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Job Title BackOffice Mainframe Technology Application Development / Maintenance Lead, VP
Role Summary
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Role Description
State Street is seeking a senior technology delivery leader to serve as a Mainframe Technology Lead for Project Diogene, a strategic initiative within the Custody Technology portfolio of Investment Services Technology. This role will provide end‑to‑end leadership for the delivery, stabilization, and modernization of core custody, cash processing platforms, with a strong emphasis on mainframe‑based systems that support global custody operations.
Project Diogene is a strategic transformation initiative within State Street’s Custody Technology landscape, aimed at strengthening the firm’s core custody platforms while positioning them for long‑term scalability, resiliency, and regulatory readiness.
The role acts as a critical connector between Custody business, Operations, and Technology, ensuring high system resiliency, operational accuracy, regulatory compliance, and controlled modernization of legacy platforms. The ideal candidate will bring 18+ years of experience in Financial Services IT, with deep expertise in custody domain processing, mainframe technology, and large‑scale transformation programs.
This position is intended to be a senior role (VP‑level). Final designation will depend on evaluation outcomes and overall fit.
As one of the GTS Delivery Leads, you will be responsible for:
- Providing end‑to‑end delivery leadership for Project Diogene, covering custody, corporate actions, cash processing with focus on application architecture, development, enhancements, regulatory changes, and production support
- Acting as the overall delivery owner for the assigned Custody technology portfolio and associated delivery teams
- Leading and scaling mainframe‑centric delivery teams supporting custody business functions such as asset servicing, settlement, safekeeping, corporate actions, reference data , corporate actions, cash movements & processing.
- Overseeing (and hands‑on supporting when required) requirements definition, functional & technical design, testing, UAT, and post‑release stabilization
- Ensuring high availability, processing accuracy, data integrity, and operational stability of custody platforms
- Driving modernization initiatives under Project Diogene, including:
- Mainframe optimization and performance improvements
- Legacy code and batch rationalization
- Data and interface modernization
- Integration with distributed and cloud‑based platforms
- Partnering closely with Custody business, Client Operations, Product, Risk, Compliance, and Production Support teams
- Establishing and monitoring an effective governance and oversight framework to ensure issues, risks, and dependencies are proactively managed and resolved
- Promoting a strong culture of risk excellence, ensuring teams anticipate, monitor, manage, and report technology and operational risks
- Leading people and talent management, including:
- Capability building and upskilling in custody and mainframe technologies
- Performance management, coaching, and succession planning
- Employee engagement, retention, and diversity hiring in partnership with HR
- Driving a culture of clear ownership and accountability across delivery teams
- Contributing to horizontal initiatives such as knowledge management, audit readiness, delivery excellence, and enterprise risk controls
- Working closely with global teams across the US and India, with flexibility to operate across time zones as needed
- Supporting hiring and leadership responsibilities beyond the immediate team, aligned with seniority and organizational needs
Becoming a functional and technical SME for Project Diogene platforms, with deep understanding of custody business flows and underlying system architecture
- Hands‑on experience with AI, machine learning, and Agentic AI in enterprise environments; familiarity with mainframe technologies and integration patterns preferred
Core/Must Have Skills
- Strong understanding of Custody business processes, including:
- Trade settlement, safe keeping, positions and asset servicing
- Safekeeping and position management
- Corporate actions processing
- Client and regulatory reporting
- Cash Processing, including balances, movements, funding, and reconciliations
- Familiarity with financial controls, regulatory requirements, and risk management
- Extensive hands on experience with mainframe technologies, including:
- COBOL, JCL, CICS, DB2, IMS (or equivalent)
- Large scale batch processing and scheduling frameworks
- Proven track record in mainframe application development, testing, and production support
- Experience integrating mainframe systems with distributed / cloud platforms
- Exposure to legacy modernization and transformation programs is highly desirable
- Extensive experience leading large, distributed delivery teams (employees and vendors)
- Proven track record of delivering large-scale, complex, and transformational programs
- Strong understanding of SDLC, Agile and hybrid delivery models
- Excellent problem-solving, analytical, and decision-making skills
- Ability to operate effectively in a matrixed global organization
- Excellent written and verbal communication skills in English
- Strong stakeholder management skills with the ability to influence across business and technology
- Ability to navigate and lead within cross-cultural, globally distributed teams
- Alignment with a flat, open, and transparent work culture
- Willingness to roll up sleeves and engage hands‑on when required, despite seniority
Education & Preferred Qualifications
- Engineering Degree, MCA or equivalent
- 18+ years of commercial software development, proficient in developing multi-tier solutions
- 10+ years of demonstrated ability to lead engineering teams/projects
- 10+ years of hands-on experience in mainframe technologies, including:
- COBOL, JCL, CICS, DB2, IMS (or equivalent)
- Batch processing, scheduling, and recovery frameworks
Work Schedule
Hybrid
Keywords (If any)
Why this role is important to us
Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.
We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.
Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
About State Street
Across 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.
Discover more information on jobs at StateStreet.com/careers
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Job ID: R-790173
