Principal, Business Consulting - Core Banking

Infosys Limited; New Jersey; On-site; USD 154,375 - 193,125; Full time

Benefits offered by this job

Medical/Dental/Vision Insurance

401(k) plan

Paid Time Off

Job summary

A prominent consulting firm in New Jersey seeks a Principal in Business Consulting specializing in Core Banking. In this role, you will lead teams in executing strategic programs with top Fortune 500 financial institutions and advise on banking innovations. The ideal candidate will have extensive management consulting experience, strong leadership skills, and must be authorized to work in the US without sponsorship. Competitive compensation and comprehensive benefits are offered.

Qualifications

• 7+ years of relevant experience with at least 5 years in management consulting at a top-tier firm.
• Ability to travel as needed (typically up to 4 days/week) to client locations.
• Candidates must be authorized to work for any employer in the United States without employer-based visa sponsorship.

Responsibilities

• Lead the design and delivery of client advisory and organizational transformation engagements.
• Advise clients on strategy and develop recommendations for re-engineering.
• Collaborate with clients to define long-term vision, goals and strategies.

Skills

Management consulting experience

Team leadership

Business development

Understanding of banking operations

Cross-cultural team experience

Education

Bachelor’s degree or foreign equivalent

MBA or equivalent advanced degree

Job description

Principal, Business Consulting – Core Banking

Company: Infosys

Domain: Consulting

Infosys is a leader in advisory services for many of the world’s best-known names in Financial Services. We combine innovative and human‑centric approaches with the latest technological breakthroughs to help large organizations drive complex change agendas.

Our dynamic culture encourages entrepreneurs and innovators, providing a platform for developing tomorrow’s leaders through continual commitment to diversity, equity, and inclusion.

The Role

As a Principal, you lead teams executing strategic programs that address complex, industry‑specific challenges, and deepen your expertise in the banking domain. You work directly with senior business and technology leaders in banking, partnering with top Fortune 500 financial institutions to envision new products, define blueprints, modernize infrastructure, monetize data, and drive innovation.

Responsibilities

• Lead the design and delivery of client advisory, solution delivery and organizational transformation engagements in standalone projects or as part of wider client programs
• Advise clients on strategy and detailed use cases by leveraging insights from industry best practices
• Lead and manage a team of consultants to develop concise and practical strategies, roadmap and/or re‑engineering program recommendations with a clear implementation path
• Oversee the formulation of hypothesis / client problem statement, identification, analysis, and interrogation of related data and synthesize the key outcomes and resulting recommendations
• Collaborate with clients to define long‑term vision, goals and strategies, help identify and design downstream product, operational and technology initiatives
• Direct teams of global consulting, IT professionals & subject matter experts in establishing comprehensive business and functional requirements, then translating those requirements into actionable project initiatives with associated metrics
• Provide insights on new and emerging best practices in Banking and contribute to the development of service offerings
• Coach and develop junior team members to deliver quality results and promote professional development
• Lead small, medium‑sized sales pursuits and business development activities ranging from creation of client proposals to formulating commercial constructs / contracts

Basic Qualifications

• Bachelor’s degree or foreign equivalent required
• 7+ years of relevant experience with at least 5 years of management consulting experience at a top‑tier consulting firm
• Strong background of leading teams, comprising both client stakeholders, operations, business, and technology specialists
• Successful business development history including exposure to each of the various aspects of a typical sales cycle.
• Ability to travel as needed (typically up to 4 days/week) to client locations.
• Ability to work as part of a cross‑cultural team, including flexibility to support multiple time zones when necessary.
• Candidates authorized to work for any employer in the United States without employer‑based visa sponsorship are welcome to apply. Infosys is unable to provide immigration sponsorship for this role at this time.

Preferred Qualifications

• MBA or equivalent advanced degree
• 5-7 years of experience working in Core Banking at banks or finance technology firms in one or more market segments – consumer and small business, middle market, and large enterprise
• Excellent business understanding of retail / commercial banking / credit card functions to help transform client operations
• Hands‑on experience in Technology or Operations with one or more leading Core Banking platform and/or experience developing or managing related business products and services.
• Good depth of knowledge in multiple areas of Core Banking such as Core Modernization, IT rationalization/re‑engineering, digital channels and experience, process optimization, business operations, and product management.

Compensation

Estimated annual total compensation (base + bonus) range for candidates based in CA, IL, NJ, WA, and NY is $154,375 to $193,125.

Benefits

• Medical/Dental/Vision/Life Insurance
• Long‑term/Short‑term Disability
• Health and Dependent Care Reimbursement Accounts
• Insurance (Accident, Critical Illness, Hospital Indemnity, Legal)
• 401(k) plan and contributions dependent on salary level
• Paid holidays plus Paid Time Off

EEO

Infosys provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability.