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For Companies At a Glance
- Tasks: Join our team to implement a new financial planning system and enhance our Wealth Advice services.
- Company: RBC BD is a leading financial institution focused on delivering top-notch wealth management solutions.
- Benefits: Enjoy flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Be part of a transformative project that shapes the future of financial advice and client relationships.
- Qualifications: Experience in financial planning and strong analytical skills are essential; familiarity with X-plan is a plus.
- Other info: Collaborate with diverse teams and stakeholders to drive impactful change in the wealth management sector.
The predicted salary is between 48000 - 72000 £ per year.
Project description
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. The candidate should have knowledge of the Financial Planning / Regulated Advice process and the products and providers that are inherent to this.
- A 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.
Skills
- Testing analysis / preparation and conduct
- Business Analysis
- Sophisticated-stakeholder management
- Training materials preparation and delivery
Background
Private Client Wealth Advice / Financial Planning within large Banks or Financial Institutions (Preferred), or independent Financial Advisers.
Senior Business Analyst - Wealth Management employer: Albany Beck
Contact Detail:
Albany Beck Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst - Wealth Management
✨Tip Number 1
Familiarise yourself with the Iress X-plan application. Even if it's not a strict requirement, having a solid understanding of this tool will set you apart from other candidates and show your initiative.
✨Tip Number 2
Network with professionals in the Wealth Management sector. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 3
Brush up on your knowledge of financial planning processes and products. Being able to discuss these confidently during interviews will demonstrate your expertise and commitment to the field.
✨Tip Number 4
Prepare to discuss your experience with stakeholder management. Be ready to share specific examples of how you've successfully navigated complex relationships in previous roles, as this is crucial for the position.
We think you need these skills to ace Senior Business Analyst - Wealth Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Financial Planning and Business Analysis. Emphasise any previous roles where you worked with financial institutions or independent advisers, and detail your familiarity with the Financial Planning process.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Senior Business Analyst position specifically within Wealth Management. Mention your understanding of the X-plan application 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 projects where you successfully specified solutions and engaged with stakeholders to resolve issues.
Highlight Collaborative Experience: Since the role requires working collaboratively within a Change Team and with wider stakeholders, include instances in your application where you've successfully worked in a team environment. This could be through training materials preparation or stakeholder management.
How to prepare for a job interview at Albany Beck
✨Showcase Your Financial Planning Knowledge
Make sure to highlight your experience in financial planning during the interview. Discuss specific projects you've worked on, particularly those involving regulated advice processes and product implementations, as this will demonstrate your understanding of the industry.
✨Prepare for Stakeholder Conversations
Since the role involves working closely with various stakeholders, be ready to discuss how you've successfully managed stakeholder relationships in the past. Prepare examples that showcase your ability to communicate effectively and resolve conflicts.
✨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, and be prepared to discuss how you would approach its implementation within a business operating model.
✨Demonstrate Analytical Skills
Be prepared to discuss your analytical skills and how you've used them to solve problems in previous roles. Provide examples of how you've articulated operating models or specified solutions that led to successful project outcomes.
