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Banking Transformation Jobs (NOW HIRING)

Support Commercial Banking Transformation programs - including strategy development, operating model changes, and technology implementations * Manage all parts of projects, from client buy-in to ...

Support Commercial Banking Transformation programs - including strategy development, operating model changes, and technology implementations * Manage all parts of projects, from client buy-in to ...

As a Senior Consultant, you will lead Commercial Banking functional workstreams on large-scale banking transformation programs, translating complex business requirements into actionable solution ...

Support Commercial Banking Transformation programs - including strategy development, operating model changes, and technology implementations * Manage all parts of projects, from client buy-in to ...

As a Senior Consultant, you will lead Commercial Banking functional workstreams on large-scale banking transformation programs, translating complex business requirements into actionable solution ...

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Banking Transformation information

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$11K

$81.6K

$120.5K

How much do banking transformation jobs pay per year?

As of Jun 6, 2026, the average yearly pay for banking transformation in the United States is $81,630.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,500.00 and $120,000.00 per year, depending on experience, location, and employer.

What is Banking Transformation?

Banking Transformation refers to the process by which banks and financial institutions modernize their operations, technology, and customer service models to remain competitive and efficient in a rapidly evolving industry. This often involves adopting digital technologies, streamlining processes, and rethinking the customer experience to meet changing expectations. The goal is to enhance agility, reduce costs, comply with regulations, and foster innovation. Banking Transformation can include initiatives like implementing new core banking systems, launching digital banking platforms, and leveraging data analytics to better serve customers.

What are some common challenges faced by professionals working in Banking Transformation roles?

Professionals in Banking Transformation often encounter challenges such as managing resistance to change from staff, aligning technology upgrades with regulatory requirements, and balancing the needs of various stakeholders. Navigating complex legacy systems while implementing new digital solutions also requires strong problem-solving skills and adaptability. Additionally, effective communication and collaboration across departments are essential to ensure successful project delivery and adoption of new processes.

What jobs will no longer exist in 2030?

In banking transformation, roles such as traditional bank tellers and manual loan processors are expected to decline due to automation and digital banking technologies. Jobs involving routine data entry or manual reconciliation may also diminish as AI and machine learning tools become more prevalent, shifting the workforce toward roles requiring technical skills and digital literacy.

What are the key skills and qualifications needed to thrive in Banking Transformation, and why are they important?

To thrive in Banking Transformation, you need strong analytical skills, deep knowledge of banking operations, and experience with change management, often supported by a degree in finance, business, or information technology. Familiarity with digital banking platforms, core banking systems, and certifications like PMP or Lean Six Sigma are typically valuable. Exceptional communication, adaptability, and stakeholder management skills set professionals apart in this field. These skills are crucial for driving successful transformation projects that enhance efficiency, compliance, and customer experience in rapidly evolving financial environments.

What is the difference between Banking Transformation vs Banking Analyst?

AspectBanking TransformationBanking Analyst
Required CredentialsBachelor's degree, certifications in project management or banking technologyBachelor's degree, often in finance, economics, or related fields
Work EnvironmentProject teams, strategic planning, cross-departmental initiativesData analysis, reporting, financial modeling within banking departments
Employer & Industry UsageFinancial institutions undergoing digital and process changeBanking institutions, financial services firms, consulting firms
Common Search & Comparison IntentUnderstanding roles in banking modernizationAnalyzing banking operations and data

Banking Transformation focuses on leading strategic initiatives to modernize banking processes and implement new technologies, often involving project management and change leadership. Banking Analysts primarily analyze financial data, support decision-making, and evaluate banking operations. While both roles are within the banking industry, Banking Transformation is more strategic and project-oriented, whereas Banking Analysts are more data-driven and operational.

What jobs can I transition to from banking?

