Who we are looking for

We are looking for an experienced Principal Business Solution Architect who will align the bank’s business and technology strategies, drive architectural governance, and guide vendor selection and technology integration. The Principal Business Solution Architect will be responsible for collaborating with multiple application development teams to create and maintain roadmaps for rationalizing business processes across the State Street’s Data, Markets, and Corporate systems divisions, ensuring they are supported by an optimized suite of vendor and custom-built applications. Collaborating with solution architects, business analysts, and data architects, this role ensures the architecture vision is executed efficiently. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

What you will be responsible for

As Principal Business Solution Architect you will:

• Create and maintain Data, Markets, and Corporate business platform roadmaps, balancing immediate needs with long-term goals.
• Develop a Target Operating Model (TOM) outlining the future business architecture and the steps to achieve it.
• Incorporate emerging technologies, regulatory changes, and evolving business requirements into the roadmap.
• Continuously improve technology solutions and architectural practices to support innovation.
• Implement governance frameworks to ensure consistent architectural standards and best practices.
• Oversee architecture review processes, ensuring scalability, security, and alignment with enterprise architecture.
• Collaborate with Risk, Compliance, and Audit teams to ensure all projects meet regulatory standards.
• Lead governance committees to assess architectural decisions and track alignment with strategic goals.
• Collaborate with senior leaders to ensure architecture strategies support both long-term goals and immediate business needs.
• Lead vendor selection processes and manage vendor relationships, ensuring solutions integrate seamlessly with in-house applications.
• Work with Solution Architects and Business Analysts to guide the tactical implementation of architectural projects.

What we value

These skills will help you succeed in this role

• Broad knowledge across Global Markets, Finance, Treasury, Risk, and Compliance.
• Proven experience in integrating financial and risk management systems and optimizing business processes.
• Expertise in vendor management and solution architecture for both vendor and custom applications.
• Strong understanding of architecture governance frameworks and regulatory compliance.
• Excellent leadership, communication, and stakeholder management skills.
• Ability to balance strategic vision with tactical execution in managing cross-functional teams.

Education & Preferred Qualifications

• Bachelor’s degree in computer science or a related field. Master’s degree preferred.
• 12+ years of experience in enterprise, business, or solution architecture in large financial institutions.
• Hands-on experience with Java, Python, React, JQuery, Node.JS, Spark, Spring Frameworks, Kafka, MQ, PLSQL, API, etc..
• Agile/Kanban methodology training and experience
• Proficient with planning tools MS Project, Excel, PPT

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

Why this role is important to us

Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$140,000 - $222,500 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.

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.

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