Alternatives and Private Markets Software Engineering and Development Lead, MD

STATE STREET CORPORATION; Quincy (MA); On-site; USD 170,000 - 283,000; Full time

Benefits offered by this job

401K match

Medical/dental/vision coverage

Paid time off

Employee Assistance Program

Incentive awards

Tax-advantaged savings plans

Job summary

State Street Corporation is seeking a strategic technology executive to lead the Alternatives & Private Markets Technology organization in Massachusetts. This Managing Director will define and execute the technology strategy, delivery roadmap, modernization agenda, and operational excellence across a mission-critical portfolio.

The role partners with business, operations, product, risk, architecture, and engineering leaders to accelerate platform modernization, improve scalability and

Qualifications

• 15+ years of technology leadership, incl. executive leadership of large engineering organizations.
• Deep experience in Asset Management, Alternative Investments, or Financial Services.
• Proven track record leading large transformation and modernization programs.
• Experience managing global teams and complex stakeholder environments.
• Strong knowledge of software engineering, cloud, modernization, and resilience.
• Executive communication and stakeholder management skills.
• Bachelor’s degree in CS/Engineering/IT or related field; advanced degree preferred.

Responsibilities

• Define and execute long-term technology strategy for the platform ecosystem.
• Own end-to-end technology delivery across Private Markets platforms.
• Drive engineering excellence, automation, DevSecOps, and AI-enabled productivity.
• Partner with business and governance groups to align priorities with outcomes.
• Lead a global organization of engineering, architecture, delivery, and production support.
• Manage technology budgets, investments, and vendor relationships.

Skills

Strategic Leadership

Cloud technologies

Executive communication

Global teams

Technology strategy

Risk & compliance awareness

Financial management

Education

Bachelor's degree in Computer Science, Engineering, Information Technology, or related field

Advanced degree in Business, Engineering, Computer Science, or related discipline

Tools

Cloud platforms

Job description

We are seeking a strategic and transformational technology executive to lead the Alternatives & Private Markets Technology organization. This Managing Director role will be responsible for defining and executing the technology strategy, delivery roadmap, modernization agenda, and operational excellence across Alternative Investment products. This leader will partner closely with business, operations, product, risk, architecture, and engineering leaders to accelerate platform modernization, support business growth, improve scalability and resiliency, and reduce technology risk across a highly complex and business‑critical portfolio. The role will have end‑to‑end accountability for technology strategy, engineering delivery, production stability, talent development, and financial management in technology organization.

Key Responsibilities

• Strategic Leadership Define and execute the long‑term technology strategy for the Alternatives & Private Markets platform ecosystem. Drive platform modernization, cloud adoption, architecture simplification, and technology transformation initiatives. Develop and communicate a clear target‑state architecture and multi‑year investment roadmap aligned with business strategy and growth objectives. Provide thought leadership on emerging technologies, industry trends, and operational models within the Alternatives and Private Markets industry.
• Technology Delivery & Execution Own end‑to‑end technology delivery across Private Markets platforms, including application development, quality engineering, release management, and production support. Ensure predictable execution of strategic initiatives while maintaining operational excellence and client commitments. Establish delivery governance, performance metrics, and execution standards across globally distributed teams. Lead large‑scale transformation programs involving platform consolidation, re‑architecture, modernization, and decommissioning of legacy technologies.
• Engineering & Operational Excellence Drive engineering excellence through modern software development practices, automation, DevSecOps, and AI‑enabled productivity. Improve resiliency, availability, scalability, and performance of critical business platforms. Lead technology risk reduction efforts, including remediation of technical debt, cybersecurity vulnerabilities, infrastructure obsolescence, and operational risk exposures. Ensure regulatory, audit, and compliance requirements are embedded into engineering and operational processes.
• Business Partnership & Stakeholder Management Partner with business, operations, product, and client‑facing leadership teams to align technology priorities with business outcomes. Influence investment decisions, platform strategy, modernization priorities, and portfolio optimization efforts. Serve as the senior technology representative for the Middle Office domain with executive stakeholders and governance forums. Build strong partnerships across enterprise architecture, infrastructure, security, risk, and data organizations.
• Talent & Organization Leadership Lead and develop a global organization of engineering, architecture, delivery, and production support professionals. Create a culture of accountability, innovation, collaboration, and continuous improvement. Attract, retain, and develop top technology talent. Build leadership bench strength and succession plans across critical technology functions.
• Financial & Portfolio Management Manage technology budgets, strategic investment plans, and vendor relationships. Prioritize and optimize technology investments to maximize business value and risk reduction. Drive portfolio rationalization, platform consolidation, and application lifecycle management decisions.

Qualifications Required

• 15+ years of progressive technology leadership experience, including executive leadership of large‑scale engineering organizations.
• Deep experience within Asset Management, Asset Servicing, Alternative Investments, Private Markets, Capital Markets, or Financial Services.
• Proven track record leading large technology transformation and modernization programs.
• Experience managing global teams and complex stakeholder environments.
• Strong knowledge of software engineering, application architecture, cloud technologies, platform modernization, and operational resilience.
• Demonstrated success delivering mission‑critical platforms supporting front, middle, or back‑office investment operations.
• Exceptional executive communication and stakeholder management skills.
• Bachelor's degree in Computer Science, Engineering, Information Technology, or related field.
• Preferred Experience supporting Alternative Investment products or Fund Administration platforms.
• Experience leading cloud migration and application modernization initiatives.
• Knowledge of investment operations, transaction management, reconciliation, fund accounting, investor services, reporting, and regulatory obligations.
• Advanced degree in Business, Engineering, Computer Science, or related discipline.
• Salary Range: $170,000 - $282,500 Annual

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)
• eligibility for certain tax advantaged savings plans

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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 Read our CEO Statement

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 Read our CEO Statement