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- Tasks: Join us as a Senior Business Analyst to implement a new Wealth Advice system.
- Company: Be part of RBC, a leading financial institution in Wealth Management.
- Benefits: Enjoy competitive pay, flexible working options, and professional development opportunities.
- Why this job: Make a real impact on financial planning processes and collaborate with diverse teams.
- Qualifications: Experience in Financial Planning and strong analytical skills are essential.
- Other info: Familiarity with the X-plan application is a plus but not mandatory.
The predicted salary is between 48000 - 72000 £ per year.
Our Wealth Management client is implementing a new 3rd party Wealth Advice / Financial Planning (FP) system into a core Wealth Advice proposition. This will include implementing the 3rd party application (Iress X-plan) end to end, including the digital portal to replace an existing FP application, to deliver improvements to the existing FP operating model and enable the future strategic direction for Wealth Advice in RBC BD.
The role is to work as a Business Analyst with the existing Business stakeholders and Business Change team to successfully deliver X-plan into the business operating model of the existing core Advice proposition.
Knowledge/Experience- Experience of working in Financial Planning - either within large financial institutions or independent financial advisers.
- Knowledge of the Financial Planning / Regulated Advice process and the products and providers that are inherent to this.
- Knowledge of the end to end financial planning, product implementation, fees charging and processing / reconciling processes is a requirement.
- Experience of carrying out analysis to articulate operating model / processes, specify solutions & solve problems as part of delivering a project, allowing credible conversations with stakeholders over the operating model and project related subjects / issues.
- Able to work collaboratively within own Change Team and wider stakeholder ‘Matrix’ team.
- Experience of the X-plan application and implementation of it may also be desirable but is not a necessary requirement.
- Testing analysis / preparation and conduct Business Analysis.
- Sophisticated-stakeholder management.
- Training materials preparation and delivery.
- Private Client Wealth Advice / Financial Planning within large Banks or Financial Institutions (Preferred), or independent Financial Advisers.
Contact Detail:
Albany Beck Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst - Wealth Management (City of London)
✨Tip Number 1
Familiarise yourself with the Iress X-plan application, even if you don't have direct experience. Understanding its functionalities and how it integrates into financial planning processes will help you engage in meaningful conversations with stakeholders during interviews.
✨Tip Number 2
Brush up on your knowledge of the financial planning process and the regulatory environment. Being able to discuss current trends and challenges in wealth management will demonstrate your expertise and commitment to the role.
✨Tip Number 3
Network with professionals in the wealth management sector, especially those who have experience with financial planning systems. This can provide you with insights and potentially valuable connections that could help you stand out in the application process.
✨Tip Number 4
Prepare to showcase your stakeholder management skills. Think of examples from your past experiences where you've successfully navigated complex relationships and delivered results, as this is crucial for the collaborative nature of the role.
We think you need these skills to ace Senior Business Analyst - Wealth Management (City of London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Financial Planning and Business Analysis. Emphasise any work you've done with financial institutions or independent advisers, and showcase your understanding of the Financial Planning process.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Senior Business Analyst role specifically within Wealth Management. Mention your familiarity with the X-plan application if applicable, and how your skills align with the project goals outlined in the job description.
Showcase Your Analytical Skills: Provide examples in your application that demonstrate your ability to analyse operating models and processes. Highlight any past experiences where you successfully specified solutions or solved problems in a project setting.
Highlight Stakeholder Management Experience: Discuss your experience in managing stakeholders effectively. Provide specific examples of how you've collaborated within a Change Team or across a wider stakeholder matrix, as this is crucial for the role.
How to prepare for a job interview at Albany Beck
✨Showcase Your Financial Planning Knowledge
Make sure to highlight your experience in financial planning, especially within large financial institutions or as an independent adviser. Be prepared to discuss the financial planning process and the products involved, as this will demonstrate your understanding of the industry.
✨Familiarise Yourself with X-plan
While experience with the X-plan application is not mandatory, having a basic understanding of it can set you apart. Research its features and functionalities so you can speak confidently about how it integrates into the wealth management process.
✨Prepare for Stakeholder Conversations
Since the role involves working closely with various stakeholders, practice articulating your thoughts on operating models and project-related issues. This will help you engage in credible conversations during the interview and showcase your stakeholder management skills.
✨Demonstrate Collaborative Skills
Emphasise your ability to work collaboratively within a change team and across a matrix of stakeholders. Share examples from your past experiences where teamwork led to successful project outcomes, as this is crucial for the role.
