Full-Time

Software Engineering & Development

Deadline 8/6/27
State Street

State Street

10,001+ employees

Asset management and custody for institutions

Compensation Overview

$163.6k - $180k/yr

+ Annual performance-based awards

Company Historically Provides H1B Sponsorship

Austin, TX, USA

Hybrid

Hybrid-remote telecommuting is permitted under company policy.

Bachelor's

Category
Software Engineering (2)
,
Required Skills
Agile
React.js
Apache Kafka
Java
Microservices
REST APIs
DevOps
Oracle
Spring
Hibernate

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Requirements
  • A bachelor's degree or equivalent in Computer Science, Computer Engineering, or a related technical field.
  • Seven years of hands-on technology development experience.
  • Seven years of experience in the financial industry with complex operations asset classes including over-the-counter derivatives and syndicated and private bank loans.
  • Seven years of experience designing multithreaded backend applications for high-throughput processing.
  • Seven years of experience transforming legacy desktop applications into scalable, cloud-native web applications.
  • Seven years of experience with Java and Java Platform, Enterprise Edition.
  • Five years of experience with user-interface frameworks such as React JavaScript and Google Web Toolkit.
  • Five years of hands-on experience with web services and Java Message Service.
  • Five years of hands-on experience with Oracle, Procedural Language/Structured Query Language, stored procedures, or Exadata and SQL Server.
  • Five years of experience with database optimization concepts for identifying bottlenecks in queries and stored procedures.
  • Five years of experience with streaming platforms such as Apache Kafka or data-driven services supporting microservice architecture.
  • Five years of experience with Document Management Systems, including document ingestion, secure storage, metadata tagging, retrieval, and archiving.
  • Four years of experience designing and implementing Spring Boot scheduler jobs for efficient resource utilization and high throughput.
  • Experience developing and maintaining systems that ingest and process large volumes of bank-loan lifecycle event documents reliably and with high throughput.
  • Experience with high-volume, high-throughput, low-latency applications.
  • Ability to proactively identify and resolve project issues.
  • Strong verbal and written communication skills.
Responsibilities
  • Develop web front-end solutions using user-interface frameworks such as React JavaScript and Google Web Toolkit.
  • Develop and maintain middle-tier and backend modules using Java, Spring web services, streaming, messaging, Procedural Language/Structured Query Language, and Hibernate.
  • Serve as a lead developer on projects onboarding clients to the Derivatives Hub and Bank Loans HQ.
  • Work with developers, architects, and end users to ensure technical compatibility and user satisfaction.
  • Develop application solutions through effective use of offshore development teams.
  • Adopt and champion continuous integration and agile development practices.
  • Work with Business Analysts to translate business requirements into Agile Epics and sequencing roadmaps.
  • Serve as technical lead in modernization and transformation efforts for the Derivatives Hub and legacy Loans platforms.
  • Serve as a subject matter expert on Derivatives Hub and Bank Loans HQ business and process flows.
  • Maintain an understanding of Derivatives Hub and Bank Loans HQ applications and their derivatives-processing functionality.
  • Perform root cause analysis to identify major client issues and conduct business analysis to determine causes of platform discrepancies.
  • Identify and resolve project issues, troubleshoot data queries, and collaborate with development and support teams.
  • Communicate regularly with onshore and offshore teams and participate in status meetings with application stakeholders.

State Street provides asset management and custody banking services for institutional investors worldwide, with State Street Global Advisors managing portfolios and offering advisory services. It generates revenue from asset management fees, transaction fees, and custody/administration fees, plus income from its own investments and lending activities. The company differentiates itself through its global scale and focus on institutional clients, offering integrated asset management, custody, administration, research, and trading across a broad network. Its goal is to help institutional clients meet their financial objectives by delivering comprehensive investment, risk management, and custody solutions on a global platform.

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

  • Q2 2026 revenue rose 16.7% to $4.05 billion; EPS beat by 9.2%.
  • State Street won $87 million servicing fees and $384 billion new AUC/A in Q2.
  • The August 2026 preferred offering raised about $497 million for capital flexibility.

What critics are saying

  • State Street plans $500 million severance through 2029 for cloud automation and headcount cuts.
  • The LatAm acquisition needs regulatory approval, delaying synergies until 2027.
  • If asset-servicing fees keep falling, State Street becomes a low-return utility.

What makes State Street unique

  • State Street controls $57.86 trillion AUC/A and $6.28 trillion AUM, dominating institutional plumbing.
  • The Santander CACEIS Latam deal adds $470 billion custody in Brazil, Mexico, Colombia.
  • Dublin and Kilkenny investments deepen State Street’s global operations and cybersecurity footprint.

