Infosys Consulting's Financial Services Practice is seeking a Senior Principal Payment Modernization & Transformation Management Consultant. The ideal candidate should have good knowledge of electronic payments, high-value payment systems, the modernization of mainframes, and replacing them it COTS products or custom-built microservices.
The Role - What You'll DoAs a Senior Principal, you will work on strategic programs dealing with complex, industry-specific requirements, while further deepening knowledge in your respective area of specialization. You will independently deliver high quality solutions and actively build key client relationships.
Role Description:- Manage the overall relationship of a biggest client (a large sized US Bank) across project delivery, BAU change delivery & Support.
- Key deliverables include product & customization delivery for FED ISO 20022. Managing FED certification & Other business and compliance projects related to MTS & UPF products of ACI.
- Managing Senior Management expectations of the client institution while keeping the profitability at the desired level.
- Orchestrating deliveries from internal teams and aligning to the program direction
- Collaborated closely with business & technical teams including architects to ensure clear understanding and efficient delivery of SWIFT GPI, Multi-country FI (Vostro) clearing propositions, MT101, Giftsoft integration for USA Payments and ISO 20022 payment initiation products. Mandated & drove the team towards embedding of STP in each of these initiatives ensuring efficiency and reducing operational risk.
- Implemented digital solutions including Trade Blockchain, Digital Payments, Host to Host and Internet banking Channels covering ISO 20022 cash management messages such as Pain 001, CAMT 052, 053 & 054, Mobile Banking Apps, AI/ML Driven Trade solutions & API lead innovation solutions
- Lead digital engineering teams handling Systems & technologies under Cash Management, Liquidity, Trade & Supply Chain finance, Corporate Channels, Corporate Credit Origination, Credit Administration & Customer Life Cycle Management functions
- Owned delivery of Strategic transformations and sustained smooth 'business as usual' through tactical initiatives. Adherence to Enterprise Architecture & Information security Guidelines, program governance, regulatory compliance needs, Finance frameworks etc.
- Driven Corporate banking business innovations through technology driven solutions in liaison between technology senior leadership and stakeholders for FAB UAE & US entities facilitating data-driven collaborative communication
- Aligned and harmonizing Business and IT Strategies and helping business and Operations functions in achieving their goals
Responsibilities:- Detailed understanding and knowledge of ISO 20022 message standards.
- Have hands on exposure to CBPR+ and FEDNOW/ FEDWIRE demands for ISO 20022 through at least 1 full program completed and delivered.
- Data Solutions for payments monetization, data quality and lineage etc. (Can be separate specialist or in combination)
- RTP implementation experiences through products like FINASTRA, FISERV etc., will be a definite advantage.
- Decent awareness of tech stack under the hood and architectural awareness will be a significant plus for making the hiring opportunity to be more successful (coverage - micro services construct, cloud deployment knowledge etc.)
- Gather and analyze business requirements, processes, design and develop data maps required to support technology transformation initiatives.
- Collaborate with cross-functional teams across the client organization and Infosys on technology transformation programs and initiatives.
- Manage end-to-end project execution, stakeholder communication and minimize engagement risk by proactively identifying issues and recommending courses of remediation.
- Support business development activities ranging from leading or contributing to proposals and developing propositions.
- Develop market relevant points of view to generate and sustain presence in the marketplace.
Basic Qualifications:- Bachelor's degree or foreign equivalent required.
- Minimum 9 years of relevant experience with at least 3 years of management consulting experience at a top-tier consulting firm
- Candidate should have a good knowledge of end-to-end value chain, architecture, and a good understanding of mainframe systems in the payments space.
- Experience in one or more domain areas - B2B Payments, Disbursements, Card Payments, Consumer/Retail Payments across origination, processing, clearing and settlement, servicing, and messaging. Hands-on experience with one or more of ISO 200022, electronic payments (Wires, ACH, Immediate Payments) in multiple geographies, Cross-Border Payments, Credit Card payments, Wallets is a must-have.
- Hands-on experience with market-leading Payment Hub products and Card Processors is a plus.
- At least one or two cycles of bank level payments modernization programs experience and have experience of running similar large complex technology programs
- Good knowledge and solution implementation experience of products and custom solutions for Fed WIRES, Canada Lynx and SWIFT cross border payment (high value payment solutions)
- Experienced in Engineering services, DevSecOps implementation management and Testing services Management
- Ability to travel as needed (typically up to 4 days/week) to client locations.
- 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:- Certifications are preferred like Bank of international settlements /FED or any other internationally recognized institutes.
- MBA / Economics major at graduate level. 3-5 years of experience working on change initiatives in Banking or Payment Services firms working either directly or with a reputed professional services firm.
- Exposure to Real time payments TCH RTP and FEDNOW would be added advantage, or they can be looked at exclusive RTP requirements position
- Good knowledge and liquidity management (Nostro/Vostro) accounts and any solutions
- Experience in executing programs using Agile methodologies.
- Prior experience with market-leading Payment Hub products, Payment Processors, and Card Processors.
- Strong knowledge of one or more payment schemes for High Value, Mass Payments, Immediate Payments, and P2P Payments.
- Firm building experiences through pre-sales, thought leadership, industry research and visibility through industry forums.
The estimated total annual compensation (Base + Bonus) range for candidates based out on NJ, IL, NY, CA & WA will be $ 210,000 - $ 256,667
