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Managing Principal - Banking Transformation

Capco

Company websitecapco.com (Capco, opens in new tab)

Base salary $212K  to $236K

Employer-published annual base salary, USD. Advertised base range in New York, NY

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  • LocationNew York, NY
  • WorkplaceWorkplace not stated
  • Status at last checkSource accepting applications when checked
  • Last checked (2 h ago) · observed since

About this job

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

#LI-JC1

US Pay Range

$212,000—$236,000 USD

Source: Capco on Greenhouse · View original posting (opens in new tab)

Pay in context

This role's base floor ($212,000) is above 94% of the 322 Program & Project Management roles in New York listed on this site. Their median floor is $140,000; the middle half runs from $117,444 to $166,000.

Only jobs on this site count, and each one publishes a base salary of $100,000 or more, so this compares six-figure jobs with each other, not with the whole market. Computed Nov 7, 2026.

This range next to 2 other live Capco roles with the nearest advertised base floor
Chart as a table
This range next to 2 other live Capco roles with the nearest advertised base floor
RolePublished base
Managing Principal - Banking Transformation (this listing)$212K - $236K
Managing Principal, Cybersecurity and AI$198K - $248K
AI Technical Architect$146K - $183K

Same $100K to $400K scale as every card. All Capco roles · How to read the bar

Observed changes

  1. First observed on the employer's board
  2. Began meeting the published-salary criteria
Observed since
Employer-stated posting date
2026-11-02
Where this pay comes from

Location as the employer wrote it: US - New York

$212,000—$236,000 USD

Method
Employer text, read with fixed rules and re-verified
Checked
Rule set
us-base-v2

The pay passage appears in the employer's own job text. Fixed, deterministic rules located it, and the passage below was checked against the stored copy of the posting.

What we verified

  • The pay figures come from the employer's own listing, quoted exactly above.
  • The pay is an annual base salary in US dollars with a minimum of at least $100,000.
  • The role was publicly listed on the employer's job board when last checked.

We do not verify what the employer will actually offer, whether the employer is still recruiting for the role, or anything beyond what the employer published. Full methodology.

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