Full-Time
Mainframe Software Engineer Assistant Vice President
Multiple Teams
Posted on 8/23/2026
State Street
10,001+ employees
Asset management and custody for institutions
No salary listed
Bengaluru, Karnataka, India
Hybrid
The posting includes an unresolved hybrid work requirement; specific office days and shift timings are not provided.
Bachelor's, Master's
 Software Engineering (1) |
|---|
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- Strong expertise in mainframe technologies, including COBOL, PL1, JCL, DB2, and CICS.
- Familiarity with performance tuning techniques.
- Experience working in banking, custody, asset servicing, fund accounting, or financial services environments.
- Strong knowledge of the Software Development Life Cycle, Agile, and release management.
- Demonstrated critical thinking and sound decision-making capabilities in complex environments.
- Strong problem-solving and analytical abilities.
- Good communication and stakeholder collaboration.
- A Bachelor's or Master's degree in Computer Science, Information Technology, Engineering, or a related field.
- 12–16 years of IT experience, including at least 8 years in mainframe development and support.
- Lead end-to-end delivery of mainframe application development and maintenance initiatives.
- Provide technical leadership for IBM Mainframe technologies including COBOL, PL1, JCL, DB2, CICS, and MQ.
- Drive modernization initiatives.
- Manage multiple projects across development and support teams.
- Ensure delivery commitments related to scope, quality, budget, and timelines.
- Coordinate with stakeholders for requirements, prioritization, and issue resolution.
- Monitor project risks, dependencies, and resource utilization.
- Lead root cause analysis and resolution for major production incidents.
- Drive continuous improvement initiatives to reduce operational risk.
- Lead and mentor development team members.
- Support hiring, onboarding, and talent development initiatives.
- Act as a primary technology partner for business, operations, and senior leadership.
- Translate business requirements into scalable technical solutions.
- Present status updates, risks, and strategic recommendations to leadership teams.
- Identify opportunities to modernize legacy applications.
- Drive adoption of automation, AI-assisted development, and engineering best practices.
- Support migration and integration strategies between mainframe and cloud/distributed platforms.
- Experience with IDz.
- Experience with MQ.
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 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
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.