Senior Engineering Mainframe Manager – Custody

State Street; Quincy (MA); On-site; USD 120,000 - 217,500; Full time

Job summary

State Street in North Quincy, MA, seeks an experienced Software Engineering Manager to lead teams responsible for core custody platforms, blending people leadership with technical stewardship across mainframe and cloud environments.

You will drive end-to-end delivery, mentor engineers, enforce security and compliance, and partner with product, operations, and risk teams to balance quality, performance, and cost.

Qualifications

• Proven technology leadership experience supporting custody platforms, securities processing, or post-trade systems.
• Strong expertise across mainframe technologies (z/OS, COBOL, JCL, Db2) and distributed/open systems ecosystems (Java, Linux, middleware).
• Deep understanding of database design and data engineering, including Db2, Oracle, and cloud-based data platforms.
• Proven ability to architect and integrate hybrid environments (mainframe + cloud + distributed systems).
• Strong leadership, communication, and stakeholder-management skills, with the ability to influence across global organizations.
• Excellent critical thinking, problem-solving, and decision-making capabilities in complex environments.
• Demonstrated success building, mentoring, and leading high-performing engineering teams.
• Ability to balance hands-on technical depth with people leadership and strategic execution.
• Experience delivering large, complex, global technology programs.
• Hands-on experience with AI, ML, and Agentic AI in enterprise environments; familiarity with mainframe technologies and integration patterns preferred.

Responsibilities

• Drive end-to-end delivery across solution design, development, testing, production release, and support for the global custody platform.
• Own custody platform initiatives, ensuring delivery meets quality, resiliency, scalability, timeliness, and cost expectations.
• Partner with product, business, custody operations, architecture, infrastructure, risk, and vendor teams to translate requirements into technical solutions.
• Provide technical leadership across architecture, system design, and code quality, including design and code reviews.
• Embed and continuously improve Agile delivery practices, including backlog management, sprint execution, and release planning.
• Proactively manage delivery risks, technical debt, project issues, and budget constraints, with mitigation strategies.
• Ensure solutions meet security, compliance, and operational readiness standards for mission-critical custody platforms.
• Lead, coach, and develop software engineering teams, fostering engineering excellence and accountability.
• Provide technical leadership across hybrid architectures (mainframe, open systems, cloud-native).
• Drive end-to-end solution design spanning mainframe apps, distributed systems, and cloud services (AWS/Azure).
• Ensure robust data architecture and engineering practices across Db2, Oracle, and relational databases.
• Lead modernization initiatives, including mainframe-to-cloud integration and API enablement.
• Oversee design and engineering standards for scalability, performance, and high availability.
• Guide teams on secure coding, data integrity, and compliance across legacy and cloud environments.
• Provide escalation leadership during production incidents and major releases.
• Drive automation and straight-through processing, including AI to improve exception handling and reconciliation.

Skills

Technology leadership

Mainframe expertise

Distributed systems & cloud

Agile delivery

Data architecture

Stakeholder management

Mentoring & coaching

Security & compliance

Education

Bachelor's degree in CS/Engineering/Finance

10+ years technology/program management

6+ years Agile experience

Custody platforms/post-trade knowledge

Vendor engagement & management

Global teams leadership

Tools

z/OS

COBOL

JCL

Db2

Oracle

Java

Linux

AWS/Azure

Job description

Who we are looking for

We are seeking an experienced Software Engineering Manager to lead engineering teams responsible for the design, development, and delivery of core custody and securities processing platforms. This role blends people leadership, technical stewardship, and delivery accountability within a complex, highly regulated financial services environment.

What you will be responsible for

As the Software Engineering Manager – Custody Platforms:

• Drive end‑to‑end delivery across solution design, development, testing, production release, and support for the global custody platform

• Own custody platform initiatives, ensuring delivery meets expectations for quality, resiliency, scalability, timeliness, and cost

• Partner with product, business, custody operations, architecture, infrastructure, risk, and vendor teams to translate requirements into well‑designed technical solutions

• Provide technical leadership and oversight across architecture, system design, and code quality, including design and code reviews

• Embed and continuously improve Agile delivery practices, including backlog management, sprint execution, and release planning

• Proactively manage delivery risks, technical debt, project issues, and budget constraints, clearly communicating impacts and mitigation strategies

• Ensure solutions meet required security, compliance, and operational readiness standards for mission‑critical custody platforms

• Lead, coach, and develop software engineering teams, fostering a culture of engineering excellence, accountability, and continuous improvement

• Provide technical leadership across hybrid architecture environments, including mainframe (z/OS), open systems, and cloud‑native platforms

• Drive end‑to‑end solution design spanning mainframe applications, distributed systems, and cloud‑based services (AWS/Azure)

• Ensure robust data architecture and engineering practices, including design and optimization of Db2, Oracle, and relational database platforms

• Lead modernization initiatives, including mainframe‑to‑cloud integration, API enablement, and event‑driven architectures

• Oversee system design and engineering standards covering scalability, performance tuning, high availability, and resiliency across platforms

• Guide teams on secure coding, data integrity, and compliance standards across legacy and cloud environments

• Provide escalation leadership during production incidents and major releases, ensuring rapid issue resolution and stakeholder communication

• Drive increased automation and straight‑through processing, including use of AI and Agentic AI to improve exception management, reconciliation, and operational efficiency

What we value

These skills will help you succeed in this role:

• Proven technology leadership experience supporting custody platforms, securities processing, or post‑trade systems (e.g., settlements, asset servicing, corporate actions)

• Strong expertise across mainframe technologies (z/OS, COBOL, JCL, Db2) and distributed/open systems ecosystems (Java, Linux, middleware)

• Deep understanding of database design and data engineering, including Db2, Oracle, and cloud‑based data platforms

• Proven ability to architect and integrate hybrid environments (mainframe + cloud + distributed systems)

• Strong technical grounding in systems design, data models, and enterprise integration patterns

• Experience driving modernization and migration strategies, including mainframe optimization and cloud transformation

• Strong leadership, communication, and stakeholder‑management skills, with the ability to influence across global organizations

• Excellent critical thinking, problem‑solving, and decision‑making capabilities in complex environments

• Demonstrated success building, mentoring, and leading high‑performing engineering teams

• Ability to balance hands‑on technical depth with people leadership and strategic execution

• Experience delivering large, complex, global technology programs

• Hands‑on experience with AI, machine learning, and Agentic AI in enterprise environments; familiarity with mainframe technologies and integration patterns preferred

Education & Preferred Qualifications

• Bachelor’s degree in Computer Science, Engineering, Finance, or a related field.

• 10+ years of experience in technology or program management roles within financial services.

• 6+ years of experience working in an Agile ecosystem.

• Strong experience with custody platforms, securities processing, or post‑trade systems (e.g., settlements, asset servicing, corporate actions)

• Experience with vendor engagement and management

• Experience leading globally distributed teams

Work Arrangement: North Quincy, MA 4 days onsite

Salary Range:

$120,000 - $217,500 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.

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.