Head of Cryptography, MD

State Street; Austin (TX); On-site; USD 175,000 - 288,000; Full time

Benefits offered by this job

Competitive compensation

401K with company match

Paid time off

Job summary

State Street is seeking a Managing Director, Head of Cryptography to define and govern enterprise cryptography, key management, and modernization across cloud and on‑prem environments. You will lead a global program ensuring confidentiality, integrity, and resilience of critical systems.

The role requires executive leadership, strategic thinking, and deep cryptography expertise to partner with Infrastructure, Cloud, IAM, Data, and Risk teams.

Qualifications

• Bachelor's degree in CS, Eng, InfoSec, or Math.
• Advanced cryptography and security knowledge.
• Experience leading enterprise cryptography programs.
• Strong leadership and communication skills.

Responsibilities

• Define and execute the firm's cryptography strategy, roadmap, and governance.
• Lead enterprise cryptography modernization initiatives across cloud and on‑prem environments.
• Establish enterprise key management and secrets management services.
• Drive adoption of automated cryptographic lifecycle capabilities and secure migrations.
• Partner with architecture and security teams to embed cryptographic controls by design.

Skills

Executive leadership

Cryptography expertise

Strategic thinking

Automation & security engineering

Education

Bachelor's degree in Computer Science, Engineering, Information Security, Mathematics

Advanced degree preferred

Tools

HSM

KMS

Secrets management

PKI

Machine identity management

Job description

Who We Are Looking For

Managing Director, Head of Cryptography is a senior leadership role responsible for defining, governing, and advancing the firm's enterprise cryptography, key management, secrets management, and cryptographic modernization strategy.

This leader will be accountable for ensuring the confidentiality, integrity, authenticity, and resilience of the firm's critical systems, applications, data, and digital transactions through industry-leading cryptographic controls and services.

Why this role is important to us

The role requires a forward-thinking technical executive capable of driving enterprise-scale transformation across cloud, hybrid, and emerging technology environments. The successful candidate will lead the evolution of cryptographic capabilities to support modern architectures, AI-enabled platforms, cloud-native services, machine identities, and future threats, including quantum computing risks. This executive will partner closely with Infrastructure, Cloud Engineering, Application Development, Data, Security Architecture, IAM, and Enterprise Architecture teams to ensure cryptography is embedded by design across the organization's technology ecosystem.

What You Will Be Responsible For

Enterprise Cryptography Strategy

Define and execute the firm's comprehensive cryptography strategy, roadmap, and governance framework.

Establish Enterprise Standards And Policies Covering

• Encryption at rest
• Encryption in transit
• Key management
• Secrets management
• Certificate management
• Digital signatures
• Tokenization
• Hardware Security Modules (HSMs)
• Cryptographic agility

Ensure cryptographic capabilities support business growth, regulatory expectations, cloud transformation, and emerging technology adoption.

Develop executive-level metrics and reporting that provide visibility into cryptographic maturity, risk exposure, and modernization progress.

Cryptographic Modernization

Lead enterprise initiatives to modernize the firm's cryptographic infrastructure and services.

Drive Programs Focused On

• Cryptographic inventory and visibility
• Legacy algorithm remediation
• Deprecation of weak cryptographic standards
• Secure migration strategies
• Cryptographic agility
• Automated cryptographic lifecycle management

Develop a roadmap that reduces operational complexity while improving security resilience across all environments.

Partner with engineering teams to ensure cryptographic controls remain scalable, performant, and developer-friendly.

Key Management & Secrets Management

Establish and operate enterprise-class key management services supporting the firm's most critical systems and data.

Lead Strategy And Execution Across

• Enterprise Key Management Systems (KMS)
• Hardware Security Modules (HSM)
• Secrets vaults
• Machine identity management
• Certificate lifecycle management
• Service-to-service authentication

Drive Adoption Of Automated Key Lifecycle Capabilities, Including

• Automated provisioning
• Automated rotation
• Revocation
• Expiration management
• Recovery procedures

Reduce operational risk through consistent, centralized, and automated cryptographic controls.

Cloud & Platform Security Enablement

Partner with Cloud Engineering, Infrastructure, and Application teams to embed cryptographic controls into enterprise platforms.

Establish Secure-by-default Cryptographic Services That Support

• Multi-cloud environments
• SaaS platforms
• Containerized workloads
• Kubernetes environments
• Modern application architectures
• Data platforms
• AI and machine learning environments

Enable engineering teams through reusable services, APIs, automation, and paved-road security patterns.

Machine Identity & Certificate Security

Develop and modernize the firm's machine identity strategy.

