Principal Business Analyst / Project Manager
Location: Hong Kong | Practice Area: Capital Markets | Type: Permanent
Lead complex transformation, connect business and technology, and deliver meaningful change across Capital Markets.
The Role
At Capco, we are looking for an experienced Principal Business Analyst / Project Manager to lead a significant application replacement programme within Corporate & Institutional Banking (CIB).
This role combines project leadership, detailed business and data analysis, and stakeholder engagement. You will lead a team of Business Analysts, oversee the replacement of legacy applications, and ensure that business requirements, technical solutions, and project delivery remain aligned.
Working closely with senior business leaders, technology teams, and delivery stakeholders, you will translate complex data and legacy technology into clear business insights, actionable requirements, and practical solutions.
What You’ll Do
- Lead Project Delivery: Own the planning, execution, governance, and change management of a C&IB application replacement project, ensuring effective coordination of deliverables, risks, dependencies, and stakeholders.
- Manage and Develop Business Analysts: Lead a team of Business Analysts, providing direction, coaching, and quality oversight while remaining actively involved in detailed analysis and problem-solving.
- Drive Detailed Data and Systems Analysis: Investigate complex data structures, legacy applications, and system behaviours, translating technical findings into meaningful business requirements and operational insights.
- Bridge Business and Technology: Map business processes, assess application architecture, and facilitate communication between business stakeholders, technical teams, and solution architects to support effective decision-making.
- Engage Senior Stakeholders: Build trusted relationships with Heads of Department and senior stakeholders, communicating project progress, risks, recommendations, and change impacts clearly and effectively.
What We’re Looking For
- Business Analysis and Project Management Expertise: Extensive experience delivering complex technology transformation or application replacement projects, ideally within Corporate & Investment Banking or Capital Markets.
- Analytical and Technical Understanding: Strong capabilities in detailed data analysis, legacy system investigation, software architecture, and translating technical complexity into practical business outcomes.
- Leadership and Delivery Management: Demonstrated experience leading Business Analysts and managing project planning, execution, governance, risks, and organisational change.
- Stakeholder Engagement and Communication: Ability to engage Heads of Department and senior business and technology stakeholders, facilitate discussions, and communicate complex findings in clear, accessible language.
- Communication and International Collaboration: Fluent English communication skills, with the flexibility to travel internationally as required for project delivery.
Bonus Points For
- Experience delivering large-scale application replacement, legacy modernisation, or platform migration programmes within CIB.
- Familiarity with Capital Markets products, particularly funds, preferred.
- Experience working with complex data models, system integrations, and enterprise application architectures.
- Knowledge of data migration, reconciliation, testing, and business readiness activities.
- Experience coordinating cross-functional teams and stakeholders across international locations.
Why Join Capco
- Deliver high-impact technology solutions for Tier 1 financial institutions.
- Work in a collaborative, flat, and entrepreneurial consulting culture.
- Access continuous learning, training, and industry certifications.
- Be part of a team shaping the future of digital financial services.
- Help shape the future of digital transformation across financial services and energy.
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.
Skills Required
- Extensive experience delivering complex technology transformation or application replacement projects, ideally within Corporate and Investment Banking or Capital Markets.
- Strong capabilities in detailed data analysis, legacy system investigation, software architecture, and translating technical complexity into practical business outcomes.
- Experience leading Business Analysts and managing project planning, execution, governance, risks, and organisational change.
- Ability to engage senior business and technology stakeholders, facilitate discussions, and communicate complex findings clearly.
- Fluent English communication skills.
- Flexibility to travel internationally as required for project delivery.
- Experience delivering large-scale application replacement, legacy modernisation, or platform migration programmes within Corporate and Institutional Banking.
- Familiarity with Capital Markets products, particularly funds.
- Experience working with complex data models, system integrations, and enterprise application architectures.
- Knowledge of data migration, reconciliation, testing, and business readiness activities.
- Experience coordinating cross-functional teams and stakeholders across international locations.
What the Team is Saying
Capco Compensation & Benefits Highlights
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Healthcare Strength — Health coverage is considered strong, with medical, dental, and vision commonly provided alongside mental-health resources and wellbeing programs. Multiple plan options and generally good coverage quality are highlighted.
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Leave & Time Off Breadth — Vacation/PTO is a standout, with generous allotments and, in some cases, unlimited sick leave, plus programs intended to help employees recharge. Flexible work arrangements are also emphasized, supporting work-life balance.
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Retirement Support — Retirement offerings include a 401(k) with company matching in the U.S., alongside life and disability insurance in many regions. These elements round out a solid financial benefits package.
Capco Insights
What We Do
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the energy and financial services industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. TRUSTED ADVISORS - Our collaborative and entrepreneurial approach position us as trusted long-term partners to our clients. DEEP EXPERTISE - Clients look to us for clear guidance, proven expertise, and the support they need to set their companies up for success. DISRUPTIVE SOLUTIONS- We do not provide off -the-shelf answers to clients’ challenges. Instead, we work in close collaboration to understand the issues, and craft disruptive, bespoke solutions. ACCOUNTABILITY AND OWNERSHIP - We recognize every client has distinct needs and expectations, and we take ownership and accountability for the solutions we design, build, and deliver.
Why Work With Us
We support and encourage an inclusive culture, entrepreneurial outlook and independent thinking. Capco is not about organizational charts and rigid hierarchies – we want all employees to feel that Capco is their firm to own and run. We believe diversity powers innovation. Be Yourself At Work (#BYAW) is an integral and underlying part of our culture
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Capco Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
