Principal Business Solution Architect - VP

$140,000 - $222,500/Yr

State Street Corporation - Boston, MA

Full-time - Principal

Remote - Boston, MA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Principal Business Solution Architect will align the bank's business and technology strategies, drive architectural governance, and guide vendor selection and technology integration. This role involves collaborating with multiple application development teams to create and maintain roadmaps for rationalizing business processes across various divisions, ensuring they are supported by an optimized suite of vendor and custom-built applications. The position can be performed in a hybrid model, allowing for a balance between remote and office work.

Responsibilities

• 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.

Requirements

• 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.
• 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.

Benefits

• Generous medical care, insurance and savings plans.
• Flexible Work Programs to help match personal needs.
• Development programs and educational support to reach full potential.