Business Analyst - Wealth Management-RMAI

Position Overview:

• Job Title: Senior Business Analyst Product Owner - Wealth Management Retirement Custody Operations
• Experience: 8 to 15 Years
• Domain: Wealth Management, US Retirement Services, Custody Operations, Capital Markets
• Education: Bachelor’s Degree in Business, Finance, Technology, or a related field

Core Responsibilities:

• Position Summary
• We are on the lookout for a seasoned Product Owner and Senior Business Analyst who has extensive domain knowledge in US Retirement Services, Wealth Management, Custody, and Capital Markets Operations.
• The ideal candidate will demonstrate robust business analysis, stakeholder management, and product ownership skills, with a track record of leading strategic initiatives, process transformations, and large-scale business change programs within financial services organizations.
• Core Duties
• Collect, analyze, and document business requirements, functional specifications, and process workflows.
• Collaborate with business operations, technology, and client stakeholders to conduct gap analysis and outline future state solutions.
• Lead comprehensive business analysis activities, including process mapping, solution design, stakeholder approvals, and change management.
• Assist with integration, conversion, system integration testing (SIT), user acceptance testing (UAT), go-live, and post-production activities.
• Contribute to discussions regarding product strategy and roadmap, practice development initiatives, requests for proposals (RFPs), points of view (POVs), and knowledge resources.
• Work collaboratively in Agile settings utilizing tools like JIRA and Confluence.

Technical Proficiencies:

• Knowledge in Wealth Management and US Retirement
• Thorough understanding of the complete lifecycle of Defined Contribution plans, including 401(k), 403(b), and 457 plans.
• Familiarity with retirement planning, participant lifecycle management, and investment options.
• Expertise in retirement operations, covering participant onboarding, contribution processing, and recordkeeping.
• Awareness of regulatory frameworks, including ERISA, DOL, and IRS guidelines.
• Custody and Capital Markets Knowledge
• Strong grasp of the complete Trade Lifecycle with emphasis on Settlements and Clearing.
• Expertise in Corporate Actions, Income Collection, and Tax Processing.
• Knowledge of Withholding Tax, Tax Reclaims, Relief at Source, and related operational workflows.
• Familiarity with messaging standards such as SWIFT, ISO 20022, ISO 15022, DTCC, and CREST.
• Understanding of Reference Data and Static Data management in investment banking contexts.

Additional Expectations:

• Essential Skills
• 8 to 15 years of pertinent experience in Financial Services, particularly in Wealth Management, Retirement Services, Custody, or Capital Markets.
• Exceptional analytical, documentation, and problem-solving abilities.
• Strong experience in engaging senior business operations and technology stakeholders.
• Proven capability to produce business process maps, functional specifications, and solution documents.
• Excellent communication and stakeholder management skills.
• Tools & Technologies
• Proficiency in Atlassian JIRA and Confluence.
• Competence in Microsoft Office Suite and Microsoft Copilot.
• Basic knowledge of SQL; familiarity with Power BI is a plus.
• Ideal Candidate Profile
• Experience with leading financial institutions, retirement recordkeepers, custodians, investment banks, or tier 1 product organizations.
• A strong product mindset with the ability to influence product roadmaps and drive business transformation initiatives.
• Experience with systems such as retirement recordkeeping platforms, custody solutions, post-trade processing systems, or wealth management products.
• Preferred Industries: Wealth Management, Retirement Services, Custody Operations, Capital Markets, Investment Banking, and Financial Services.

Preferred Competencies:

• Domain: FS-Asset and Wealth Management -> Wealth Management