Managing Principal - Banking Transformation

Capco•New York, NY

4d•$212,000 - $236,000

About The Position

Capco is hiring a Managing Principal to help lead and grow its Banking & Payments practice, with a focus on large-scale banking transformations, technology migrations, and complex change programs. The role partners with financial institutions to modernize banking platforms, migrate critical systems, and deliver strategic initiatives with measurable business outcomes. This senior consulting leadership position combines banking industry knowledge, program delivery expertise, and stakeholder management. The focus is on leading transformation rather than hands-on technical implementation. The Managing Principal will strengthen client relationships, identify commercial opportunities, and guide multidisciplinary teams through complex transformation journeys.

Requirements

10+ years of experience in consulting and financial services, with a track record of delivering complex banking transformations and strategic initiatives.
Experience overseeing large-scale banking modernization programs, platform replacements, system migrations, and legacy technology transformations.
Ability to manage complex programs, including governance, budgets, risks, vendors, and delivery milestones.
Good knowledge of banking operations and technology, with the ability to connect business needs with technology delivery.
Experience engaging senior executives, managing client relationships, and contributing to go-to-market strategies, business development, and new consulting opportunities.

Nice To Haves

Experience delivering core banking modernization, payments transformation, digital banking migration, or enterprise-wide banking platform replacement programs.
Familiarity with banking migration approaches, including phased migrations, parallel runs, data conversion, cutover planning, and post-migration stabilization.
Experience working with major banking technology vendors, systems integrators, and third-party delivery partners.
Knowledge of Agile, Waterfall, and hybrid program delivery methodologies, including adapting delivery approaches to complex banking environments.
Experience supporting business development, developing client propositions, and expanding consulting relationships within major financial institutions.

Responsibilities

Provide strategic direction and end-to-end delivery oversight for banking modernization, platform replacement, and technology migration programs, aligning work with business objectives and measurable outcomes.
Guide planning and execution of large-scale banking system and data migrations, including migration strategy, operational readiness, testing coordination, cutover planning, and transition to business-as-usual operations.
Work with senior business, operations, and technology stakeholders to translate strategic objectives into transformation roadmaps and coordinate delivery teams, technology partners, and third-party vendors.
Establish program governance; manage dependencies, delivery risks, budgets, and milestones; and provide executive reporting.
Build trusted relationships with senior banking executives, identify business opportunities, contribute to commercial proposals, and develop high-performing consulting teams.
Contribute to go-to-market strategies, business development, and new consulting opportunities.