S

State Street

Holds assets for institutions and runs index funds

Azure Platform Engineer Senior Associate

Full-TimeUpdated on 10/23/2026Deadline 10/30/26
No salary listed
Senior
Bachelor's
Hyderabad, Telangana, India+1 moreMore locations: Bengaluru, Karnataka, India
In PersonFully office-based in Bangalore or Hyderabad only; APAC schedule 6 am–3 pm or EMEA schedule 1 pm–10 pm.
DevOps & InfrastructureCloud Engineering

About the job

Requirements
  • Bachelor's degree in Engineering, Computer Science, Information Technology, or a related technical discipline.
  • At least 5 years of IT experience, including at least 3 years of hands-on experience with Microsoft Azure.
  • Strong hands-on experience working with Microsoft Azure in enterprise environments.
  • Solid understanding of Infrastructure as Code (IaC), Terraform, automation, and DevOps practices.
  • Practical experience supporting secure and compliant Azure platform services.
  • Experience working with Agile delivery methodologies and modern software development lifecycle practices.
  • Working knowledge of Azure DevOps, Harness, ServiceNow, or similar tooling.
  • Experience with Azure infrastructure as a service, platform as a service, networking, security, governance, and monitoring services.
  • Hands-on experience with Terraform, ARM/Bicep templates, or other Infrastructure as Code technologies.
  • Scripting experience using PowerShell, Azure CLI, Python, shell scripting, or equivalent technologies.
  • Experience in one or more Azure domains: core infrastructure (compute, storage, networking); Azure security and identity (Azure AD/Entra ID, Key Vault, RBAC); containers and integration (AKS, Event Hubs); or data platforms (Azure SQL, Data Factory, Databricks, Cosmos DB).
  • Understanding of Azure Policy, governance, cost management, and compliance controls.
  • Familiarity with authentication protocols, SSL/TLS, and cloud security principles.
  • Core Azure services and platforms: Virtual Machines, Virtual Machine Scale Sets, Azure Storage (Blob, File, Disk), Azure Virtual Network, Azure Load Balancer, Azure Application Gateway, Azure Front Door, Azure DNS, Azure Bastion, Azure Key Vault, Azure Monitor, and Log Analytics.
  • Azure networking and connectivity: VNet design and peering, Hub-Spoke architecture, Azure Firewall, NSGs, Azure ExpressRoute, VPN Gateway, Private Endpoints, and Private DNS Zones.
  • Azure landing zone and governance capabilities: Azure Landing Zones (CAF), subscription vending, Management Groups, Azure Policy, RBAC, identity and access management, and the Shared Responsibility Model.
  • Availability Sets and Zones, Azure load-balancing strategies, backup and restore, cross-region disaster recovery, and platform disaster-recovery testing.
  • Container and platform services: Azure Kubernetes Service (AKS), Azure Container Registry (ACR), Helm, Azure App Service, and Azure Functions.
  • Monitoring, security, and compliance tools and practices: Azure Monitor, Log Analytics, Defender for Cloud, policy-driven compliance, audit and MRA remediation, and JupiterOne integration.
  • Migration and modernization experience: application and infrastructure migrations to Azure, Infrastructure as Code refactoring, ADO-to-TFE migration, and Azure Database Migration Services.
  • Infrastructure as Code and automation tools: Terraform, Terraform Enterprise (TFE), Azure DevOps (ADO), Harness, ARM Templates, PowerShell, and Azure CLI.
  • Tooling and collaboration: JIRA, Confluence, ServiceNow integration, and Git/GitHub.
  • Candidates must be willing to relocate to Bangalore or Hyderabad if they are not already willing to do so.
Responsibilities
  • Implement and support secure, scalable, and resilient Azure infrastructure solutions aligned with enterprise standards.
  • Enable Azure services and platform capabilities through standardized, reusable deployment patterns.
  • Contribute to Azure platform enhancements, service onboarding activities, and platform modernization initiatives.
  • Follow established architecture, security, governance, and resiliency frameworks when delivering solutions.
  • Develop and maintain Infrastructure as Code solutions using Terraform and scripting technologies.
  • Support automation initiatives across provisioning, configuration management, validation, monitoring, and operational processes.
  • Improve deployment consistency and operational efficiency through automation and reusable modules.
  • Participate in CI/CD implementation and platform release activities.
  • Work with application and development teams to understand workload requirements and support Azure adoption.
  • Provide guidance on Azure platform services, deployment patterns, and cloud best practices.
  • Collaborate with platform architects, security teams, and operations teams to deliver compliant and reliable solutions.
  • Monitor platform health using enterprise monitoring and observability tools.
  • Troubleshoot platform issues, perform root cause analysis, and support incident resolution.
  • Document solutions, operational procedures, and technical implementations.
  • Participate in operational improvement initiatives to improve platform stability and reliability.
  • Contribute to improving Azure platform standards, reusable modules, automation frameworks, and governance controls.
  • Support initiatives focused on security, compliance, cost optimization, developer experience, and operational excellence.
  • Promote automation-first engineering practices and continuous learning within the team.
Desired Qualifications
  • Experience in regulated industries such as financial services is preferred.
  • Azure certifications such as AZ-104, AZ-305, AZ-400, or equivalent are desirable.
  • Cross-team collaboration.
  • Strong communication skills.
  • A product mindset for platforms.
  • Mentoring and knowledge sharing.
  • Technical documentation.
  • Agile working.

About the company

S

State Street

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Website

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

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.