Full-Time
Software Engineer 1
Full Stack, Officer
State Street
10,001+ employees
Asset management and custody for institutions
Compensation Overview
$70k - $118.8k/yr
Company Historically Provides H1B Sponsorship
Burlington, MA, USA
In Person
Bachelor's, Master's
 Software Engineering (1) |
|---|
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- A B.S. or master's degree in computer science, engineering, mathematics, physics, or another technical course of study is required.
- One to five years of professional experience is required.
- Candidates should have initial experience with Java, PowerShell, and batch scripts and knowledge of C#.
- Candidates should be familiar with DevOps, continuous delivery, clean code, test-driven development, and agile methods.
- Candidates should have experience with Jira and Confluence.
- Employees are expected to work from office locations according to country-specific guidelines.
- Contribute under the guidance of senior engineers to the analysis, design, development, testing, and debugging of large and complex software enhancements and solutions within the CRD/Alpha Platform domains, including modifications to core frameworks and other primary facilities critical to system operation.
- Collaborate with Business Analysts to create simple and sustainable software solutions for complex problems.
- Participate in the agile software development process, including daily standups, sprint planning, backlog grooming, and retrospectives.
- Participate in on-the-job and formal training to develop your career.
- Develop practical experience with object-oriented programming, compiler or interpreter technologies, embedded systems, operating systems, relational databases, scripting, and new or advanced programming languages.
- Develop web-based applications with ReactJS.
- Learn how to build event-driven architectures.
- Build knowledge of Kafka and/or Kubernetes.
- Learn to develop cloud-native services on one or more major cloud providers, including Azure, AWS, or Google Cloud, using Java and Spring.
- Learn Snowflake and SQL Server.
- Learn to develop observable and operable cloud-native software that horizontally scales and follows modern architectural principles.
- Develop business acumen in portfolio management, trading, compliance, post-trade, IBOR, or wealth management.
- Build knowledge of testing standards and supporting frameworks such as Jest, Cypress, and Jasmine.
- Interest and passion for building high-quality software in the financial technology space.
- Eagerness to learn and challenge the status quo.
- An analytical and solution-oriented approach.
- Effective written and verbal communication.
- Ability to work well with peers in a collaborative team environment.
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's Take
What believers are saying
- Q2 2026 revenue rose 17% to $4.05 billion; net income jumped 56%.
- New servicing wins reached $384 billion, led by asset managers and alternatives.
- Management changed State Street's fiscal year to calendar-year reporting, improving peer comparability.
What critics are saying
- March 2026 workforce rationalization cost $89 million, and headcount fell 2% year over year.
- Eleven state attorneys general sued State Street in Texas over coal antitrust claims.
- Pending regulatory approval leaves the Santander CACEIS Latam acquisition vulnerable until 2027.
What makes State Street unique
- State Street runs $57.9 trillion in AUC/A and $6.28 trillion in AUM.
- Its Latin America deal adds $470 billion custody across Brazil, Mexico, and Colombia.
- Dublin's new 80,000-square-foot HQ and Kilkenny cybersecurity center deepen operations.
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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 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.
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.
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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.