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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

Company News

AktienSensor
Aug 9th, 2026
State Street launches Series L perpetual preferred stock with 500,000 depositary shares offering

State Street Corporation has launched a public offering of 500,000 depositary shares, each representing one-hundredth of a Series L perpetual preferred stock share. The new Series L class features fixed-rate reset dividends aligned with risk-free rates. The company filed a Form 8-K on 5 August 2026 detailing the preferred stock amendments and offering structure. The depositary shares allow both institutional and retail investors to access the Series L preferred stock without committing to full shares, potentially broadening the investor base. State Street also announced it is changing its fiscal year to align with the calendar year, improving comparability with industry peers and streamlining tax filings. The company confirmed compliance with SEC regulations and reported no material adverse events. The perpetual structure provides State Street with capital structure flexibility whilst offering investors long-term income opportunities.

Crypto Reporter
Aug 7th, 2026
BlackRock positions tokenized cash for the stablecoin era.

BlackRock positions tokenized cash for the stablecoin era. BlackRock is expanding deeper into tokenized finance, this time targeting one of the fastest-growing opportunities created by U.S. stablecoin regulation: managing the assets that sit behind digital dollars. The world's largest asset manager has introduced two blockchain-based money market products designed to qualify as reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act. The first, BlackRock Select Treasury Based Liquidity Fund, or BSTBL, is a tokenized share class of an existing BlackRock money market fund. Shares are available on Ethereum, giving institutional investors blockchain-based access to a traditional Treasury-focused liquidity product. The second, BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, or BRSRV, is a newly created money market fund designed specifically with stablecoin reserves in mind. It offers daily dividend reinvestment and is being made accessible across multiple blockchains. Securitize serves as its transfer agent and tokenization provider. The launches point to a potentially significant consequence of stablecoin regulation. Stablecoin issuers generally need highly liquid, low-risk assets backing the tokens they put into circulation. Under the U.S. regulatory framework, that means instruments such as cash, Treasury securities and qualifying investment products. For large asset managers, those reserve requirements create a new pool of institutional money to manage. BlackRock has made clear that it wants a significant role in that market. The company already manages about $60 billion in reserves for Circle, the issuer of USDC, according to comments from BlackRock Chief Financial Officer Martin Small during its second-quarter earnings call. That represents a substantial share of a stablecoin market now valued at roughly $300 billion. BlackRock is not entering tokenized finance from scratch. In 2024, it launched the BlackRock USD Institutional Digital Liquidity Fund, better known as BUIDL, with Securitize. The tokenized money market fund has since grown to approximately $2.5 billion in assets and has increasingly been used within crypto markets as collateral. BSTBL and BRSRV take the strategy a step further. Instead of simply putting an investment fund on a blockchain, BlackRock is positioning tokenized funds as part of the financial infrastructure supporting regulated stablecoins. The opportunity has also attracted competitors. State Street, Franklin Templeton, Invesco and other large asset managers are developing products aimed at the growing market for stablecoin reserves and tokenized cash. This could create an unusual relationship between traditional asset management and digital currencies. Stablecoins are sometimes portrayed as competitors to traditional finance because they can move money outside conventional banking and payment networks. Yet their growth may simultaneously create demand for some of Wall Street's most traditional products: Treasury securities and money market funds. Tokenization adds another layer. Reserve assets themselves can increasingly exist in blockchain-compatible form, potentially allowing issuers to manage liquidity, collateral and settlement within the same digital infrastructure used for stablecoins. BlackRock has argued to U.S. regulators that tokenized versions of eligible reserve assets should not face additional limits merely because they are recorded on a distributed ledger. The company maintains that credit quality, duration and liquidity - rather than the underlying technology - should determine an asset's risk. That position offers a clue to where the market may be heading. Stablecoins may be crypto-native products, but the infrastructure beneath them is rapidly becoming institutional. As regulation defines what issuers can hold, major asset managers are competing to manage those reserves and bring them on-chain. BlackRock's latest launches suggest that the stablecoin boom may ultimately create as much opportunity for traditional finance as it does for crypto companies.

Kalkine Media
Aug 6th, 2026
State Street Corporation Acquires 5.01% Stake in Kingsgate Consolidated as Substantial Holder

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Kalkine Media
Aug 6th, 2026
State Street Corporation Acquires 5.01% Stake in Mesoblast Limited, Becoming a Substantial Shareholder

Catch the latest updates from Australia's premier stock exchange & market indices.

PitchOnNet
Aug 6th, 2026
State Street appoints Kenneth Vamshi as Managing Director.

State Street appoints Kenneth Vamshi as Managing Director. Prior to joining State Street, Vamshi was associated with HSBC for more than 22 years State Street has appointed Kenneth Vamshi as Managing Director, with Hyderabad serving as his base of operations. A seasoned finance and transformation leader, Vamshi brings deep expertise in finance operations, digital transformation and the establishment of global capability centres (GCCs). Over the course of his career, he has spearheaded finance transformation programmes and built GCCs across complex, multi-country business environments. Vamshi joins State Street after spending more than 22 years at HSBC. In his most recent role, he served as Senior Vice President, Head of Digital Finance and GCC Site Head, where he led digital finance initiatives and oversaw the company's GCC operations.