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.