Who we are looking for
State Street is seeking an experienced Senior Software Developer to join our Investment Book of Records (IBOR) Development Team. We are looking for a highly motivated technology professional with strong analytical, problem-solving, and software engineering skills who can contribute across both legacy and modern technology platforms.
The ideal candidate will bring deep expertise in COBOL-based application development, a passion for modernization, and the ability to collaborate effectively with business stakeholders, architects, and development teams to deliver innovative technology solutions.
Why this role is important to us
The Investment Book of Records (IBOR) platform is a critical component of State Street's investment servicing ecosystem, supporting key business functions and client operations. As State Street continues its digital transformation journey, modernizing and enhancing core applications is essential to improving scalability, resiliency, operational efficiency, and time-to-market.
What you will be responsible for
As Senior Software Developer, you will:
Lead the design, development, enhancement, and maintenance of mission-critical IBOR applications.
Analyze business requirements and translate them into technical solutions.
Develop and support enterprise applications using COBOL and related technologies.
Participate in application modernization initiatives, including converting and refactoring COBOL applications to Java-based solutions
Collaborate with solution architects, business analysts, QA teams, and infrastructure teams to deliver high-quality solutions.
Perform system analysis, technical design, coding, testing, and implementation activities.
Troubleshoot production issues and provide timely resolution for application defects.
Review code and technical designs to ensure adherence to development standards and best practices.
Contribute to application performance tuning, stability improvements, and operational excellence initiatives.
Support Agile development practices including sprint planning, estimation, and release activities.
Mentor junior developers and provide technical leadership within the team.
Participate in technology modernization assessments and roadmap planning.
What we value
These skills will help you succeed in this role
Extensive experience developing and supporting COBOL applications in enterprise environments.
Strong understanding of mainframe or distributed legacy application architectures.
Experience with application modernization and migration programs.
Java development experience, including object-oriented design principles.
Strong SQL and relational database knowledge.
Experience working in Unix/Linux environments.
Experience with source control, CI/CD, and DevOps practices. .
Ability to work effectively in a fast-paced, collaborative environment.
Education & Preferred Qualifications
Bachelor's degree in Computer Science, Engineering, Information Systems, or a related discipline.
10+ years of professional software development experience.
Significant hands-on experience with COBOL application development and support.
Experience working in complex enterprise application environments.
Strong understanding of SDLC, Agile methodologies, and software engineering best practices.
Additional requirements
Ability to participate in production support activities as needed.
Strong organizational and prioritization skills.
Ability to manage multiple initiatives simultaneously.
Work Requirement
Onsite 4 days a week in office and one day remote
Standard business hours aligned to project and stakeholder needs(8am to 5pm)
Salary Range:
$100,000 - $167,500 AnnualThe range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State StreetAcross the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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Skills Required
- Extensive experience developing and supporting COBOL applications in enterprise environments
- Strong understanding of mainframe or distributed legacy application architectures
- Experience with application modernization and migration programs
- Java development experience, including object-oriented design principles
- Strong SQL and relational database knowledge
- Experience working in Unix/Linux environments
- Experience with source control, CI/CD, and DevOps practices
- Bachelor's degree in Computer Science, Engineering, Information Systems, or a related discipline
- 10+ years of professional software development experience
- Significant hands-on experience with COBOL application development and support
- Experience working in complex enterprise application environments
- Strong understanding of SDLC, Agile methodologies, and software engineering best practices
- Ability to participate in production support activities as needed
- Strong organizational and prioritization skills
- Ability to manage multiple initiatives simultaneously
State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
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Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
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Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
State Street Insights
What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
