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Principal, Business Consulting - Modernization

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Infosys Consulting
Full Time position
Listed on 2026-02-24
Job specializations:
  • IT/Tech
    Cybersecurity, Data Security
Salary/Wage Range or Industry Benchmark: 168000 - 234000 USD Yearly USD 168000.00 234000.00 YEAR
Job Description & How to Apply Below
Position: Principal, Business Consulting - Payments Modernization

Infosys Consulting’s Financial Services practice is seeking a seasoned Program Manager to lead a strategic Payments Modernization initiative focused on High-Value Payments (HVP) for a Tier-1 financial institution. This is a high-impact role involving the replacement of legacy systems with a COTS product, and the forward engineering of a rail-agnostic capabilities on an microservices platform with suitable agentic AI interventions that supports future-ready payment flows.

The ideal candidate will bring deep domain expertise in high-value payments, strong program leadership experience, and a proven track record of delivering complex transformation programs in regulated environments.

Key Responsibilities
  • Lead end-to-end delivery of the Payments Modernization program, ensuring alignment with business goals and regulatory requirements.
  • Drive the legacy platform replacement with a scalable, secure, and compliant COTS solution.
  • Architect and oversee the development of a rail-agnostic payment capability that supports SWIFT, RTP, ISO 20022, and emerging rails.
  • Collaborate with cross-functional teams including product, engineering, compliance, and client stakeholders.
  • Manage program governance, risk mitigation, and stakeholder communication across multiple geographies.
  • Ensure seamless integration with existing infrastructure and future-proofing of payment capabilities.
  • Track KPIs, manage budgets, and ensure timely delivery with high quality.
Required Qualifications
  • 7+ years of experience in payments domain, with at least 5 years in program management roles.
  • Strong understanding of High-Value Payments, ISO 20022, SWIFT, Fedwire, and CHIPS.
  • Experience with COTS product implementations in financial services (e.g., FIS, Finastra, Volante, ACI).
  • Proven ability to lead large-scale transformation programs in complex environments.
  • Excellent stakeholder management and communication skills.
  • Familiarity with rail-agnostic architecture principles and modern payment ecosystems.
  • PMP or equivalent certification preferred.
  • 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 Attributes
  • Experience working with North American banks or securities firms.
  • Exposure to cloud-native payment platforms and API-led modernization.
  • Ability to operate in a fast-paced, high-growth environment with minimal supervision.

The estimated total annual compensation (Base + Bonus) range for candidates based out on NJ, IL, NY, CA & WA will be $168,000 to $234,000

EEO/About Us

Along with competitive pay, as a full-time Infosys employee you are also eligible for the following benefits:

  • 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
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