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Custody Operations Jobs in Boston, MA (NOW HIRING)

State Street

Operations Client Service, VP

Quincy, MA · On-site

$110K - $188K/yr

From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real ...

Hire Talent

Senior Client Service Representative

Boston, MA · On-site

$21 - $28.75/hr

... supporting operational processes, and helping ensure client satisfaction across fund accounting, administration, and custody services. The ideal candidate is client-focused, analytical, and ...

Northern Trust

ETF Servicing Operations

Boston, MA · Hybrid

$88K - $151K/yr

... accounting, custody operations, or related functions * Working knowledge of ETF products, primary market workflows, and the operational lifecycle across orders, baskets, and settlement

Northern Trust

ETF Servicing Operations

Boston, MA · On-site

$88K - $151K/yr

... accounting, custody operations, or related functions * Working knowledge of ETF products, primary market workflows, and the operational lifecycle across orders, baskets, and settlement

Northern Trust

ETF Servicing Operations

Boston, MA · On-site

$88K - $151K/yr

... accounting, custody operations, or related functions * Working knowledge of ETF products, primary market workflows, and the operational lifecycle across orders, baskets, and settlement

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All JobsCustody Operations JobsCustody Operations Jobs in Boston, MA

Custody Operations information

See Boston, MA salary details

$34.2K

$83.9K

$148.3K

How much do custody operations jobs pay per year?

As of Sep 2, 2026, the average yearly pay for custody operations in Boston, MA is $83,929.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,900.00 and $111,400.00 per year, depending on experience, location, and employer.

What is custody operations?

Custody operations refer to the processes and activities involved in safeguarding and managing financial assets on behalf of clients, such as institutional investors or individuals. These operations typically include the settlement of trades, safekeeping of securities, asset servicing (like collecting dividends and interest), and ensuring compliance with regulations. Custody operations professionals work at banks or specialized custodians to ensure the accuracy, security, and efficiency of these transactions. Their role is crucial in minimizing risk and providing transparency in financial markets.

What are the key skills and qualifications needed to thrive in custody operations, and why are they important?

To thrive in Custody Operations, you need strong analytical abilities, attention to detail, and a solid understanding of financial markets, often supported by a finance or business degree. Familiarity with custody platforms, reconciliation tools, SWIFT messaging, and knowledge of regulatory frameworks such as SWIFT and ISO 20022 standards are typically required. Excellent organizational skills, problem-solving abilities, and effective communication help professionals manage complex transactions and client relationships. These skills are crucial for ensuring the accurate and secure settlement of assets, compliance with regulations, and high levels of client satisfaction.

What are some common challenges faced in a custody operations role, and how can they be managed effectively?

Professionals in Custody Operations often face challenges such as managing large volumes of transactions, ensuring regulatory compliance, and coordinating with multiple internal and external stakeholders. Attention to detail and strong organizational skills are essential, as errors can have significant financial and reputational impacts. Effective communication and a proactive approach to problem-solving help manage these challenges, while familiarity with evolving regulations ensures accuracy and compliance. Many teams use technology-driven solutions and regular training to streamline processes and minimize risks.

What is the difference between Custody Operations vs Custody Settlement?

AspectCustody OperationsCustody Settlement
Primary FocusManaging daily custody activities, account maintenance, and client inquiriesProcessing and confirming the settlement of securities transactions
Required CredentialsTypically requires securities or finance certifications, such as CFA or equivalentSimilar credentials, often including certifications in securities operations or settlement processes
Work EnvironmentOffice-based, involving coordination with clients, banks, and internal teamsOffice-based, focused on transaction processing and reconciliation
Industry UsageCommonly used in banking, asset management, and custodial firmsPrimarily in securities firms, banks, and clearinghouses

Custody Operations involves managing ongoing custody accounts and client services, while Custody Settlement focuses on the accurate and timely settlement of securities transactions. Both roles require similar skills and certifications but differ in daily responsibilities and focus areas.

What does a custody operations specialist do?

A custody operations specialist manages the processing and settlement of securities transactions, ensuring accurate and timely transfer of assets between parties. They handle account reconciliations, maintain compliance with regulations, and often use specialized custody or settlement software to perform their duties efficiently.

What are popular job titles related to Custody Operations jobs in Boston, MA?

For Custody Operations jobs in Boston, MA, the most frequently searched job titles are:

What job categories do people searching Custody Operations jobs in Boston, MA look for?

The top searched job categories for Custody Operations jobs in Boston, MA are:

Custody Operations jobs near you
Infographic showing various Custody Operations job openings in Boston, MA as of August 2026, with employment types broken down into 83% Full Time, 13% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $83,929 per year, or $40.4 per hour.

Digital Custody Strategy & Execution Lead, Vice President

State Street

Quincy, MA • Hybrid

$110K - $181K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago

Job description

Who we are looking for

A Digital Custody Strategy & Execution Lead, VP for State Street's recently launched Digital Division who has a strong understanding of both traditional assets and digital assets operations coupled with large institutional experience. The Digital Custody Operations team is responsible for assisting in the design and/or execution of the operational model for our for sub-custody and self-custody within Global Delivery teams as part of the delivering the enterprise strategy for State Street Digital. This is an exciting opportunity for an agile and dedicated manager looking to take on a leading role in building the future digital infrastructure of financial markets from the ground up.

You will report directly into the Head of Digital Custody Operations and work closely with our dedicated Digital teams in Product Development, IT, Business, Governance & Controls, Risk and Compliance plus our State Street Global Delivery and Sales teams to effectively service our Institutional client base. In addition, you will be involved in engaging with State Street Digital's external partners and vendors, from early on in the product development cycle right through to testing, delivery into operations of our new client services in approved jurisdictions.

This unique role requires knowledge of traditional investment services business operations - particularly in the areas of custody, payments, trading, securities servicing and process, compliance and process documentation - as well as a broad understanding of next generation technologies, including distributed ledger technologies (Blockchain), digital custody, cryptocurrencies, wallet technology and tokenization. This role also requires experience with business transformation and change management to help grow nascent businesses.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Digital Custody Strategy & Execution Lead, VP you will

  • Own the overall the front-to-back management or related processes in custody for State Street Digital including reporting, change management of processes and required resources.

  • Contribute to the delivery of our enterprise strategy for the organization as a thought partner by challenging the design and implementation of related sub- and self- custody processes, procedures and other documentation required for smooth operations in production.

  • Ensure SLAs with our internal partners meet the needs required to deliver seamless day-to-day delivery of services with periodic reviews

  • Providing regular product/service updates including risk / KPI metrics to ensure full transparency and clarity of service delivery for State Street Digital Management

What we value

These skills will help you succeed in this role

  • Engage effectively with business partners to ensure risks and controls in new models are understood and appropriately managed, and to ensure that the business operates in compliance with jurisdictional regulatory requirements.

  • Constructively challenge the status quo; collaborate with State Street Digital product teams, Compliance and State Street Global Delivery SMEs as "one team" to help accelerate product development and delivery cycles

  • Experience in driving innovative products in a start-up culture (preferably within large, complex organizations)

  • Ability to work online with distributed teams

  • Process documentation and process management experience

Education & Preferred Qualifications

  • Significant experience in operations and client service for traditional and digital products for large institutions

  • Hands-on experience with digital assets and wallets / distributed ledger technology

  • Experience in change management in business transformation initiatives

  • Understanding of relevant enterprise financial technology solutions and related governance

  • Excellent presentation, communications, collaboration and influencing skills

  • Proven ability to build relationships with internal and external partners and stakeholders

  • Fluent in English - oral and written - is a must

  • Advanced degree(s) in digital (business or technical) - a nice to have

  • A can-do attitude coupled with a risk- and operational excellence mindset

Salary Range:

$110,000 - $181,250 Annual

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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.

Discover more information on jobs at StateStreet.com/careers

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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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About State Street

Sourced by ZipRecruiter

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.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

Social media

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