Head of Engineering - Investment Accounting, MD

State Street; Burlington (MA); On-site; USD 170,000 - 282,500; Full time

Benefits offered by this job

401K retirement savings plan with company match

Comprehensive insurance coverage

Employee Assistance Program

Performance-based incentive compensation

Job summary

State Street is searching for a Head of Investment Accounting Engineering to lead the development of a cloud-native investment accounting platform. This role requires extensive experience in software engineering and investment accounting, along with expertise in modern DevOps practices.

The successful candidate will define the platform strategy and head teams across multiple engineering disciplines, ensuring compliance with banking regulations while achieving high operational efficiency and scalability.

Qualifications

• 20+ years of experience in software engineering with a focus on investment accounting.
• Proven ability to deliver large-scale finance platforms.
• Hands-on experience with modern DevOps practices, including CI/CD.
• Strong communication skills to clarify technical concepts.

Responsibilities

• Lead the design and operation of a multi-tenant investment accounting platform.
• Define platform strategy and execute long-term vision.
• Mentor and scale a multi-disciplinary engineering organization.
• Ensure platform meets banking controls and regulatory compliance.

Skills

Cloud architecture (especially Azure)

Investment accounting knowledge

Distributed computing

AI tools familiarity

DevOps practices

Financial platform experience

People leadership skills

Collaboration with enterprise teams

Education

Bachelor's degree in Engineering or Finance

Tools

Kubernetes

Snowflake

Kafka

Postgres

Job description

The Head of Investment Accounting Engineering will lead the design, development, and operation of a modern, cloud native, scalable investment accounting platform supporting multi‑asset class accounting, data management, controls, and reporting across global investment operations. This platform will operate at global, multi‑tenant scale and must support petabyte‑scale data processing, high‑throughput event handling, and strict financial correctness guarantees. This role is ideal for a seasoned engineering leader with deep expertise in cloud architecture (especially Azure), distributed computing, investment accounting capabilities, data architecture, and enterprise platform modernization within enterprise capital markets and asset servicing environments.

The ideal candidate combines strong domain knowledge in enterprise investment accounting (e.g., ABOR/IBOR, event processing, corporate actions, reconciliations, cash management), technical excellence, and strategic leadership to scale teams, processes, and build platforms that enable accuracy, scalability, transparency, and auditability. This leader owns reliability, scalability, auditability, and cost efficiency as first‑class outcomes.

Key Responsibilities

• Define and execute the long‑term vision and platform strategy for a next‑generation investment accounting product
• Lead engineering teams building accounting platform components including accounting engines, rules frameworks, event processing, reconciliation, and reporting services.
• Drive selection and adoption of technologies (e.g., Snowflake, Kafka, Postgres, Kubernetes, Redis or similar) aligned with business requirements and cloud‑native best practices.
• Leverage AI tools and vendors to drive builds and create easily maintainable systems
• Drive adoption of AI‑led engineering practices (e.g., agent‑based development, automated testing, code generation)
• Develop embedded AI capabilities within accounting workflows (e.g., reconciliation, anomaly detection, data access)
• Implement cloud‑native, event‑driven architectures enabling real‑time processing capabilities.
• Deliver against tight platform‑level SLOs/SLIs for availability, latency, and data correctness, and ensure systems are designed for resilience, fault tolerance, and deterministic processing
• Ensure platform incorporates highly automated DevOps, Implementation, Product Security and SaaS operations models
• Partner with Product and Operations to define accounting data models, SLAs, and controls.
• Lead integration across front, middle, and back‑office systems.
• Fulfill all banking controls, auditability, and regulatory compliance frameworks.
• Build, mentor, and scale a multi‑disciplinary engineering organization attracting top engineers.
• Represent engineering strategy to executive leadership, aligning with firm goals.
• Partner with Finance, FinOps, and Architecture teams to meet/exceed all budget requirements for the product

Required Qualifications

• 20+ years of software engineering experience, including 10+ years in investment accounting or financial platforms.
• Proven experience delivering large‑scale finance/accounting platforms.
• Deep knowledge of accounting processes, NAV, reconciliations, and multi‑asset support.
• Experience with cloud‑native architectures, APIs, and distributed systems.
• Hands‑on background in modern DevOps, Product Security and DataOps practices: CI/CD, container orchestration (Kubernetes), infrastructure automation, and observability.
• Hands on experience working with and implementing AI tools (LLMs, Agents, etc)
• Familiarity with security, regulatory and compliance frameworks
• Strong people‑leadership skills: team building, coaching, and creating high‑performance cultures across geographies.
• Experience partnering with multiple enterprise application teams in global settings to deliver end‑to‑end solutions.
• Experience working with Finance and Product teams to estimate, gain approval of, and meet budget / P&L targets
• Exceptional communication skills with the ability to articulate complex technical concepts to executives.

Preferred Experience

• Experience with enterprise accounting and OMS platforms such as Aladdin, Geneva, or SimCorp.
• Experience with AWS, Azure, or GCP.
• Familiarity with regulatory reporting requirements.
• Experience with large‑scale onboarding and migration programs.
• Engineering or Finance degree.

Success Indicators

• Delivery of performant, scalable, highly automated, and secure investment accounting platform.
• Delivery of MVPs across multiple sales models
• High degree of deployment and support automation
• Minimized data latency and performance.
• Full client adoption and alignment with strategic initiatives.
• High‑performing engineering team growth and retention.
• Clear roadmap execution, cost efficiency, and alignment with Product initiatives.
• Significant acceleration of delivery timelines using AI

Salary Range

$170,000 - $282,500 Annual (applicable to the primary location specified; range may differ for other locations)

Benefits

Employees are eligible to participate in a comprehensive benefits program, which includes a 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 an Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards; and, eligibility for certain tax‑advantaged savings plans.

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

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-792417