Alternatives and Private Markets Software Engineering and Development Lead, MD

State Street; Quincy (MA); On-site; USD 170,000 - 283,000; Full time

Benefits offered by this job

401K match

Paid time off

Volunteer days

Employee networks

Job summary

State Street is seeking a strategic and transformational technology executive to lead the Alternatives & Private Markets Technology organization. This Managing Director will define the technology strategy, delivery roadmap, modernization agenda, and operational excellence across Alternative Investment products.

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

Qualifications

• 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.

Responsibilities

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Skills

Executive leadership

Asset Management knowledge

Technology transformation

Global team management

Cloud & platform modernization

Regulatory & risk awareness

Education

Bachelor's degree in Computer Science / Engineering / IT

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

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary 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 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.

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.

Job ID: R-797794