Managing Principal - Banking Transformation

Capco; New York (NY); Hybrid; USD 212,000 - 236,000; Full time

Benefits offered by this job

Healthcare Coverage

Retirement Planning

Family-Friendly Support

Learning & Development

Wellness Support

Financial Flexibility

Commuter Benefits

Working Advantage discounts

Job summary

Capco is seeking a Managing Principal to lead our Banking Transformation & Migration practice in New York City or Charlotte. You will guide large-scale banking transformations, technology migrations, and complex change programs, collaborating with leading financial institutions to modernize platforms and deliver strategic transformation initiatives with measurable outcomes.

This senior leadership role blends banking industry knowledge, program delivery excellence, and stakeholder management,

Qualifications

• 10+ years of consulting and financial services experience.
• Experience overseeing large-scale banking modernization and migrations.
• Ability to manage complex programs with governance, budgets, risks, and milestones.
• Knowledge of banking operations and technology.
• Experience engaging senior executives and contributing to go-to-market strategies.

Responsibilities

• Lead large-scale banking transformations with end-to-end delivery oversight.
• Oversee complex migration programs including strategy, readiness, testing, cutover, and transition.
• Translate strategic objectives into transformation roadmaps across delivery teams.
• Establish program governance, manage dependencies and risks, report to executives.
• Grow client relationships and contribute to proposals and consulting capability building.

Skills

Banking transformations

Program delivery

Strategic leadership

Stakeholder management

Commercial leadership

Job description

Managing Principal – Banking Transformation & Migration

Location: New York City / Charlotte | Practice Area: Banking & Payments | Type: Permanent

Lead complex banking transformations. Navigate large-scale technology migrations. Help shape the future of banking through strategic leadership and exceptional program delivery.

The Role

At Capco, we're looking for an experienced Managing Principal to help lead and grow our Banking & Payments practice, with a particular focus on large-scale banking transformations, technology migrations, and complex change programs.

You'll work with leading financial institutions to navigate significant business and technology change, helping clients modernize their banking platforms, migrate critical systems, and deliver strategic transformation initiatives that achieve measurable business outcomes.

This is a senior consulting leadership role that combines banking industry knowledge, program delivery expertise, and strong stakeholder management. While an understanding of banking technology and systems is important, the focus is on leading transformation rather than hands-on technical implementation.

You’ll play a key role in strengthening client relationships, identifying commercial opportunities, and guiding multidisciplinary teams through complex transformation journeys.

What You’ll Do

• Lead large-scale banking transformations: Provide strategic direction and end-to-end delivery oversight for complex banking modernization, platform replacement, and technology migration programs, ensuring alignment with business objectives and measurable outcomes.
• Oversee complex migration programs: Guide the 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.
• Connect business and technology: Work closely with senior business, operations, and technology stakeholders to translate strategic objectives into achievable transformation roadmaps, ensuring effective coordination across delivery teams, technology partners, and third-party vendors.
• Manage delivery, governance, and risk: Establish effective program governance, manage dependencies and delivery risks, oversee budgets and milestones, and provide clear executive reporting to support informed decision-making throughout the transformation lifecycle.
• Grow client relationships and consulting capabilities: Build trusted relationships with senior banking executives, identify new business opportunities, contribute to commercial proposals, and develop high-performing consulting teams that deliver meaningful client outcomes.

What We’re Looking For

• Consulting & Financial Services Experience: 10+ years of experience in consulting and financial services, with a track record of delivering complex banking transformations and strategic initiatives.
• Banking Transformation & Migration Expertise: Experience overseeing large-scale banking modernization programs, platform replacements, system migrations, and legacy technology transformations.
• Program Delivery: Ability to manage complex programs, including governance, budgets, risks, vendors, and delivery milestones.
• Business & Technology Understanding: Good knowledge of banking operations and technology, with the ability to connect business needs with technology delivery.
• Stakeholder & Commercial Leadership: Experience engaging senior executives, managing client relationships, and contributing to go-to-market strategies, business development, and new consulting opportunities.

Bonus Points For

• 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 experience adapting delivery approaches to complex banking environments.
• Experience supporting business development, developing client propositions, and expanding consulting relationships within major financial institutions.

Why Join Capco

• Deliver high-impact technology and business transformation solutions for leading financial institutions.
• Work in a collaborative, flat, and entrepreneurial consulting culture.
• Access continuous learning, professional development, and industry certifications.
• Be part of a team shaping the future of digital financial services.
• Help shape the future of banking transformation across our Banking & Payments practice.

Benefits

We offer a competitive, people-first benefits package designed to support every aspect of your life:

• Healthcare Coverage: Medical, dental, and vision benefits.
• Retirement Planning: 401(k) matching contributions.
• Family-Friendly Support: Maternity and paternity leave, alongside dependent care benefits.
• Learning & Development: Tuition reimbursement to support your continued professional growth.
• Wellness Support: Wellness reimbursement.
• Financial Flexibility: Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA).
• Commuter Benefits: Support for eligible commuting expenses.
• Everyday Savings: Access to Working Advantage, a discounted marketplace offering savings on products, services, and experiences.

Inclusion at Capco

We’re committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know – we’ll be happy to help.

We value each person’s unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our #BeYourselfAtWork culture encourages individuality and collaboration – a mindset that shapes how we work with clients and each other every day.

Use of Artificial Intelligence in Talent Acquisition

At Capco, we use artificial intelligence (AI) tools to support and enhance several parts of talent acquisition. This includes using AI-enabled features within LinkedIn to help source potential candidates, speeding up routine recruitment communications such as emails and creating compelling and brand-aligned job postings that accurately reflect role requirements, and AI-scheduling applications to improve the efficiency of interview coordination.

AI is used as a support tool only. All hiring decisions are made by talent acquisition and hiring teams.

Why This Role Is Open

We are currently hiring for this role due to an existing or newly created vacancy within our organization. This position is open as part of our ongoing business needs, and we are actively reviewing applications to fill this role with a qualified candidate who can make an immediate impact

US Pay Range

$212,000—$236,000 USD