host executives from Vanguard, BlackRock, and State Street. The agenda includes discussions on artificial intelligence, tokenization, and novel ETF products. Eric Balchunas will present a 2027 ETF outlook at the event. The venue changed to the Conrad hotel in New York City to accommodate increased space requirements. Faq. When is Bloomberg's 11th Annual ETFs in Depth event? Bloomberg's 11th Annual ETFs in Depth event is scheduled for November 19 in New York City at the Conrad hotel. Which firms will participate in Bloomberg's ETF event? Major financial firms including Vanguard, BlackRock, and State Street will participate in the event, with discussions covering artificial intelligence, tokenization, and new ETF products. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Kalkine Media
Oct 8th, 2026
State Street Bank acquires 5.15% stake in SRG Global Limited

State Street Bank and Trust Company and its State Street Corporation subsidiaries have acquired a 5.15% stake in SRG Global Limited, becoming substantial shareholders. The disclosure, filed on 8 October 2026, shows the group holds relevant interest in 32,640,420 ordinary shares. The relevant interests span multiple State Street entities, including State Street Global Advisors units in Australia, Europe and the US. These interests derive from investment management roles, securities lending arrangements and collateral securities rights under the Corporations Act 2001. Registered holders identified in the filing include Citibank NA, Northern Trust Company, JPMorgan AG, BNP Paribas and Bank of New York Mellon. Security parcels range from 28,583 to 21,684,348 ordinary shares.