Full-Time
Software Quality Assurance Testing Engineer
Posted on 8/15/2025
State Street
10,001+ employees
Asset management and custody for institutions
Compensation Overview
$128.6k - $160k/yr
Company Historically Provides H1B Sponsorship
Princeton, NJ, USA
Hybrid
Hybrid telecommuting permitted per company policy; on-site may be required.
 QA & Testing (5) |
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- Bachelor’s degree or its equivalent in Computer Science or related field
- 7 years of experience in Software Quality Assurance or any occupation/title providing experience in QA testing
- Alternatively, the Employer will accept a Master’s degree or its equivalent in Computer Science or related field; and 5 years of experience in Software Quality Assurance or any occupation/title providing experience in QA testing
- Proven knowledge in STLC process - creating, maintaining and executing automation/functional test plans, writing test scripts against software platforms, communicating test results, tracking defects and participating in day to day QA activities
- Proven ability to create objects and methods, and hand-code test scripts using automated testing tools
- Proven knowledge of reusable coding patterns and object-oriented paradigms as applied to automated testing tools
- Ability to quickly troubleshoot and diagnose issues within the quality assurance environment and communicate that knowledge to a varied audience of technical and non-technical stakeholders
- Proven understanding and hands on experience in ETL/DWH testing
- Hands on experience on SQL (Analytical Functions and complex queries), SQL developer and TOAD
- Experience with Selenium, Python, Java, Visual Basic/VB Script, Test NG, and/or BDD framework for test automation
- Knowledge of test methodologies and their corresponding tools including JIRA,X-Ray, HP ALM or RTC
- Demonstrated understanding of Agile methodology and Agile Ceremonies
- Excellent verbal and written communication skills
- Must have hands on experience on Selenium Web driver or Python for test automation framework
- Must have knowledge on writing Spark SQL queries for data analysis
- Experience in Financial domain and knowledge of Anti-Money Laundering (Sanctions, or Transaction Monitoring, or Know Your Customer), financial securities, or trading principles
- Understanding of core banking payment systems such as BESS, PEP+, GPP, ACI, MTS etc. or experience with Global Banking Modernization.
- Drive testing and test automation across Compliance Technology products
- Work with users and developers to define new projects to extend and enhance the company’s proprietary financial applications
- Create test scenarios and implement functional test cases (automated and otherwise) that will serve as acceptance test criteria for enhancements and new applications
- Work closely with developers and quality assurance members to run test suites and research errors
- Work with the support group to reproduce production problems and identify gaps in the regression test suite
- Work with developers to utilize and extend custom test harnesses for applications
- Find ways to enhance the testing process with new tools, strategies, and techniques
- Drive testing and automation for Compliance Technology
- Willingness to learn new technologies and push the boundaries of test automation to achieve measurable efficiencies
- Hybrid telecommuting permitted pursuant to Company policy
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
Simplify's Take
What believers are saying
- Q1 2026 revenue hit $3.8 billion, up 16%, with record $54.5 trillion custody assets.
- Tokenized fund launches end-2026 on Digital Asset Platform from Luxembourg.
- AI scales enterprise-wide by late 2026, boosting 27.9% operating margins.
What critics are saying
- BlackRock and Vanguard Nasdaq 100 ETFs erode State Street's passive indexing fees.
- Fed rate cuts compress net interest income 15-25% within 6-18 months.
- CET1 ratio at 10.6% forces capital raise if markets downturn in 12 months.
What makes State Street unique
- State Street manages $5.6 trillion AUM and $54.5 trillion under custody as of Q1 2026.
- State Street bridges traditional custody with digital assets via fund administration and staking.
- State Street acquired Mizuho's $580 billion ex-Japan custody business in late 2025.
