Business Analyst - Wealth Management

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Mediterranean Bank Plc
  • 16 Aug 17

Medirect Group (systemically important financial institution under direct supervision of ECB with National Bank of Belgium and Maltese Financial Services Authority as national regulators) is looking for an experienced Business Analyst - Wealth Management with strong knowledge of retail financial planning, advisory and related products and services to join a high profile Business Development team and take responsibility for a portfolio of retail wealth management projects.

The position will be based in either London or our offices in Malta.

Duties and responsibilities

  • Leading a number of high profile projects including but not limited to introduction of online wealth management service in Malta, expanding the existing online wealth discretionary service offering in Belgium, working on design and implementation of wealth management products based on new asset classes, operational improvements of the existing setup
  • Working with senior and junior stakeholders across the Bank’s functions (mainly Business, Technology, Operations, Legal, Compliance, Risk and Finance) to be able to assess the feasibility of new products and services and implement the agreed scope
  • Cooperation with external suppliers of wealth management services and related data. Where necessary, running Request for Proposal (RFP) processes across a number of potential vendors
  • Ensuring an effective delivery of agreed wealth management projects, covering activities such as:
    • Confirming nature and scope of change
    • Impact assessment of changes. Performing GAP Analysis
    • Analysis and documentation of requirements
    • Identification and analysis of solutions
    • Design of the implementation of process and organisational changes
    • Interpret business requirements into system requirements
    • Where appropriate, act as a liaison point between the less technical officers and the technical resources to ensure correct implementation of requirements
    • Provide systems and product expertise to key stakeholders to enable smooth implementations of technology solutions for new wealth management solutions
    • Preparation of detailed project documentation summarising, amongst other things, the list of process and operational changes, system requirements, delivery deadlines, implementation and support costs, project risks and constraints


Required knowledge, skills and experience

  • Strong understanding of retail wealth management and banking, with a specific focus on products and services offered via online channels
  • Working knowledge of discretionary service products, mutual funds, ETFs, equities and bonds (product mechanics, trading and settlement cycles, related fees and costs)
  • Working knowledge of technical support structures and solutions behind online wealth management and retail trading services
  • Good understanding of EU financial services regulations, with a specific focus on MIFID2, UCITS, etc
  • Track record of wealth management projects delivery and managing project teams, including the ability to meet deadlines, overcome challenges, manage stakeholder expectations, produce project plans and deliverables
  • Ability to communicate at a senior level and drive scoping discussions for the major projects
  • Working in a fast-paced environment preferably in retail banking, online wealth management and advisory services