Lead Efforts To Secure And Manage

• Certificates
• APIs
• Service accounts
• Workload identities
• Non-human identities
• Infrastructure identities

Improve visibility and governance across machine identity ecosystems while reducing risks associated with expired, misconfigured, or unmanaged credentials.

Drive automation to eliminate manual certificate and identity management processes wherever possible.

Post-Quantum Cryptography Readiness

Lead the firm's post-quantum cryptography strategy.

Develop Capabilities To

• Inventory cryptographic dependencies
• Assess quantum risk exposure
• Prioritize remediation effortsEstablish migration roadmaps
• Implement cryptographic agility standards

Partner with Enterprise Architecture and Technology leadership to ensure long-term resilience against emerging cryptographic threats.

Provide executive guidance on evolving industry standards and regulatory expectations related to quantum readiness.

Risk Management & Control Governance

Establish enterprise-wide processes for assessing cryptographic risks and control effectiveness.

Drive Initiatives To

• Identify cryptographic gaps
• Evaluate implementation quality
• Assess key management maturity
• Measure cryptographic coverage
• Prioritize remediation by risk

Develop governance mechanisms that ensure adherence to enterprise cryptographic standards across all technology domains.

Regulatory & Audit Engagement

Ensure cryptographic controls align with regulatory, client, and industry expectations.

Support Compliance With Frameworks Including

• FFIEC
• NIST
• ISO 27001
• PCI DSS
• NYDFS
• GDPR
• SEC requirements

Serve as the senior cryptography subject matter expert during regulatory examinations, internal audits, client assessments, and control reviews.

Provide clear and defensible narratives regarding cryptographic controls, key management practices, and risk mitigation strategies.

Executive Leadership & Stakeholder Engagement

Serve as a trusted advisor to the CISO, CIO, CTO, Chief Data Officer, and senior technology leadership.

Translate highly technical cryptographic concepts into practical business decisions and investment priorities.

Influence enterprise architecture, platform strategy, cloud adoption, and modernization efforts through cryptographic expertise.

Build strong partnerships across Security, Technology, Infrastructure, Data, Risk, and Compliance organizations.

Team Leadership & Development

Build And Lead a World-class Cryptography Organization Responsible For

• Cryptography Engineering
• Key Management Services
• Secrets Management
• PKI Operations
• Machine Identity Security
• Cryptographic Modernization
• Post-Quantum Readiness

Develop technical talent and create a culture focused on engineering excellence, automation, innovation, and operational resilience.

Act as the firm's senior cryptographic authority and mentor for engineering and security leaders.

What We Value

These skills will help you succeed in this role.

• 15+ years of experience in cybersecurity, cryptography, security engineering, or infrastructure security leadership roles.
• Demonstrated success leading enterprise cryptography or key management programs within large, highly regulated organizations.
• Deep expertise in:
• Applied cryptography
• PKI
• Key management
• HSM technologies
• Secrets management
• Certificate lifecycle management
• Cloud security architectures
• Experience designing cryptographic controls across cloud-native, hybrid, and distributed environments.
• Strong understanding of post-quantum cryptography strategies and emerging cryptographic standards.
• Proven track record leading large-scale modernization and transformation initiatives.
• Experience engaging with executive leadership, regulators, auditors, and major clients.

Additional Requirements

• Recognized industry expert in cryptography and cryptographic security services.
• Strong technical depth combined with executive-level communication skills.
• Strategic thinker capable of balancing innovation, resilience, and operational effectiveness.
• Passion for automation, simplification, and engineering excellence.
• Strong understanding of cloud, identity, infrastructure, and modern application architectures.
• Ability to influence enterprise-wide technology decisions.
• Risk-focused mindset with strong governance and control discipline.
• Trusted leader with a track record of building and scaling high-performing technical organizations.

Education & Preferred Qualifications

• Bachelor's degree in Computer Science, Engineering, Information Security, Mathematics, or related discipline.
• Advanced degree preferred.
• Relevant certifications such as CISSP, CCSP, CISM, GCFA, or specialized cryptography/security certifications are highly desirable.

What We Offer

• Opportunity to lead cryptographic strategy and modernization for a global systemically important financial institution.
• Executive-level influence over cloud, AI, platform, and infrastructure transformation initiatives.
• Ability to shape the firm's future cryptographic and post-quantum security posture.
• Competitive compensation and comprehensive benefits.
• Collaborative culture focused on innovation, trust, resilience, and engineering excellence.

Salary Range

$175,000 - $287,500 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.

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Job ID: R-796047