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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
State Street expands its relationship with Thornburg. 09 April 2026 US Reporter: Zarah Choudhary Image: Bijac/stock.adobe.com State Street has announced the expansion of its relationship with Thornburg Investment Management, a privately owned global investment firm. State Street will be providing end?to?end servicing support for Thornburg's new ETF share classes. Under the expanded mandate, State Street will deliver ETF servicing for Thornburg's new share classes, including custody, accounting, ETF basket creation, create-and-redeem order management, ETF settlement, transfer agency, and reporting. The firm says that the announcement marks only the second active ETF share-class servicing mandate in the US, with State Street serving as provider. Donna Milrod, chief product officer at State Street, says: "Thornburg has a long history of delivering differentiated, actively managed strategies, and Assetservicingtimes is proud to support the continued evolution of their ETF platform. "Our role is to provide the operational scale and flexibility that allows clients to focus on investment outcomes, while ensuring a consistent and seamless experience across fund structures." Mark Zinkula, CEO of Thornburg, adds: "State Street has been a trusted partner to Thornburg for decades. Their deep experience across fund structures and their ability to support the full ETF lifecycle positions them well to help us meet evolving client needs." Previous industry article Next industry article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Live Nasdaq Composite: fear hits markets as US raises stakes in mideast standoff. By Gerelyn Terzo Updated Apr 7, 12:55PM EDT · Published Apr 7, 9:58AM EDT Quick read. * Broadcom (AVGO) gained 3% after securing Google and Anthropic as AI chip customers. Invesco QQQ (QQQ) faces new competition as BlackRock and State Street prepare to launch their own Nasdaq 100 ETFs. Humana (HUM) and UnitedHealth (UNH) rose on higher Medicare reimbursement rates. * Trump's 8pm ET ultimatum to Iran over the Strait of Hormuz has driven oil prices to $115 WTI and $110 Brent, pressuring stocks while UBS cut its S&P 500 year-end target to 7,500 citing sustained inflation and delayed Fed rate cuts. * Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Live updates. AI spending spree. 9 hours ago OpenAI and Anthropic are both projected to dramatically ramp up model training spending through the end of the decade, with OpenAI alone expecting to direct $121 billion toward AI research compute by 2028, according to the WSJ. Defense tailwinds. 10 hours ago Bernstein, a research JV between SocGen and AllianceBernstein, view Trump's proposed $1.5 trillion defense budget as a tailwind for defense stocks...if it makes it across the finish line. The firm is forecasting 101% growth in overall spending and a 63% jump in R&D, driven by a surge in space, shipbuilding, and missile activity. Labor market finds footing. 12 hours ago U.S. private employers added an average of 26,000 jobs per week in the four weeks ending March 21st, marking the third straight week of improvement, according to ADP. President Trump has placed an 8pm ET deadline on Iran to reopen the Strait of Hormuz or its bridges and utility plants would be bombed. In response to the escalated tensions, oil prices are rising, with WTI Crude and Brent Crude hovering at around $115 and $110, respectively. All three of the major stock market averages are under pressure, including the Nasdaq Composite, which is being led lower by the likes of ASML Holding (Nasdaq: ASML) and Tesla (Nasdaq: TSLA). The Invesco QQQ (Nasdaq: QQQ) is about to get some heavyweight competition. Both BlackRock and State Street are preparing to launch their own Nasdaq 100 ETFs, targeting one of the most popular funds on Wall Street. Wall Street firm UBS is less optimistic on U.S. stocks, trimming its year-end S&P 500 target to 7,500 from 7,700 and its mid-year call to 7,000 from 7,300. The firm is blaming the Iran war as a force that could keep oil prices high, drag on growth, and push Fed rate cuts further down the road. Here's a look at where things stand as of morning trading: Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Dow Jones Industrial Average: 46,361 Down 0.66% Nasdaq Composite: 21,849 Down 0.65% S&P 500: 6,574 Down 0.53% Market movers. Broadcom (Nasdaq: AVGO | AVGO Price Prediction) is tacking on 3% today after signing on Google (Nasdaq: GOOGL) and Anthropic for its AI chips. Intel (Nasdaq: INTC) is jumping on the the innovation bandwagon, joining the Terafab project alongside SpaceX, xAI and Tesla to bolster silicon fabrication for AI and robotics. Elon Musk's SpaceX will reportedly target a valuation of $1.75 trillion, setting out on its investor roadshow in early June. Dividend stock Hershey (NYSE: HSY), which has been accused of using a chocolate substitute by the Reese's family, is trying to make things right. The company has