Banking professionals can transition to roles such as financial analyst, compliance officer, risk manager, or financial advisor, leveraging their knowledge of finance, regulations, and customer service. Skills in data analysis, financial modeling, and regulatory compliance are highly valued in these roles, which often require relevant certifications like CFA or CPA. Transitioning may also involve gaining experience in related industries such as insurance, fintech, or corporate finance.
More about Banking Transformation jobs
What states have the most Banking Transformation jobs? States with the most job openings for Banking Transformation jobs include:
What job categories do people searching Banking Transformation jobs look for? The top searched job categories for Banking Transformation jobs are:
Infographic showing various Banking Transformation job openings in the United States as of May 2026, with employment types broken down into 100% Full Time. Highlights an 71% In-person, and 29% Hybrid job distribution, with an average salary of $81,630 per year, or $39.2 per hour.
Asset & Wealth Management - Engineering - Core Banking Transformation - Vice President - Richardson

Asset & Wealth Management - Engineering - Core Banking Transformation - Vice President - Richardson

Goldman Sachs, Inc.

Richardson, TX • On-site

$163K - $210K/yr

Full-time

Posted 18 days ago


Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

29th of 141 rated banks


Job description

Job Description
Role Purpose
The VP of Core Banking Transformation will lead the strategic migration of our legacy core banking platforms (e.g., FIS, Fiserv) to a modern, cloud-based ledger system. This leader is responsible for the end-to-end migration lifecycle, including strategy definition, data mapping, and the establishment of a rigorous governance framework. You will ensure that the transition maintains 100% data integrity, meets strict regulatory standards, and minimizes operational risk through a phased, "near-live" migration approach.
Key Responsibilities
1. Migration Strategy & Execution
  • Strategy Definition: Define the overarching migration approach (e.g., Phased Co-existence, "Big Bang," or Product-by-Product) to minimize downtime and risk.
  • Mock Structure & Phases: Design and lead multiple "Mock Migrations" to validate technical processes, timing, and rollback procedures before the final cutover.
  • Success Criteria: Establish clear, measurable KPIs for each phase (e.g., data reconciliation accuracy, latency benchmarks, downstream system stability).

2. Data Engineering & Lineage
  • Data Mapping & Transformation: Oversee the creation of complex data maps from legacy schemas (monolithic/COBOL-based) to modern, event-driven cloud data models.
  • Lineage & Traceability: Implement a robust data lineage framework to ensure end-to-end traceability from the legacy source to the cloud ledger, satisfying audit and regulatory requirements.
  • Reconciliation Framework: Develop automated, real-time reconciliation engines to validate balances and transaction history across parallel systems during the co-existence phase.

3. Integration & Downstream Orchestration
  • Downstream Integration: Map and manage the integration requirements for all downstream systems (e.g., Risk, Finance, Regulatory Reporting, MarTech) to ensure zero disruption during migration.
  • Abstraction Layer Development: Oversee the engineering of a "Core Abstraction API" to route requests between legacy and modern systems during the transition period.
  • Vendor Management: Act as the primary technical lead for engagements with legacy providers (FIS/Fiserv) and modern cloud ledger partners.

4. Governance & Risk Management
  • Governance Framework: Establish a migration governance board to oversee architectural decisions, risk mitigation strategies, and go/no-go milestones.
  • Regulatory Compliance: Ensure the new cloud ledger and migration processes adhere to global banking regulations, including data residency and security standards.
  • Operational Resilience: Define and test Business Continuity Plans (BCP) and Disaster Recovery (DR) protocols specifically for the migration window.

Required Qualifications & Skills
Technical Expertise
  • Legacy Mastery: 8+ years of experience in core banking, with specific expertise in migrating from FIS (Modern Banking Platform/Horizon) or Fiserv (DNA/Signature/Premier).
  • Cloud-Native Architecture: Deep understanding of cloud-native ledger systems (e.g., Thought Machine, Mambu, or internal proprietary cloud ledgers) and distributed database technologies.
  • Data Governance: Proven experience implementing data lineage tools (e.g., Collibra, Atlan) and traceability frameworks in a regulated environment.
  • Migration Tooling: Proficiency with Change Data Capture (CDC) tools, ETL pipelines, and automated testing frameworks for large-scale data moves.

Strategic Leadership
  • Complex Program Delivery: Proven track record of leading multi-year, $50 million+ transformation programs in the financial services sector.
  • Stakeholder Influence: Ability to communicate technical risks and migration progress to the Board, Regulators, and C-suite executives.
  • Analytical Rigor: Exceptional ability to define "Success Criteria" that balance technical perfection with business velocity.

Education
  • Bachelor's or Master's degree in Computer Science, Engineering, or a related field.

ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html©
The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

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About Goldman Sachs

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At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869