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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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.
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