Business Analyst (Wealth Management)

Job Description

Roles and Responsibilities We are seeking a highly motivated and experienced Business Analyst to join our dynamic team. This individual will play a crucial role in driving strategic transformation and change initiatives within our Wealth Management division. The ideal candidate will possess a strong understanding of wealth management processes, coupled with proven expertise in business analysis, transformation, and change management. Responsibilities: Business Analysis & Requirements Gathering: Conduct thorough analysis of existing wealth management processes, systems, and data to identify areas for improvement and optimization. Elicit, document, and manage business requirements from stakeholders across various departments, including advisors, operations, and technology. Create detailed business requirements documents (BRDs), user stories, use cases, and process flow diagrams. Analyze and document "as-is" and "to-be" business processes. Perform gap analysis to identify discrepancies between current and desired states. Transformation & Change Management: Support the planning and execution of transformation initiatives, ensuring alignment with strategic objectives. Develop and implement change management strategies to facilitate smooth adoption of new processes and technologies. Conduct impact assessments to identify potential risks and challenges associated with change initiatives. Develop and deliver training materials and communication plans to support user adoption. Monitor and evaluate the effectiveness of change management efforts, and make necessary adjustments. Wealth Management Expertise: Apply in-depth knowledge of wealth management products, services, and regulations to support business analysis and transformation efforts. Understand and analyze wealth management workflows, including client onboarding, portfolio management, financial planning, and reporting. Collaborate with wealth advisors and portfolio managers to understand their needs and challenges. Stay abreast of industry trends and best practices in wealth management. Project Support & Collaboration: Work closely with project managers, developers, and other stakeholders to ensure successful project delivery. Participate in project meetings and provide regular updates on progress and issues. Support testing and validation efforts to ensure that solutions meet business requirements. Assist with the development of project documentation, including project plans, status reports, and presentations. Work with vendors, and third party providers as needed. Data Analysis & Reporting: Analyze data to identify trends, patterns, and insights that can inform business decisions. Develop and maintain reports and dashboards to track key performance indicators (KPIs). Utilize data analysis tools and techniques to support business analysis and reporting. Qualifications: Bachelor's degree in Business Administration, Finance, Information Technology, or a related field. Minimum 6+ years of experience as a Business Analyst, preferably in the wealth management industry. Proven track record of successfully supporting transformation and change management initiatives. Strong understanding of wealth management processes, products, and services. Excellent analytical, problem-solving, and communication skills. Proficiency in business analysis tools and techniques, such as process modeling, requirements elicitation, and data analysis. Experience with project management methodologies (e.g., Agile, Waterfall). Familiarity with wealth management software and systems (e.g., portfolio management systems, CRM systems). Ability to work independently and as part of a team. Strong interpersonal skills and the ability to build relationships with stakeholders at all levels. Certifications such as CBAP, CCBA, or related change management certifications are a plus.