Who we are looking for
State Street is seeking a skilled Software Developer to join our Investment Book of Records (IBOR) Development Team. We are looking for a motivated technology professional with strong COBOL development experience and a passion for delivering high-quality software solutions. The ideal candidate will collaborate effectively with senior developers, business stakeholders, and cross-functional teams to support and enhance critical business applications.
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 a Software Developer, you will:
Design, develop, test, and maintain in-house IBOR applications.
Support and enhance existing COBOL-based applications and business functionality.
Participate in application analysis, coding, testing, and implementation activities.
Work closely with senior developers and business analysts to translate business requirements into technical solutions.
Troubleshoot and resolve application defects and production issues.
Perform code reviews and adhere to established development standards and best practices.
Participate in system integration, testing, and deployment activities.
Contribute to application performance improvements and operational stability initiatives.
Support Agile development processes and project delivery activities.
Prepare technical documentation and maintain development artifacts.
What we value
These skills will help you succeed in this role
Hands-on experience with COBOL application development and support.
Experience working with relational databases and SQL.
Familiarity with Unix/Linux environments.
Ability to analyze complex business and technical requirements.
Strong debugging and troubleshooting skills.
Education & Preferred Qualifications
Bachelor's degree in Computer Science, Information Technology, Engineering, or a related field.
Relevant experience in software development and application support.
Additional requirements
Ability to participate in production support activities as needed.
Ability to work with globally distributed teams across multiple time zones.
Commitment to meeting project deadlines and delivering high-quality solutions.
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:
$75,000 - $123,750 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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Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Skills Required
- Hands-on experience with COBOL application development and support
- Experience working with relational databases and SQL
- Familiarity with Unix/Linux environments
- Ability to analyze complex business and technical requirements
- Strong debugging and troubleshooting skills
- Bachelor's degree in Computer Science, Information Technology, Engineering, or a related field
- Relevant experience in software development and application support
- Ability to participate in production support activities as needed
- Ability to work with globally distributed teams across multiple time zones
- Ability to work onsite four days per week and remotely one day per week
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