promised to switch to real chocolate in all its products (eventually) alongside the introduction of two new products, Reese's Marshmallow Cup and Reese's Strawberry PB&J Cup. Delta (NYSE: DAL) is raising baggage fees for passengers again, and the stock is down 1% today. Insurance stocks are rising, including the likes of Humana (NYSE: HUM), up 6%, and UnitedHealth (NYSE: UNH) thanks to higher Medicare payments. If you've been thinking about retirement, pay attention (sponsor). Retirement planning doesn't have to feel overwhelming. The key is finding expert guidance, and SmartAsset's simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here's how: Why wait? Start building the retirement you've always dreamed of. Get started today! (sponsor) This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby. More Content Companies Mentioned
State Street issues 2005 Corporate Social Responsibility Report. May 16, 2006 BOSTON-(BUSINESS WIRE)-May 15, 2006-State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, today announced the release of its 2005 Corporate Social Responsibility (CSR) Report. The third annual report provides details on the company's environmental, social and governance initiatives, and summarizes the past year's activities of the State Street Foundation, the company's philanthropic entity. The 2005 report is based on criteria established by the Global Reporting Initiative (GRI), a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable sustainability reporting guidelines. This set of guidelines is designed to serve as an international benchmarking tool for social responsibility reports. Centered on the theme of adding value, the report summarizes the many ways in which State Street focuses on having a positive impact on its key stakeholders, including: customers, employees, shareholders, strategic partners and community neighbors. New elements of this year's report include a description of State Street's environmental policy and management system, along with a new code of conduct for its suppliers. "This year State Street is proud to further expand our reporting to reflect the continuing trend of sustainable development and transparency across industries," said George Russell, executive vice president and head of Community Affairs. "At State Street, being an industry leader is synonymous with being a responsible company. This report shows how we respond to global issues while maintaining our commitment to the local communities in which we conduct business." Community support is also a major theme of the report, which includes large sections devoted to the corporation's philanthropy and employee volunteer programs. Since its launch in 1977, the State Street Foundation has made some 6,400 grants totaling US$100 million. Additionally, in 2005, more than 6,400 employees and alumni served 34,400 hours in volunteer service worldwide. For its strong philanthropic ties to the communities where it conducts business, State Street was recently named to Business Ethics magazine's 100 Best Corporate Citizens List for 2006. For more information on the 2005 Corporate Social Responsibility Report, please visit www.statestreet.com/company/community_affairs/csrreport2005.pdf State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $10.7 trillion in assets under custody and $1.5 trillion in assets under management (as of March 31, 2006), State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.
State Street has been appointed as end-to-end service provider for Dimensional Fund Advisors' first-of-its-kind US ETF share class structure under new SEC exemptive relief. The March 2026 mandate reinforces State Street's central role in the evolving ETF ecosystem. The company has also added Susan Gordon, a national security and technology expert, to its board, strengthening expertise in cybersecurity, critical infrastructure and geopolitical risk. The appointment complements State Street's push into complex fund structures that favour scaled providers. State Street's investment narrative projects $14.7 billion revenue and $3.5 billion earnings by 2028, with a fair value of $144.30 representing 18% upside. However, investors face ongoing risks from fee compression, technology disruption and potential regulatory pressure on capital requirements.
State Street Corporation is set to report fiscal Q1 2026 results on 17 April. Analysts expect adjusted earnings per share of $2.48, up 21.6% year-over-year. The company has beaten Wall Street estimates in the past four quarters. For fiscal 2026, analysts project adjusted EPS of $11.59, representing a 12.5% increase from fiscal 2025. STT stock has gained 36.3% over the past 52 weeks, outperforming the S&P 500's 14.9% rise. The Boston-based financial services provider dropped 6.1% on 16 January after reporting a 5% decline in Q4 2025 profit to $747 million, impacted by elevated costs including $206 million in restructuring charges. Analysts maintain a "Moderate Buy" rating with an average price target of $144.79, suggesting 15.1% upside.